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Wells Fargo & Company Increases Common Stock Dividend
Wells Fargo CFO Says Starting To See Consumer Spending Like It Was Pre-pandemic
Wells Fargo CEO Says "Not Even Thinking About What Life Is Like Without Asset Cap"
Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. The Company provides banking, investment and mortgage products and services, through banking locations and offices, the Internet and other distribution channels to individuals, businesses and institutions in states, the District of Columbia and in countries outside the United States. The Company provides consumer financial products and services including checking and savings accounts, credit and debit cards, and auto, mortgage and home equity, and small business lending. It provides other offer financial planning, private banking, investment management, and fiduciary services. The Company also provides financial solutions to businesses through products and services including traditional commercial loans and lines of credit, letters of credit, asset-based lending, trade financing, treasury management, and investment banking services.
420 Montgomery St
SAN FRANCISCO, CA
Charles H. Noski
Independent Chairman of the Board
Charles W. Scharf
President, Chief Executive Officer, Director
Michael P. Santomassimo
Chief Financial Officer, Senior Executive Vice President
William M. Daley
Vice Chairman of Public Affairs
Scott E. Powell
Chief Operating Officer, Senior Executive Vice President
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Wells Fargo & Co's U.S. staff working from home will begin returning to office from Sept. 7 and the process will continue through October, Chief Operating Officer Scott Powell told employees on Friday.
(This Jul.14 story corrects quote in paragraph 13 to show Wells Fargo CFO was comparing current consumer spending to 2019, not 2018 as previously stated)
Wells Fargo & Co's Chief Executive Officer Charlie Scharf said the bank was not yet planning for the end of a damaging asset cap imposed by regulators after it smashed Wall Street estimates for second-quarter earnings.
* CEO CHARLES SCHARF SAYS "REGARDING OUR WORK ON CONSENT ORDERS AND OTHER REGULATORY REQUIREMENTS, THE WORK REMAINING IS SIGNIFICANT"- CONF CALL
Wells Fargo & Co swung to a profit in the second quarter, the bank said on Wednesday, as it released funds set aside to cover soured loans, while costs tied to its years-old sales practices scandal stabilized.
An attorney for Illinois' Cook County urged a federal judge on Thursday to order Wells Fargo to turn over information its lawyers used to assess the bank's compliance with fair lending laws, saying the data was "crucial" to its lawsuit accusing the bank of predatory lending.
Wells Fargo & Co is shutting down all existing personal lines of credit and is not offering the consumer lending product anymore, CNBC reported on Thursday, citing letters from the bank.
Wells Fargo & Co said on Thursday it appointed veteran Nipul Patel to lead real estate banking, effective July 15.
Morgan Stanley, JPMorgan, Bank of America, Goldman Sachs and Wells Fargo said on Monday they were hiking their capital payouts after the U.S. Federal Reserve gave them a clean bill of health following their annual "stress tests" last week.
Wells Fargo & Co said on Monday it planned to repurchase $18 billion worth of shares for the period between the third quarter of 2021 and the second quarter of 2022.
JPMorgan Chase & Co will give its U.S. employees one floating day off for the newly implemented Juneteenth federal holiday, according to an internal memo seen by Reuters.
Wells Fargo & Co Chief Financial Officer Mike Santomassimo said on Tuesday that the bank is standing by its previous guidance that net interest income for 2021 will be flat-to-down 4% from the annualized level seen in last year's fourth quarter.
JPMorgan Chase & Co on Monday launched a new division in its asset management business that will give institutional and high-net-worth clients opportunities to invest in and lend to young, fast-growing companies.
JPMorgan Chase & Co on Monday appointed Christopher Dawe and Osei Van Horne, executives of Goldman Sachs Group Inc and Wells Fargo & Co, respectively, as managing partners to lead its new growth equity platform. (Reporting by Sohini Podder in Bengaluru; Editing by Amy Caren...
The heads of major U.S. retail banks faced renewed criticism Thursday from Democratic lawmakers who said financial institutions should not have charged Americans billions of dollars in overdraft and other fees during the pandemic.
Wells Fargo & Co said on Monday consumer finance veteran Ulrike Guigui will become the head of payments strategy at the bank, starting June 1.
Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment that had been among his most successful before the bank was felled by scandals for mistreating customers. In a regulatory filing...
A former Wells Fargo employee can proceed with a potential class action accusing the lender of violating ERISA by shortchanging its own 401(k) plan participants by steering their investments into the bank’s proprietary or affiliated investment vehicles, even though lower-cost...
Wells Fargo and Co. is facing a new probe from the U.S. consumer watchdog over how it disclosed and assessed monthly fees on certain consumer bank accounts in 2016, the bank disclosed in a regulatory filing on Thursday.
The U.S. Supreme Court on Monday rebuffed a bid by current and former employees of Wells Fargo & Co to revive a lawsuit over losses to their retirement plan following a scandal over fake accounts that rattled the bank in 2016 and led to billions of dollars in fines and penalties...
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