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.
-
A pastor was falsely arrested for check fraud because of errors made by Wells Fargo employees. Now, he may be forced to resolve legal claims against the bank in arbitration.
August 28 -
The bank's performance puts it behind its largest U.S. competitors this year, signaling frustration in the market over the board’s quiet search.
August 20 -
The panel has had 13 public meetings since the Massachusetts senator’s last appearance, in May.
August 6 -
The new recruits join the firm’s employee channel from both wirehouses and the independent space.
August 5 -
Former retail brokerage head David Kowach is moving to the consumer bank.
August 1 -
The new recruits managed over $300 million in client assets.
July 25 -
Michelle Rudd opened a new office for Summit Trail Advisors, a $5 billion independent firm.
July 24 -
Lenders have learned that automated wealth management tools enhance interactions with clients — and bring in more business.
July 22 -
The beleaguered bank has suffered from attrition since a fake accounts scandal rocked the firm in 2016.
July 17 -
The bank has been slashing expenses, but executives acknowledged they remain high. Between having to hire thousands of compliance employees and waiting on the next CEO to be named, investments in new technology or other long-term growth are limited.
July 16
