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.
-
Nearly everything fell during the difficult first quarter: net income, advisory assets, IRA assets, and advisor headcount.
April 14 -
Vanguard reclaimed its top spot in J.D. Power’s annual ranking of self-directed investor satisfaction. Charles Schwab retained its position as a leader among DIY investors.
April 14 -
Just days after the Fed lifted Wells Fargo's asset cap so it could make more Paycheck Protection Program loans, it warned customers its queue is long and they may want to go elsewhere before program funds are exhausted.
April 13 -
Eligible full-time employees will get $600 before taxes while part-timers receive $300.
March 24 -
After resigning last year under pressure from federal policymakers, the former executive received no severance benefits or annual incentive award.
March 17 -
The firm has touted its capabilities, lighter bureaucracy and corporate environment to new hires — factors that have helped lure in top talent.
March 12 -
The employee “is at home while their health is being closely monitored by their doctor and public health authorities,” a spokeswoman for the bank said.
March 9 -
The bank failed to implement its own supervisory procedures around single-inverse ETFs, costing clients millions, the SEC says.
February 27 -
The settlement marks the bank’s largest yet from a series of scandals that claimed two chief executive officers.
February 21 -
“Mandatory arbitration could be masking toxic cultures that are tolerating sexual harassment,” says a shareholder activist whose firm prompted Wells’ move
February 21 -
While several tech giants have done away with the clause in the past few years, the process remains widespread on Wall Street, which pioneered it decades ago.
February 12 -
The changes mean smaller universes for some of Wells Fargo’s long-standing business leaders.
February 11 -
“It’s like nuclear fallout. The bomb didn’t drop on you but you were within five miles of it," said Alan Johnson, managing director of compensation consultant Johnson Associates.
February 6 -
It’s been a long tail for the firm that began with the 2016 revelation that employees had opened millions of fake accounts to meet sales goals.
January 27 -
“The bank had better tools and systems to detect employees who did not meet unreasonable sales goals than it did to catch employees” engaging in misconduct, the regulator said.
January 24 -
The bank's former chief executive will pay a $17.5 million penalty and be banned from the industry.
January 23 -
Some of Wall Street's most prominent executives have this in common: a long tenure.
January 22 -
The arbitrators based their ruling “on the defamatory nature of the information.”
January 22 -
The bank continues to struggle with attrition due to scandals, regulatory scrutiny and a graying workforce.
January 14 -
The bank was accused of infringing on another firm's patent for a mobile deposit system.
January 13