News Topic: Wells Fargo

Wells Fargo streamlines Western unit, shifts executives as post-scandal overhaul continues; Goldman Sachs gets grief for "cynical" purchase of Venezuelan bonds at deep discount. ... Read full article

Today’s primitive question-and-answer programs will mature into sophisticated conversational agents, which will help customers transact and may even be capable of understanding emotional cues, experts say. ... Read full article

The price of bitcoin continues to rise in volatile trading; Wells Fargo, still reeling from its phony accounts scandal, is boosting signing bonuses for brokers just as competitors decrease theirs. ... Read full article

Free-market advocates believe that consumers discipline wayward companies better than the government by eschewing their offerings, but switching products is not the same as punishing malefactors. ... Read full article

Brian Moynihan won praise from the Wells Fargo CEO for his handling of subprime, legal and other post-crisis issues during his first years as Bank of America's top executive. ... Read full article

Automated teller machines have come a long way since Barclays rolled out the world’s first ATM at a branch in north London 50 years ago. Here’s a look at some of the milestone moments and key innovations in ATM technology over the past five decades. ... Read full article

Wells Fargo is expanding its fintech accelerator so it is better positioned to connect with customers through channels like the internet of things. ... Read full article

Both sides of Wells Fargo's $142 million settlement over its fake-accounts scandal made last-ditch efforts to salvage the class-action pact after a federal judge voiced misgivings about some of its terms. ... Read full article

Bradley Linskens, the former top examiner of Wells Fargo at the Office of the Comptroller of the Currency, sued the agency Tuesday over records requests he had made related to his removal earlier this year. ... Read full article

In March 1998, American Banker reported plans by Norwest Corp. to establish sales quotes and step up cross-selling. Three months later, the Minneapolis bank merged with Wells Fargo. ... Read full article

Consumer debt breaks the previous mark set back in 2008, but some are worried that people are returning to their profligate ways; Wells Fargo makes greater use of consumer surveys to fix its brand. ... Read full article

The city joins a growing list of municipalities that have filed similar lawsuits, just two weeks after the Supreme Court ruled that municipalities have standing to sue lenders under the Fair Housing Act. ... Read full article

Wells Fargo may have opened as many as 3.5 million fraudulent accounts in the last 15 years, according to consumers who are trying to beef up a settlement with the bank over abusive sales practices. ... Read full article

Executives at the embattled bank made clear Thursday that they are not discarding its long-standing strategy of selling additional products to existing customers. ... Read full article

The good news: SBA lending is going gangbusters and business owners are optimistic about growth prospects and their ability to access credit. The not-so-good news: Many firms are still not particularly interested in borrowing and startups are not the ... Read full article

Wells said slowing loan growth had hurt its aggressive efforts to lower its efficiency ratio, so it is doubling the expenses it aims to cut by 2019. ... Read full article

Through the bank’s new API, small-business customers can feed their bank data into Xero’s cloud accounting technology. ... Read full article

Wells Fargo is weighing a sale of its insurance brokerage business, which could fetch about $2 billion, people familiar with the matter said. ... Read full article