Wells Fargo

Consumers pounce on 4% mortgages; What’s in a name?

06/13/19

Lenders should get a boost from refinances and purchase loans; BB&T and SunTrust Banks’ name choice questioned.

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Momentum builds for Wells Fargo to remove CEO Parker's 'interim' tag

06/12/19

With several top candidates reportedly turning down the job, some insiders are reportedly lobbying the board to appoint C. Allen Parker as the bank's next CEO.

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An upside for banks in trade wars; window closing for regulatory rollbacks?

06/10/19

Despite tension between the U.S. and trading partners, bank are doing booming business in financing cross-border commerce; some Republican lawmakers are getting antsy at the pace of rollbacks for bank regulations, and are pushing regulators for a sense of urgency.

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First failure since ’17, BB&T’s retention play, demise of JPMorgan’s Finn: Top stories of the week

06/07/19

The Enloe State Bank in Texas becomes the first bank to fail in 17 months; BB&T dangles promise of bonus payments to top executives if they stay; where JPMorgan Chase’s Finn experiment went wrong; and more from this week’s most-read stories.

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Wells Fargo to pay $385 million to settle auto insurance scam

06/07/19

The bank was accused of forcing borrowers to pay for insurance they did not need, pushing almost 250,000 of them into delinquency, according to a 2017 lawsuit.

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Where did JPMorgan Chase's Finn experiment go wrong?

06/06/19

The bank launched Finn in an effort to attract millennials. But there were problems with how it implemented the digital-only brand, experts said.

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JPMorgan to shutter Finn and shift customers to Chase Mobile

06/06/19

A year after launching the digital bank, JPMorgan Chase has concluded that the millennials it targeted don't need a separate brand.

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Wells mulls making interim CEO permanent; Emanuel joins boutique bank

06/06/19

The bank is having trouble finding an outsider and acting chief Allen Parker has impressed the board; the former Chicago mayor will join Centerview Partners.

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Wells Fargo tilts philanthropic focus to affordable housing

06/05/19

The bank has hired Brandee McHale away from Citigroup to head its charitable foundation and implement a new strategy that will place a greater emphasis on rental housing and combating homelessness.

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Wells Fargo names leaders of restructured commercial banking group

06/04/19

Five executives were appointed to new roles within the revamped business unit that houses business banking, government and institutional banking and middle-market banking. All will report to commercial banking head Kyle Hranicky.

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