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Wells Fargo & Co Says David Galloreese, Head Of Human Resources, Will Leave Co On April 23, To Take A Role Outside Company
Wells Fargo Expects To Have Further Reserve Releases If Economic Trends Continue - Conf Call
Wells Fargo & Co Posts Qtrly Pre-Tax Pre-Provision Profit $4,074 Million Versus $4,669 Million
Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial. It provides retail, commercial and corporate banking services through banking locations and offices, the Internet and other distribution channels to individuals, businesses and institutions in all 50 states, the District of Columbia and in other countries. It provides other financial services through its subsidiaries engaged in various businesses, including wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing services, investment advisory services, mortgage-backed securities servicing and venture capital investment.
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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Wall Street indexes closed mixed on Wednesday, with the Nasdaq Composite and S&P 500 falling despite another record intraday high for the latter and big banks' stellar results on the first day of earnings season.
* Coinbase soars on Nasdaq listing (Adds comments, details, updates to afternoon)
Wells Fargo & Co beat Wall Street profit expectations on Wednesday as it reduced bad loan provisions and reined-in costs, signaling the bank may finally be emerging from a sales practices scandal that has dogged it for nearly five years.
Wells Fargo & Co reported a strong rebound in first-quarter profit on Wednesday as the bank set aside less money to cover soured loans.
The 9th U.S. Circuit Court of Appeals held on Thursday in a case involving Wells Fargo & Co that forum-selection clauses in retirement plans do not bar the "ready access to the federal courts" guaranteed to workers by the law governing employee benefits.
Wells Fargo & Co said on Tuesday it plans to start bringing workers back to its offices after Labor Day due to the increasing availability of vaccines.
Wells Fargo & Co plans to start bringing employees back to its offices after Labor Day due to the increasing availability of vaccines, the Wall Street Journal reported on Tuesday.
Wells Fargo & Co said on Tuesday it had a prime brokerage relationship with Archegos Capital and it did not experience any losses related to the closing of its exposure.
Wells Fargo & Co said on Tuesday it had a prime brokerage relationship with Archegos Capital and that it no longer had any exposure and did not experience any losses.
Wells Fargo & Co's possible involvement in the Archegos Capital fallout comes as a surprise and could risk increased regulatory scrutiny or delay its asset cap being lifted, J.P. Morgan research analysts said on Tuesday.
Wells Fargo & Co recommended shareholders vote against a proposal asking the bank to conduct a racial equity audit, citing a comprehensive assessment on human rights issues already underway at the bank.
Wells Fargo & Co said on Thursday it will give all employees up to 8 hours of paid time off to accommodate COVID-19 vaccine appointments, according to a memo seen by Reuters.
Wells Fargo & Co said on Tuesday it had agreed to sell its asset management business, which manages more than $603 billion on behalf of customers, to private equity firms GTCR LLC and Reverence Capital Partners for $2.1 billion.
Wells Fargo & Co said on Tuesday it had agreed to sell its asset management business, which manages more than $603 billion on behalf of customers, to private equity firms GTCR LLC and Reverence Capital Partners for $2.1 billion. (Reporting by Noor Zainab Hussain in Bengaluru...
Fed officials have privately signaled to Wells Fargo & Co that they have accepted its proposal for overhauling risk management and governance, Bloomberg News reported https://bit.ly/37nGqHq on Wednesday, citing people with knowledge of the matter.
Fed officials have privately signaled to Wells Fargo & Co that they have accepted its proposal for overhauling risk management and governance, Bloomberg News reported, citing people with knowledge of the matter.
Wells Fargo & Co Chief Executive Officer Charles Scharf's annual pay fell by about $3 million, or 12%, in 2020, a regulatory filing showed on Friday.
Wells Fargo & Co posted a small rise in quarterly profit on Friday that beat Wall Street estimates, as stabilizing credit costs helped buffer historic near-zero interest rates meant to prop up the ailing economy during the COVID-19 pandemic.
Wells Fargo & Co reported a higher quarterly profit on Friday, as stabilizing credit costs helped offset the hit from low-interest rates meant to prop up the ailing economy during the COVID-19 pandemic.
Wells Fargo & Co is in exclusive talks to sell its asset management business, which manages more than $607 billion on behalf of customers, to a private equity consortium led by GTCR LLC and Reverence Capital Partners LP, according to people familiar with the matter.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.