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Wells Fargo & Co (WFC)

WFC on New York Consolidated

45.25USD
19 Aug 2019
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Fri, Aug 2 2019

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Wells Fargo boosts estimate for possible legal reserve shortfall to $3.9 billion

NEW YORK Wells Fargo & Co said on Friday that it boosted its estimate for a possible legal reserve shortfall to $3.9 billion for the quarter ending June 30, from $3.1 billion earlier this year, according to a regulatory filing.

Wells Fargo boosts estimate for possible legal reserve shortfall to $3.9 billion

NEW YORK, Aug 2 Wells Fargo & Co said on Friday that it boosted its estimate for a possible legal reserve shortfall to $3.9 billion for the quarter ending June 30, from $3.1 billion earlier this year, according to a regulatory filing.

MOVES- Wells Fargo, Amazon, Instinet

Aug 1 The following financial services industry appointments were announced on Thursday. To inform us of other job changes, email moves@thomsonreuters.com.

11th Circuit tosses Florida city's mortgage bias lawsuit against Wells Fargo

A federal appeals court has rejected a bid by Miami Gardens to revive a lawsuit accusing Wells Fargo of mortgage discrimination, saying the Florida city did not offer evidence that it was injured by the bank's lending practices.

MOVES-Wells Fargo creates new role to focus on customer remediation and satisfaction

July 31 Wells Fargo & Co said on Wednesday it has created a new role dedicated to consumer satisfaction and remediation, as the San Francisco-based bank continues to work through fallout of a scandal that erupted nearly three years ago.

UPDATE 3-Major U.S. banks lower benchmark interest rates following Fed rate cut

NEW YORK, July 31 Major U.S. banks lowered their benchmark rates for a wide range of consumer and commercial loans on Wednesday, following a rate cut from the Federal Reserve.

MOVES- JPMorgan Chase, Wells Fargo, National Australia Bank

July 25 The following financial services industry appointments were announced on Thursday. To inform us of other job changes, email moves@thomsonreuters.com.

Wells Fargo hires Comerica's Julia Wellborn to lead private bank

Wells Fargo & Co said on Wednesday Julia Wellborn will become the head of Private Wealth Management, ending a months-long search for a leader following the retirement of Jay Welker last year.

MOVES-Wells Fargo hires Comerica's Julia Wellborn to lead private bank

July 24 Wells Fargo & Co said on Wednesday Julia Wellborn will become the head of Private Wealth Management, ending a months-long search for a leader following the retirement of Jay Welker last year.

Lawsuit alleges Wells Fargo denies auto loans to DACA recipients

An Illinois man who says he was denied an auto loan from Wells Fargo because he is in the country under the Deferred Action for Childhood Arrivals (DACA) program has filed a proposed class action against the bank alleging discriminatory loan practices.

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