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Wells Fargo & Co (WFC)

WFC on New York Consolidated

59.87USD
15 Dec 2017
Change (% chg)

$0.65 (+1.10%)
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$59.22
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Volume
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Latest Key Developments (Source: Significant Developments)

Wells Fargo Says ‍Recorded Pre-Tax Gain Of About $845 Mln Upon Close Of Wells Fargo Insurance Services USA Sale To USI Insurance Services​
Monday, 4 Dec 2017 07:57am EST 

Dec 4 (Reuters) - Wells Fargo & Co ::WELLS FARGO SAYS ‍RECORDED PRE-TAX GAIN OF ABOUT $845 MILLION UPON CLOSE OF WELLS FARGO INSURANCE SERVICES USA SALE TO USI INSURANCE SERVICES​ - SEC FILING.  Full Article

Wells Fargo To Exit Personal Insurance Business
Tuesday, 28 Nov 2017 04:16pm EST 

Nov 28 (Reuters) - Wells Fargo & Co ::WELLS FARGO TO EXIT PERSONAL INSURANCE BUSINESS.- IT WILL EXIT PERSONAL INSURANCE BUSINESS AND IMMEDIATELY BEGIN WINDING DOWN MARKETING AND PRODUCT PROMOTION ACTIVITY.‍DECISION COMES AFTER A STRATEGIC ASSESSMENT OF BUSINESS, WHICH BEGAN IN EARLY OCTOBER 2017​.- ‍DECISION TO EXIT PERSONAL INSURANCE BUSINESS DOES NOT IMPACT WELLS FARGO'S WEALTH & INVESTMENT MANAGEMENT'S LIFE INSURANCE PRACTICE​.WELLS FARGO - PERSONAL INSURANCE BUSINESS IS LAST INSURANCE BROKERAGE AGENCY IN CO'S PORTFOLIO, AND ITS FINANCIAL CONTRIBUTION WAS NOT MATERIAL.  Full Article

Wells Fargo says Consumer Lending head Franklin Codel dismissed
Friday, 17 Nov 2017 08:00am EST 

Nov 17 (Reuters) - Wells Fargo & Co :Wells Fargo & Co - Franklin Codel, a senior executive vice president and head of its Consumer Lending organization, has been dismissed.Wells Fargo & Co - expects to announce a permanent successor to head consumer lending by end of year​.Wells Fargo & Co - ‍in interim, heads of group's four main lines of business will report to Tim Sloan​.Wells Fargo- dismissal was result of Codel's acting in "manner that was contrary" to co's policies during communication he had with former team member​.Wells Fargo - ‍reasons for dismissal did not involve business/ operations of Consumer Lending, servicing of customers/ performance or financial results​.  Full Article

Wells Fargo introduces new feature to automatically "rewind" overdrafts that are assessed on customers' accounts at a vulnerable time​
Tuesday, 14 Nov 2017 09:00am EST 

Nov 14 (Reuters) - Wells Fargo & Co :Wells Fargo & Co - introduced a new feature that will automatically "rewind" overdrafts that are assessed on customers' accounts at a vulnerable time​.Wells Fargo - will not charge overdraft/ insufficient funds fees if covering direct deposit is received morning after account is overdrawn for new feature​.Wells Fargo & Co - ‍also announced that it will no longer charge overdraft fees for any transaction of $5 or less​.Wells Fargo & Co - ‍automatic feature "rewinds" overdrafts when a covering direct deposit is received next morning​.  Full Article

‍Wells Fargo Securities names John Hudson, Kristin Lesher co-heads of investment banking coverage
Monday, 13 Nov 2017 09:02am EST 

Nov 13 (Reuters) - Wells Fargo & Co :‍Wells Fargo Securities - announced John Hudson & Kristin Lesher have been named new co-heads of investment banking coverage, effective immediately​.  Full Article

Hub International signs purchase agreement to acquire Wells Fargo Insurance's crop business
Thursday, 9 Nov 2017 09:00am EST 

Nov 9 (Reuters) - Wells Fargo & Co :Hub International signs purchase agreement to acquire Wells Fargo Insurance's crop business.Hub International says terms of agreement were not disclosed​.‍Hub International says following acquisition, Wells Fargo crop team members will join Hub Mountain​.  Full Article

Stratford Shields joins Wells Fargo as head of public finance
Wednesday, 8 Nov 2017 08:00am EST 

Nov 8 (Reuters) - Wells Fargo & Co :Stratford shields joins wells fargo as head of public finance.Wells fargo securities says ‍stratford shields has been named managing director and head of public finance, effective immediately ​.  Full Article

Wells Fargo signs data exchange deals with Expensify, PointServ
Monday, 6 Nov 2017 12:35pm EST 

Nov 6 (Reuters) - Wells Fargo & Co ::Wells Fargo signs two data exchange deals with Expensify, PointServ.Expensify agreement to make it easier for company's credit-card holders who use Expensify to report monthly business expenses​.  Full Article

Wells Fargo announces new mobile banking App
Thursday, 2 Nov 2017 10:32am EDT 

Nov 2 (Reuters) - Wells Fargo & Co ::Wells Fargo & Co ‍announces Greenhouse by Wells Fargo, a new mobile banking app.  Full Article

Wells Fargo: employees associated with forex transaction issue no longer with co
Friday, 27 Oct 2017 12:24pm EDT 

Oct 27 (Reuters) - :Wells Fargo learned of an issue associated with a foreign exchange transaction for a single client - Wells Fargo spokeswoman.Foreign exchange transaction was reviewed, and Wells Fargo took steps to hold accountable individuals who were involved - Wells Fargo spokeswoman.The departure of employees was not related to issues involving market collusion, front running, or market manipulation - Wells Fargo spokeswoman.  Full Article

Fed's Quarles to recuse himself from Wells Fargo matters

WASHINGTON Randal Quarles, the top Federal Reserve official tasked with policing Wall Street, said on Friday that he would recuse himself from any matters concerning Wells Fargo & Co, the nation's third largest bank.