Wells Fargo

BB&T-SunTrust moniker mystery, Dimon's Wells blast, big banks and APIs: Top stories of the week

05/31/19

Suspense builds on what the new name of merged BB&T-SunTrust will be; JPMorgan Chase CEO Jamie Dimon says Wells Fargo 'irresponsible' for lack of CEO plan; how APIs are being used at Citi, BBVA and other leading banks; and more from this week's most-read stories.

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Wells Fargo in talks to scratch one scandal off next CEO's list

05/31/19

Wells Fargo is in negotiations to settle a U.S. probe into procurement of low-income housing tax credits as its top lawyer tries to clean up issues before handing off the chief executive officer role.

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A less defensive posture from Wells Fargo's interim CEO

05/30/19

In stark contrast to his predecessor, C. Allen Parker said Thursday he accepts regulators' criticism and suggested that the bank may struggle to achieve revenue growth until it moves past its regulatory woes.

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JPMorgan agrees to $5 million settlement in parental leave case

05/30/19

The payout resolves a 2017 complaint filed by a male employee who alleged the bank’s parental leave policy was biased against dads.

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What is the 'branch of the future'?

05/29/19

Branches are closing at the fastest pace in years, and keeping them relevant to customers is a problem banks are being forced to solve in ever more creative ways.

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Wells Fargo expands board, mulls changes to auto loan pricing

05/29/19

The scandal-plagued bank announced Wednesday that it is adding a board member with deep experience in accounting. It is also considering a switch to flat pricing in indirect auto lending, a change long favored by consumer advocates.

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BofA’s ROI on AI: 7 million Erica users, and counting

05/29/19

A year after it debuted, Bank of America's virtual assistant now counts some 150,000 users per week. It's one of the only large institutions pushing such technology.

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Wells Fargo snags tech executives from JPMorgan, WarnerMedia

05/28/19

Steve Hagerman, who was responsible for the first mortgage platform at JPMorgan Chase, will be head of consumer lending technology at Wells. It also named Gary Owen, a veteran of WarneMedia, Promontory Financial and Citi, its chief information security officer.

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Wells Fargo ‘irresponsible’: Dimon blasts rival on lack of CEO plan

05/28/19

The JPMorgan chief executive said he couldn't understand why Wells Fargo could have CEO Tim Sloan step down without a successor ready to go.

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Dimon calls Wells Fargo's lack of CEO plan 'irresponsible'

05/28/19

One of Wells Fargo's biggest competitors isn't impressed with the bank's leadership transition.

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