Wells Fargo

Wells' tech snafu, BB&T-SunTrust cont'd., JPM Coin: Top stories of the week

02/15/19

Flaws in testing may be real source of Wells Fargo's tech failure; BB&T-SunTrust deal throws talent and deposits up for grabs, threatens banking's middle tier; what JPMorgan Chase's JPM Coin means for Ripple and Swift; and more from this week's most-read stories.

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Thorn in banks’ side pushes for disclosure of raw pay-gap numbers

02/13/19

Arjuna Capital is filing shareholder proposals with 11 financial and tech companies to uncover median gender pay gaps, which it said would determine if more women are concentrated in lower-paying jobs.

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When your vendor's vendor has sloppy security

02/13/19

A security breach that left 24 million mortgage documents unprotected on a server is rekindling concerns about the risks posed by fourth parties.

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Quarles stresses vigilance; Morgan Stanley to buy stock plan business

02/11/19

The Fed vice chair says regulators need to be on the “cutting edge” at spotting vulnerabilities; firm looks to win over future millionaires.

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Flaws in testing may be real source of Wells Fargo's tech failure

02/08/19

The bank says it has restored access, but it hasn’t explained how a fire-suppression system at one facility could cause a nationwide outage across all of its channels, or how its system as a whole could have been left so vulnerable to the incident.

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BB&T-SunTrust, GSE reform's QM problem, Swift's Ripple response: Top stories of the week

02/08/19

Wide coverage of the mega-deal between BB&T and SunTrust; GSE reform, CFPB underwriting rule are on collision course; Swift showing more swagger in its rivalry with Ripple; and more from this week's most-read stories.

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Wells Fargo loan officers granted class action in Calif. pay dispute

02/08/19

A lawsuit alleging Wells Fargo improperly compensated its California-based mortgage loan officers could have broader ramifications now that it has been granted class certification.

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Chase, Wells, BofA to waive ATM fees for public-benefits recipients

02/08/19

The three large banks banks are joining a number of institutions in agreeing to eliminate fees for Californians who receive benefits via electronic transfer cards. Chase and BofA will also waiving the fees nationwide.

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Softbank in big fintech push; Analyzing BB&T-SunTrust deal

02/08/19

The company’s investment in a small business lender is said to be the biggest ever in Europe; the merger may raise questions from regulators, spur more mergers.

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Wells Fargo glitch causes widespread outage, leaves customers fuming

02/07/19

Customers reported being unable to access online banking, mobile banking or their debit cards.

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