Wells Fargo

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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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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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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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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Wells names new chief auditor to replace executive placed on leave

02/06/19

A former audit executive at Citi and Amex, Julie Scammahorn is replacing David Julian, who remains on administrative leave. She will join the bank in April.

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U.S. banks won $21 billion tax windfall then cut staff, lent less

02/06/19

Major U.S. banks shaved about $21 billion from their tax bills last year — almost double the IRS’s annual budget — as the industry benefited more than many others from the Republican tax overhaul.

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Goldman may withhold executive pay; Deutsche-Trump dealings eyed

02/04/19

The bank said it will hold back bonuses to its former CEO and others as it probes the 1MDB scandal; the House is looking into the bank’s loans to Trump's firm.

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Banks' marketing blitz, Wells' penance, brokered deposits: Top stories of the week

02/01/19

Banks spend heavily on marketing to win deposits, push digital; Wells Fargo bends to critics in its latest response to scandals; FDIC review of brokered deposits has big implications for branches; and more from this week's most-read stories.

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