Wells Fargo

Good prices or good service: What hooks online-only banking customers?

08/28/18

Digital banks dispute the notion that they can skimp on customer service because millennials are only shopping for low fees and high savings rates.

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Biggest U.S. banks slash muni-bond holdings after tax cut

08/27/18

JPMorgan Chase, State Street, Wells Fargo, Citigroup and Bank of America decreased their holdings of tax-exempt bonds by nearly $16 billion in the first half of 2018, according to quarterly filings with the U.S. Securities and Exchange Commission.

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Lending rebound fades; Wells cuts jobs in mortgage unit

08/27/18

Small and midsize banks are most at risk as commercial loan volume fails to ignite; the cutbacks are partly the result of lower origination volume.

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Wells Fargo to cut over 600 mortgage employees on lower volume

08/24/18

Wells Fargo & Co. is cutting 638 mortgage employees as the nation’s largest home lender contends with a slowdown in the business.

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Wells Fargo can upend student refis, but will it?

08/23/18

Cheap funding and marketing muscle could give it an advantage over existing lenders, but this corner of the market may not be big enough to move the needle for the bank.

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Additional Wells misdeeds obscured by arbitration: Calif. official

08/23/18

State Treasurer John Chiang says that Wells Fargo is keeping patterns of abuse hidden from view by resolving customer disputes through private arbitration.

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Wells Fargo says it isn't anti-weed, it's pro-following the law

08/23/18

Wells Fargo isn't making a political statement, it's following the rules. So goes the bank's response to backlash over terminating a pro-medical marijuana politician's banking relationship because of her advocacy and contributions from industry lobbyists.

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Freed-up Flagstar ponders more M&A, other growth moves

08/21/18

The Troy, Mich., company is operating unfettered by regulatory orders for the first time in a decade, and its CEO says Flagstar now has the flexibility to pull the trigger faster on deals and accelerate its diversification beyond mortgages.

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Pro-pot Florida candidate says Wells Fargo shut her account

08/20/18

A Florida politician who has run a pro-medical marijuana campaign said Wells Fargo closed her account over her ties to the industry, adding that the incident was an example of the challenges legal cannabis businesses face from the U.S. financial system.

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Wells skates, conspiracy charged, ATM attacks: Top stories of the week

08/17/18

No outrage over more Wells disclosures; Steve Calk accused of conspiring with Manafort against his own bank; FBI warns banks about threat to ATMs; and more from this week's most-read stories.

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