Wells Fargo
Wells Fargo
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company is split into four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management.
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The company's new agreement with Envestnet Yodlee to share customers' account data over secure pipes is its 17th pact with aggregators and other fintech firms.
September 25 -
As Wells Fargo CEO Charles Scharf himself admitted, it’s an excuse — and a weak one.
September 25 -
![Wells Fargo CEO Charlie Scharf quickly walked back his controversial comments in a lengthy statement to employees Wednesday in which he apologized “for making an insensitive comment reflecting [his] own unconscious bias.”](https://arizent.brightspotcdn.com/dims4/default/b74d84b/2147483647/strip/true/crop/4368x2457+0+227/resize/1280x720!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2Fd7%2Fc1%2Ffbde9308449b9876620db6137643%2F336351924.jpg)
The company has been experimenting with ways to recruit more women and minorities, including a program to hire professionals who had left banking.
September 24 -
Charles Scharf has since apologized that his comments in a virtual meeting this summer were "misinterpreted."
September 23 -
The senior executives, all from the company’s consumer banking unit, agreed to pay six-figure fines in connection with the 2016 unauthorized account scandal.
September 22 -
It’s the latest team to exit the wirehouse as profit suffers.
September 15 -
The company's outgoing CFO discussed ways the asset cap is stunting growth, but provided no updates at an industry conference on when the restriction might be lifted or the types of jobs it will cut.
September 15 -
The bank is more diligent than its rivals in helping to reduce the spread of coronavirus, according to a new study.
September 4 -
Sales are tumbling and gravitating to different products as Wells Fargo settles a FINRA case and researchers examine the defunct fiduciary rule.
September 3 -
![Wells Fargo CEO Charlie Scharf quickly walked back his controversial comments in a lengthy statement to employees Wednesday in which he apologized “for making an insensitive comment reflecting [his] own unconscious bias.”](https://arizent.brightspotcdn.com/dims4/default/01f7154/2147483647/strip/true/crop/4368x2457+0+227/resize/1440x810!/format/webp/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2Fd7%2Fc1%2Ffbde9308449b9876620db6137643%2F336351924.jpg)
