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 unit has $603 billion of assets under management and employs more than 450 investment professionals.
February 23 -
The bank is winding down the roughly $40 billion international segment of its wealth management business.
February 8 -
Net interest income, the firm’s biggest source of revenue, sank 16% last year.
February 1 -
“As of today, Wells Fargo Advisors is not allowing solicitation of those two securities,” a spokesperson for the bank said Wednesday.
January 28 -
CEO Charlie Scharf’s long-awaited expense-reduction plan got a chilly reception from investors.
January 15 -
To streamline the company, CEO Charlie Scharf has been looking to sell certain businesses since taking over in 2019.
January 15 -
Policy changes could deprive some politicians of significant campaign funds.
January 12 -
The firm’s chief executive began setting the stage last year when he broke the company’s three business lines into five.
January 5 -
The firm has about 200,000 staffers doing their jobs from home, a spokesman said.
December 17 -
The unit could fetch more than $3 billion, according to people familiar with the matter.
December 15
