Wells Fargo

American multinational banking and financial services company

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Wells Fargo & Company is an American multinational financial services company headquartered in San Francisco, California, with managerial offices throughout the United States and overseas. It is the world's fourth-largest bank by market capitalization and the fourth largest bank in the US by total assets. Wells Fargo is ranked number 26 on the 2018 Fortune 500 rankings of the largest US corporations by total revenue.

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McDonald's Most Likely To Thrive Irene Jiang/Business Insider This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. McDonald's is a top restaurant pick from analysts at Wells.. Credit: Wochit News Duration: 00:32Published 3 weeks ago

Wall Street Confident Stocks Are On Course Business Insider reports that US stocks are on course to close lower for a third consecutive week. The S&P 500 has lost nearly 9% since early September's record high. That decline was mainly driven by.. Credit: Wochit News Duration: 00:27Published on September 19, 2020

Will Stock Volatility Increase After Election? On Tuesday, Wells Fargo said stock markets should prepare for volatility to balloon after Election Day. Wells Fargo head of rates strategy Michael Schumacher told CNBC's Trading Nation that options are.. Credit: Wochit News Duration: 00:29Published on September 17, 2020

Warren Buffett's Berkshire Hathaway Reduces Stake In Wells Fargo Warren Buffett's Berkshire Hathaway has cut its Wells Fargo. Its stake in Wells Fargo is now at a 17 year low. On Friday, Berkshire Hathaway said it owns 3.3% of the company, its slimmest ownership.. Credit: Wochit News Duration: 00:32Published on September 7, 2020

Buffett's Berkshire Hathaway Cuts Stake In Wells Fargo By 43% Regulatory filings show Warren Buffett's Berkshire Hathaway has sold about 101 million Wells Fargo shares in recent weeks. The billionaire investor's company cut its holdings by about 43% to 136.. Credit: Wochit News Duration: 00:28Published on September 5, 2020

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Starbucks sets goals for increasing diversity in coming years The Seattle coffee chain joins Microsoft and Wells Fargo — both of whom have also announced diversity hiring goals. CBS News - Published 4 days ago
Wells Fargo fires dozens for alleged abuse of COVID relief program Bank says they got loans from Small Business Administration and deposited the money into their personal accounts. CBS News - Published 5 days ago
Microsoft, Wells Fargo push diversity — feds say not so fast Labor Department tells the tech and banking giant that hiring Black managers could amount to discrimination. CBS News - Published 2 weeks ago

Wells Fargo's diversity initiative to hire more Black leaders probed by Labor Department Wells Fargo has received an inquiry from the Labor Department questioning if its diversity initiative violates federal race discrimination laws. USATODAY.com - Published 2 weeks ago
Ouch! COVID-19 is forcing some people to put retirement on hold About 30% of employed investors say it's very or somewhat likely they will delay retirement due to the pandemic, according to a Wells Fargo survey. USATODAY.com - Published on June 24, 2020
Wells Fargo's relationship with NRA is 'declining': CEO Wells Fargo & Co's relationship with firearm lobbying group the National Rifle Association is "declining," Chief Executive Charles Scharf told investors on Tuesday. Reuters - Published on April 28, 2020

Chase Bank shuffled Paycheck Protection Program small business applications, lawsuit says The move meant that Chase would collect larger processing fees, nearly $6 billion in total. The suit follows similar allegations against Wells Fargo. USATODAY.com - Published on April 20, 2020
Lawsuit alleges Wells Fargo unfairly shuffled Paycheck Protection Program applications The move meant that Wells Fargo would receive millions more dollars in processing fees, according to the lawsuit. USATODAY.com - Published on April 19, 2020
Wall Street jumps as hopes for easing lockdown offset earnings worry U.S. stocks jumped on Tuesday as optimism that the Trump administration could move to ease lockdowns from the coronavirus overshadowed worrying earnings reports from JPMorgan and Wells Fargo. Reuters - Published on April 14, 2020
Wall Street jumps on optimism over lockdown easing but earnings a concern U.S. stocks rose more than 2% on Tuesday as hopes that the Trump administration could move to ease coronavirus-induced lockdowns overshadowed worrying quarterly earnings reports from JPMorgan and Wells.. Reuters - Published on April 14, 2020

Two big U.S. banks offer glum outlook for coronavirus recession The main things investors wanted to learn from first-quarter results by JPMorgan Chase & Co and Wells Fargo & Co on Tuesday was just how bad the coronavirus recession is going to get and how long it.. Reuters - Published on April 14, 2020
Wall Street surges on hopes of lockdown easing; JPMorgan kicks off earnings Wall Street jumped on Tuesday as hopes that President Donald Trump could move to ease coronavirus-induced lockdowns overshadowed dismal quarterly earnings reports from JPMorgan and Wells Fargo. Reuters - Published on April 14, 2020
Fed allows Wells Fargo to expand role in overwhelmed small-business loan program Wells Fargo, the nation's fourth-largest bank, had set a lending cap of $10 billion due to restrictions as a result of a massive fake account scandal. USATODAY.com - Published on April 8, 2020	Exclusive: U.S. prosecutors probe former Wells Fargo executive over scandal - sources U.S. prosecutors are investigating the former head of Wells Fargo & Co’s community banking division for her role in the lender’s product mis-selling scandal, two sources said. Reuters - Published on April 1, 2020
Wells Fargo to raise minimum pay in most of its U.S. markets Wells Fargo & Co said on Wednesday it plans to increase minimum wage to between $15 and $20 per hour for most of its U.S. markets, joining other Wall Street banks that have raised hourly pay in recent.. Reuters - Published on March 4, 2020	Citigroup and Wells Fargo restrict all cross border travel as coronavirus spreads Citigroup Inc and Wells Fargo & Co have restricted all cross-border travel by employees in response to the rapidly spreading coronavirus outbreak. Reuters - Published on March 2, 2020
SEC orders Wells Fargo pay $35 million for recommendations of high-risk products The U.S. Securities and Exchange Commission said on Thursday it ordered Wells Fargo & Co to pay $35 million to settle charges it failed to adequately supervise investment advisers who were recommending.. Reuters - Published on February 27, 2020	Wells Fargo to pay $3 billion to U.S., admits pressuring workers in fake-accounts scandal Wells Fargo & Co will pay $3 billion to resolve criminal and civil probes into fraudulent sales practices and admitted to pressuring employees in a fake-accounts scandal, U.S. officials said on Friday,.. Reuters - Published on February 21, 2020
Wells Fargo to pay $3B settlement for violating antifraud rules, resolving fake account probes Wells Fargo agrees to pay $3B for misleading investors as part of fake-account scandal USATODAY.com - Published on February 21, 2020	Factbox: Remaining hurdles for scandal-hit Wells Fargo Wells Fargo & Co has racked up well over $7 billion in penalties since a sales practices scandal erupted in 2016, and continues to face headwinds. Reuters - Published on February 21, 2020
Wells Fargo reaches $3bn fake accounts settlement Pressure to hit sales goals led Wells Fargo staff to create fake accounts and collect extra fees. BBC News - Published on February 21, 2020	Wells Fargo close to roughly $3 billion settlement that would end probes into sales practices Wells Fargo is nearing a deal with federal prosecutors that would settle a years-long investigation into the bank's sales practices in its banking, auto lending, and mortgage divisions, The New York.. WorldNews - Published on February 21, 2020
Buffett's Berkshire buys Kroger and Biogen, reduces Wells Fargo and Goldman stakes Warren Buffett's Berkshire Hathaway Inc on Friday said it has taken a $549.1 million stake in Kroger Co, investing in the largest U.S. supermarket chain as smaller rivals struggle. Reuters - Published on February 14, 2020	Wells Fargo Invests $5M in Startup Connecting Crypto Exchanges and Banks Banking giant Wells Fargo is backing blockchain forensics firm Elliptic. Announced Thursday, the fresh $5 million from Wells Fargo Strategic Capital (WFSC) brings Elliptic’s Series B up to a total of.. WorldNews - Published on February 13, 2020
John Stumpf: Ex-Wells Fargo boss pays $17.5m to settle charges John Stumpf has also been banned from working for US national banks after a fake accounts scandal. BBC News - Published on January 24, 2020	Ex-Wells Fargo CEO banned from banking, must pay $17.5M fine for role in fake-accounts scandal The former CEO of Wells Fargo can never work for a bank again and must pay a $17.5 million fine for his role in the bank's fake-accounts scandal. USATODAY.com - Published on January 23, 2020
S&P 500 eases from record on tech retreat, Wells Fargo slide The S&P 500 eased from record levels on Tuesday, as technology stocks handed back gains made on hopes of a preliminary U.S.-China trade deal and Wells Fargo slid in a mixed start to big banks'.. Reuters - Published on January 14, 2020	New Wells Fargo CEO brings Wall Street swagger to storied bank Charles Scharf will make his public debut as Wells Fargo & Co’s chief executive during the bank’s quarterly earnings call on Tuesday, and those who have worked with him in the past say he is likely.. Reuters - Published on January 13, 2020
Exclusive: Wells Fargo lays off more than 200 business bankers in U.S. - sources Wells Fargo & Co has laid off more than 200 bankers in its U.S. lending divisions in recent months, as the bank reacted to business trends and restructured some units, sources familiar with the matter.. Reuters - Published on October 25, 2019	Wells Fargo taps one-time Dimon protégé Scharf to lead turnaround After a difficult, months-long search for a new chief executive, scandal-plagued Wells Fargo & Co named as its next leader Charles Scharf, a one-time Jamie Dimon protégé known on Wall Street as a.. Reuters - Published on September 27, 2019
Wells Fargo chooses BNY Mellon's Scharf as third CEO in three years Wells Fargo & Co on Friday named banking veteran Charles Scharf its next chief executive officer, ending a six-month search for a new leader to turn around the fortunes of the scandal-plagued bank,.. Reuters - Published on September 27, 2019	Shut Down DC is back and they're protesting outside EPA, Trump Hotel and Wells Fargo Climate change activists on Friday protested outside the Trump Hotel, the EPA, Wells Fargo Bank and BlackRock in Washington, D.C. USATODAY.com - Published on September 27, 2019
Wells Fargo taps BNY Mellon's Charles Scharf as CEO Wells Fargo & Co named banking veteran Charles Scharf as chief executive officer on Friday, the lender's third CEO since a wide-ranging sales scandal erupted three years ago. Reuters - Published on September 27, 2019	Wells Fargo names Bank of New York Mellon chief as new CEO Scandal-tainted bank taps former top deputy to JPMorgan Chase's Jamie Dimon to rehab its reputation CBS News - Published on September 27, 2019Also reported by •Reuters
Top U.S. banks temper net interest income view, cite potential rate cuts Wells Fargo relies heavily on interest rates to boost revenue, since it manages rate-sensitive deposits and mortgage securities. On July 31, the U.S. central bank cut its key overnight lending rate to.. WorldNews - Published on September 9, 2019	Wells Fargo pays $6.5 million to Navajo Nation over 'predatory' practices Wells Fargo & Co will pay the Navajo Nation $6.5 million to settle a lawsuit over "predatory and unlawful practices" by the bank, the Native American tribe said on Thursday. Reuters - Published on August 22, 2019
Your meaningful job is a health hazard We talk a lot about how millennials need jobs that don’t just pay the bills, but fulfill the depths of our socially responsible, non-GMO, no-artificial-additives souls. There’s no way we’d settle.. WorldNews - Published on July 24, 2019	Wells Fargo tempers cost-cutting outlook Wells Fargo & Co reported higher quarterly earnings on Tuesday, due in part to lower expenses, but the bank reined in its outlook for cost cuts to invest in improving its risk management. Reuters - Published on July 16, 2019
Wells Fargo does well after lower overall costs New York — Wells Fargo reported higher quarterly profit on Tuesday despite flat revenue, as the bank benefited from lower costs. Revenue fell at Wells’s community bank and wholesale bank as net.. WorldNews - Published on July 16, 2019	Wells Fargo posts higher profit on cost controls, rise in loans Wells Fargo & Co reported higher quarterly profit on Tuesday despite flat revenue as the bank benefited from lower costs. Reuters - Published on July 16, 2019
Companies spent more than $300 million settling FCRA violation claims Big employers, including Amazon, Uber and Wells Fargo have spent hundreds of millions of dollars over the past decade to settle allegations they unlawfully snooped on job applicants. CBS News - Published on June 28, 2019	Wells Fargo will pay customers $386 million over unwanted auto insurance Wells Fargo & Co will pay customers at least $386 million to settle class-action claims that the bank signed them up for auto insurance they did not want or need when they took out car loans. Reuters - Published on June 7, 2019
Exclusive: Wells Fargo board weighs keeping interim CEO in place - sources Wells Fargo & Co board members are considering keeping interim Chief Executive Allen Parker in the job permanently even after saying they would seek an outsider to fill the role, according to two.. Reuters - Published on June 5, 2019

Wells Fargo

American multinational banking and financial services company

Wells Fargo ▸ Facts ▸ Comments ▸ News ▸ Videos

You Might Like

Starbucks sets goals for increasing diversity in coming years

Wells Fargo fires dozens for alleged abuse of COVID relief program

Microsoft, Wells Fargo push diversity — feds say not so fast

Wells Fargo's diversity initiative to hire more Black leaders probed by Labor Department

Ouch! COVID-19 is forcing some people to put retirement on hold

Wells Fargo's relationship with NRA is 'declining': CEO

Chase Bank shuffled Paycheck Protection Program small business applications, lawsuit says

Lawsuit alleges Wells Fargo unfairly shuffled Paycheck Protection Program applications

Wall Street jumps as hopes for easing lockdown offset earnings worry

Wall Street jumps on optimism over lockdown easing but earnings a concern

Two big U.S. banks offer glum outlook for coronavirus recession

Wall Street surges on hopes of lockdown easing; JPMorgan kicks off earnings

Fed allows Wells Fargo to expand role in overwhelmed small-business loan program

Exclusive: U.S. prosecutors probe former Wells Fargo executive over scandal - sources

Wells Fargo to raise minimum pay in most of its U.S. markets

Citigroup and Wells Fargo restrict all cross border travel as coronavirus spreads

SEC orders Wells Fargo pay $35 million for recommendations of high-risk products

Wells Fargo to pay $3 billion to U.S., admits pressuring workers in fake-accounts scandal

Wells Fargo to pay $3B settlement for violating antifraud rules, resolving fake account probes

Factbox: Remaining hurdles for scandal-hit Wells Fargo

Wells Fargo reaches $3bn fake accounts settlement

Wells Fargo close to roughly $3 billion settlement that would end probes into sales practices

Buffett's Berkshire buys Kroger and Biogen, reduces Wells Fargo and Goldman stakes

Wells Fargo Invests $5M in Startup Connecting Crypto Exchanges and Banks

John Stumpf: Ex-Wells Fargo boss pays $17.5m to settle charges

Ex-Wells Fargo CEO banned from banking, must pay $17.5M fine for role in fake-accounts scandal

S&P 500 eases from record on tech retreat, Wells Fargo slide

New Wells Fargo CEO brings Wall Street swagger to storied bank

Exclusive: Wells Fargo lays off more than 200 business bankers in U.S. - sources

Wells Fargo taps one-time Dimon protégé Scharf to lead turnaround

Wells Fargo chooses BNY Mellon's Scharf as third CEO in three years

Shut Down DC is back and they're protesting outside EPA, Trump Hotel and Wells Fargo

Wells Fargo taps BNY Mellon's Charles Scharf as CEO

Wells Fargo names Bank of New York Mellon chief as new CEO

Top U.S. banks temper net interest income view, cite potential rate cuts

Wells Fargo pays $6.5 million to Navajo Nation over 'predatory' practices

Your meaningful job is a health hazard

Wells Fargo tempers cost-cutting outlook

Wells Fargo does well after lower overall costs

Wells Fargo posts higher profit on cost controls, rise in loans

Companies spent more than $300 million settling FCRA violation claims

Wells Fargo will pay customers $386 million over unwanted auto insurance

Exclusive: Wells Fargo board weighs keeping interim CEO in place - sources