Wells Fargo

Flint out at HSBC; Bair: Keep Congress out of CECL

08/05/19

The CEO's tenure lasted just 18 months; the former FDIC chair says having Congress more involved in setting accounting standards "could well backfire on the banks."

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Wells Fargo creates new roles in latest effort to satisfy regulators

07/31/19

The San Francisco bank is moving two executives into new positions who will report to consumer banking head Mary Mack.

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Powell hints Fed will take bigger role in real-time payments

07/31/19

“It wouldn't be unusual” for the Federal Reserve to work alongside private-sector operators in the creation of a U.S. real-time payments system, its chairman said.

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Wellness app inspires KeyBank effort to make branches more relevant

07/30/19

Building off the popularity of its personal financial management tool, HelloWallet, the Cleveland bank is now offering in-person financial checkups as a way to deepen customer relationships.

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Regulators publish 'living will' portions for largest banks

07/23/19

The eight "systemically important" banks currently file resolution plans annually, but a pending proposal would require them every two years.

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Who says bank advisers can't get along with robos?

07/19/19

Lenders have learned that automated wealth management tools enhance financial advisers' interaction with clients and can bring in more business.

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Wells Fargo sued for denying loan to Dreamer

07/17/19

The claim of alleged discrimination over immigration status is the latest legal headache for Wells Fargo.

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Despite cuts, Wells Fargo is still spending too much

07/16/19

The bank has been slashing expenses, but executives acknowledged they remain high. Between having to hire thousands of compliance employees and waiting on the next CEO to be named, investments in new technology or other long-term growth are limited.

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Wells Fargo’s Parker downplays notion he'll get CEO job permanently

07/16/19

The interim CEO told analysts Tuesday that the company remains committed to hiring an outsider who isn't connected to its scandals of recent years.

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Wells Fargo's revenue holds steady as its margin narrows

07/16/19

The bank's net interest income fell to its lowest point in three years, and total revenue fell short of analysts' expectations.

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