Wells Fargo

Three more former Wells Fargo execs settle civil charges

09/21/20

Matthew Raphaelson, Kenneth Zimmerman and Tracy Kidd, all of whom were senior executives in the company’s consumer banking unit, have agreed to pay six-figure fines in connection with Wells Fargo’s unauthorized account scandal.

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‘Flat to slightly down’: 3Q loan demand disappoints

09/17/20

Banks reported decent loan growth in the spring and early summer as businesses rushed to draw down credit lines and tap the Paycheck Protection Program. But demand has been muted since, and bankers can only guess when it will pick back up.

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JPMorgan, BofA cut interest-income outlook amid jump in trading

09/15/20

The two biggest U.S. banks trimmed expectations for net interest income as low rates and tepid loan growth weigh on revenue.

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Bank safety measures evolve well beyond hand sanitizer

09/15/20

Banks are augmenting their use of masks, distance markers and the like with apps to notify employees of exposure to infected individuals and technology meant to make branch visits safer.

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Wells Fargo provides few updates on growth, cost-cutting plans

09/14/20

The company's outgoing CFO discussed ways the asset cap is stunting growth, but provided no updates at an industry conference on when the restriction might be lifted or the types of jobs it will cut.

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How Colleen Taylor created new rungs in her long payments career

09/10/20

In her steady advance up the payments industry career ladder, Colleen Taylor has pursued a consistent theme of taking on challenging roles at pivotal moments, which has propelled her trajectory.

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BofA's digital dominance, Wells' COVID competence, PPP nightmare: Top stories of the week

09/04/20

How Bank of America plans to stay ahead of the pack in digital banking; Wells Fargo gets top marks for COVID-19 safety; PPP lenders nearing $10B asset mark fear regulatory ordeal; and more from this week’s most-read stories.

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Fed corrects stress test error for Morgan Stanley, Goldman Sachs

09/04/20

The central bank said it had miscalculated the loss rates for certain public welfare investments, which led to incorrect capital requirements for the two companies.

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Wells Fargo offers new account with no minimum balances or overdrafts

09/01/20

The bank said the account is geared to consumers who want better control over their spending or are new to banking.

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How regional banks edged out larger rivals in reputation rankings

08/31/20

The results of the American Banker/RepTrak Survey of Bank Reputations underscore the importance of communicating in a crisis.

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