Wells Fargo

Every day is a fire drill for bank cybersecurity teams

12/05/18

Since banks are under constant attack by hackers, the startup XM Cyber is offering them a simulator that seeks to do its virtual worst in order to prevent a real breach.

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'Banks controlled by politicians. What could go wrong?': Comments of the week

11/21/18

Readers react to trends in public banking, weigh potential changes for brokered deposits, consider oversight of foreign banks and more.

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Time to clean house at Wells Fargo

11/20/18

The megabank’s continued compliance problems suggest that all of its board members, along with 100 of its most senior managers, should be replaced to make way for real change.

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Updated GSE plan, CECL change, Wells layoffs: Top stories of the week

11/16/18

Moelis submits a revised Fannie/Freddie blueprint; FASB considering a plan to have banks break out charge-offs and recoveries on year-by-year basis; Wells Fargo layoffs begin with 1,000 jobs in mortgage and tech; and more from this week's most-read stories.

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Goldman Sachs' tough sell; survey sees rate hike and recession

11/16/18

Prosecutors are unlikely to buy Goldman's rogue banker defense, observers say; survey predicts recession within two years.

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Wells Fargo layoffs begin with 1,000 mortgage, tech jobs

11/15/18

Wells Fargo will lay off 1,000 workers primarily from its mortgage unit in the first major round of a previously announced plan to cut the bank's workforce by as much as 10% over the next three years.

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Buffett raises bets on big banks, adds stakes in JPMorgan, PNC

11/15/18

Berkshire Hathaway plowed $13 billion into bank stocks in the third quarter that included new investments in JPMorgan and PNC and additional investments in Bank of America and Goldman Sachs.

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Mary Meeker's audacious goal, Wells Fargo's gender drama and Goldman's new partners

11/14/18

Wells Fargo explains to the "girls" that there really is no gender bias, but that guy is retiring, OK? Rana Yared is one of Goldman Sachs' 18 new female partners. And Mary Meeker sets a huge target for the venture capital firm she'll create to invest in tech startups.

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Goldman on the hot seat; lending standards flat or easing

11/14/18

Will prosecutors believe a rogue banker was behind Malaysia fraud?; banks that changed standards in Q3 were more likely to ease underwriting.

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‘I lost my home because of a computer glitch’: Wells’ victims seek answers

11/13/18

The bank recently notified an upstate New York man that he was wrongly denied a mortgage modification, and enclosed a $25,000 check. But details of what went wrong have been hard to come by.

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