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Dan Freed

Trump says fines against Wells Fargo could be increased

Dec 08 2017

WASHINGTON/NEW YORK President Donald Trump took aim at the third-largest U.S. bank on Friday, writing on Twitter that government fines and penalties against Wells Fargo & Co could be hiked amid an ongoing sales scandal. | Video

New York pension fund seeks more pay disclosure from Wells Fargo

Dec 07 2017

New York state Comptroller Thomas DiNapoli is asking Wells Fargo & Co to disclose more information about employee incentive pay, an issue that was at the heart of a scandal that has roiled the third-largest U.S. lender for more than a year.

New York pension fund seeks more pay disclosure from Wells Fargo

Dec 07 2017

Dec 7 New York State comptroller Thomas DiNapoli is asking Wells Fargo & Co to disclose more information about employee incentive pay, an issue that was at the heart of a scandal that has roiled the third-largest U.S. lender for more than a year.

Wells Fargo consumer lending head axed after disparaging regulators: source

Nov 17 2017

NEW YORK/WASHINGTON Wells Fargo & Co announced on Friday it fired its head of consumer lending, a move that people familiar with the matter said was because he disparaged a bank regulator to a fired employee.

Wells Fargo CFO says not worried about consumer credit

Nov 15 2017

Wells Fargo & Co's chief financial officer said on Wednesday he is not worried that consumers are struggling to pay their debts.

U.S. financial giants create consortium to vet third party suppliers

Nov 14 2017

Bank of America Corp , JPMorgan Chase & Co , Wells Fargo & Co and American Express Co , have created a company called TruSight to standardize the work of vetting third party suppliers and partners, according to an announcement Tuesday by the newly-formed consortium.

Bank of America executive: Volcker Rule fuels private trading firms' rise

Nov 14 2017

U.S. post-financial crisis rules that place strong trading restrictions on banks has fueled the rise of private trading firms that have grabbed market share, a top Bank of America Corp executive said on Tuesday.

Small banks oppose U.S. regulator offering olive branch to tech sector

Nov 10 2017

NEW YORK/WASHINGTON Small Main Street banks vowed on Wednesday to fight any review of a ban that prevents retailers such as Wal-Mart Stores Inc and tech companies like Amazon.com Inc from becoming fully fledged banks.

Wells Fargo targets post-boomer customers with robo-adviser

Nov 06 2017

Wells Fargo Inc on Monday launched a new robo-adviser to give first-time investors a low-cost option to invest, joining other financial firms in the hunt for tech-savvy customers looking to enter the markets.

Wells Fargo faces lawsuits over mortgage and auto loans

Nov 03 2017

Wells Fargo & Co is facing litigation over previously disclosed sales problems related to its auto lending and mortgage businesses, the bank disclosed in a regulatory filing on Friday.

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