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Wells Fargo & Co (WFC.N)

WFC.N on New York Stock Exchange

58.07USD
14 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Wells Fargo Is Exploring A Sale Of Its Eastdil Secured Real-Estate Division - WSJ
Thursday, 26 Jul 2018 12:00pm EDT 

July 26 (Reuters) - :WELLS FARGO IS EXPLORING A SALE OF ITS EASTDIL SECURED REAL-ESTATE DIVISION - WSJ, CITING SOURCES.  Full Article

Wells Fargo Clears Servicemembers Civil Relief Act Consent Order
Tuesday, 24 Jul 2018 03:33pm EDT 

July 24 (Reuters) - Wells Fargo & Co ::WELLS FARGO CLEARS SCRA CONSENT ORDER.WELLS FARGO - COMPLETED REQUIREMENTS OF A SEPT. 2016 CONSENT ORDER WITH OCC RELATED TO COMPLIANCE WITH PROVISIONS OF SERVICE MEMBERS CIVIL RELIEF ACT.  Full Article

Wells Fargo In Process Of Refunding Tens Of Millions Of Dollars For Add-On Products Added To Customers' Accounts - WSJ
Thursday, 19 Jul 2018 10:20am EDT 

July 19 (Reuters) - :WELLS FARGO IS IN THE PROCESS OF REFUNDING TENS OF MILLIONS OF DOLLARS FOR ADD-ON PRODUCTS ADDED TO CUSTOMERS’ ACCOUNTS - WSJ, CITING SOURCES.  Full Article

Banco Popular Makes Regulatory Filing To Acquire Wells Fargo’S Auto Finance Business In Puerto Rico
Monday, 4 Jun 2018 05:32pm EDT 

June 4 (Reuters) - Popular Inc ::BANCO POPULAR MAKES REGULATORY FILING TO ACQUIRE WELLS FARGO’S AUTO FINANCE BUSINESS IN PUERTO RICO.POPULAR INC - NOW ANTICIPATE THAT TRANSACTION RELATED TO WELLS FARGO'S AUTO FINANCE BUSINESS IN PUERTO RICO WILL CLOSE DURING Q3 OF 2018.  Full Article

Wells Fargo Employees Altered Information On Business Customers' Documents- WSJ
Thursday, 17 May 2018 09:33am EDT 

May 17 (Reuters) - :WELLS FARGO EMPLOYEES ALTERED INFORMATION ON BUSINESS CUSTOMERS' DOCUMENTS- WSJ, CITING SOURCES.EMPLOYEES IN WELLS FARGO'S "WHOLESALE UNIT", WHICH IS SEPARATE FROM ITS RETAIL BANK, ADDED OR ALTERED INFORMATION WITHOUT CUSTOMERS' KNOWLEDGE - WSJ.  Full Article

Gibraltar Business Capital Joins Hercules Capital As New Portfolio Company
Monday, 5 Mar 2018 12:17pm EST 

March 5 (Reuters) - Gibraltar Business Capital::GIBRALTAR BUSINESS CAPITAL JOINS HERCULES CAPITAL AS NEW PORTFOLIO COMPANY.SAYS WILL CONTINUE TO OPERATE AS INDEPENDENT SENIOR SECURED ASSET-BASED LENDER & REMAIN AT HEADQUARTERS IN NORTHBROOK.  Full Article

Wells Fargo Says Longest Serving Directors To Retire
Thursday, 1 Mar 2018 05:59pm EST 

March 1 (Reuters) - Wells Fargo & Co ::WELLS FARGO & CO - JOHN CHEN, LLOYD DEAN, ENRIQUE HERNANDEZ JR, & FEDERICO PEÑA HAVE DECIDED TO RETIRE AT CO'S 2018 ANNUAL MEETING OF SHAREHOLDERS.WELLS FARGO & CO - ‍BOARD WILL NOMINATE 12 OF ITS CURRENT DIRECTORS FOR ELECTION AT COMPANY'S ANNUAL MEETING​.  Full Article

Wells Fargo Reviews Activities In Wealth & Investment Management Business
Thursday, 1 Mar 2018 02:00pm EST 

March 1 (Reuters) - Wells Fargo & Co ::WELLS FARGO- HIGH END OF RANGE OF REASONABLY POSSIBLE POTENTIAL LOSSES IN EXCESS OF ACCRUAL FOR PROBABLE AND ESTIMABLE LOSSES WAS ABOUT $2.7 BILLION AS OF DEC 31, 2017.WELLS FARGO - UNABLE TO DETERMINE WHETHER RESOLUTION OF MORTGAGE REGULATORY INVESTIGATIONS/ SALES PRACTICES MATTERS TO HAVE ADVERSE EFFECT ON FINANCIAL CONDITION‍​‍​.WELLS FARGO - REVIEW OF SOME ACTIVITIES IN WEALTH & INVESTMENT MANAGEMENT BEING CONDUCTED BY BOARD, IN RESPONSE TO INQUIRIES FROM FEDERAL GOVERNMENT AGENCIES‍​.WELLS FARGO - BOARD REVIEW ASSESSING IF THERE HAVE BEEN INAPPROPRIATE REFERRALS/ RECOMMENDATIONS IN WIM, INCLUDING ROLLOVERS FOR 401(K) PLAN PARTICIPANTS.WELLS FARGO - BOARD REVIEW ALSO ASSESSING IF THERE HAVE BEEN INAPPROPRIATE REFERRALS/ RECOMMENDATIONS IN WIM, INCLUDING CERTAIN ALTERNATIVE INVESTMENTS‍​.WELLS FARGO - REVIEW ASSESSING IF INAPPROPRIATE REFERRALS IN WIM, INCLUDING REFERRALS OF BROKERAGE CUSTOMERS TO INVESTMENT, FIDUCIARY, SERVICES UNIT.WELLS FARGO SAYS THE BOARD REVIEW OF ACTIVITIES WITHIN WEALTH AND INVESTMENT MANAGEMENT IS IN ITS PRELIMINARY STAGES - SEC FILING‍​.WELLS FARGO & CO - THE COMPANY IS REVIEWING POLICIES, PRACTICES, AND PROCEDURES IN ITS FOREIGN EXCHANGE BUSINESS‍​.WELLS FARGO & CO - CO IS ALSO RESPONDING TO INQUIRIES FROM GOVERNMENT AGENCIES IN CONNECTION WITH THEIR REVIEWS OF CERTAIN ASPECTS OF FX BUSINESS‍​.  Full Article

Popular Has Agreed To Acquire Wells Fargo’S Auto Finance Business In Puerto Rico
Wednesday, 14 Feb 2018 04:04pm EST 

Feb 14 (Reuters) - Popular Inc ::POPULAR HAS AGREED TO ACQUIRE WELLS FARGO’S AUTO FINANCE BUSINESS IN PUERTO RICO.POPULAR INC - PURCHASE PRICE FOR ALL-CASH TRANSACTION IS EXPECTED TO BE APPROXIMATELY $1.7 BILLION.POPULAR INC - PURCHASE PRICE FOR ALL-CASH TRANSACTION IS EXPECTED TO BE APPROXIMATELY $1.7 BILLION.POPULAR INC - ‍AS PART OF TRANSACTION, BANCO POPULAR WILL ACQUIRE APPROXIMATELY $1.5 BILLION IN RETAIL AUTO LOANS AND $340 MILLION IN COMMERCIAL LOANS​.POPULAR INC - ‍BANCO POPULAR WILL ALSO ACQUIRE CERTAIN OTHER ASSETS AND ASSUME CERTAIN LIABILITIES OF RELIABLE​.POPULAR INC - BANCO POPULAR WILL FUND PURCHASE PRICE WITH EXISTING LIQUIDITY.POPULAR INC - ‍POPULAR ANTICIPATES TRANSACTION TO CLOSE DURING Q2 OF 2018 AND BE ACCRETIVE TO EARNINGS​.  Full Article

S&P Downgrades Wells Fargo To 'A-/A-2' From 'A/A-1'
Wednesday, 7 Feb 2018 12:06pm EST 

Feb 7 (Reuters) - S&P::SAYS WELLS FARGO DOWNGRADED TO 'A-/A-2' FROM 'A/A-1' ON PROLONGED REGULATORY AND GOVERNANCE ISSUES; OUTLOOK IS STABLE.SAYS STABLE OUTLOOK ASSUMES WELLS FARGO WILL MEET REGULATORY CONSENT ORDER REQUIREMENTS, MAINTAIN SOLID MARKET SHARES IN MAJOR BUSINESSES.  Full Article

8th Circuit rules for Wells Fargo in age discrimination lawsuit

A federal appeals court has declined to revive a proposed class action accusing Wells Fargo of firing workers with criminal convictions instead of helping them get waivers from federal laws barring their employment, saying the practice disproportionately hurt older individuals.