Wells Fargo

Will cheap advice turn off wealthy customers?

06/05/18

Most big banks are launching robo-advisers to compete for a new breed of wealth management customer. The risk is that automated services will disappoint traditional customers.

[more]

Flagstar takes advantage of Wells' plan to shed branches

06/05/18

The Michigan company will buy 52 branches and $2.3 billion in deposits from the San Francisco banking giant.

[more]

Could Dem takeover of House rock the boat for banks?

05/31/18

A change in House leadership in midterms would slow down regulatory relief initiatives and put more heat on Trump-appointed regulators.

[more]

Sloan addresses Wells Fargo's AML snafu, but big questions remain

05/31/18

Speaking at an industry conference Thursday, Wells Fargo CEO Tim Sloan left open the possibility that employees intentionally falsified important regulatory documents.

[more]

Wells Fargo fake account holders to get 'imperfect' closure

05/30/18

Wells Fargo customers who didn't consent to having 3.5 million accounts created by bankers trying to hit sales quotas are finally getting what a judge called "rough justice."

[more]

Don’t call it a comeback: Commercial lending’s ho-hum rebound

05/30/18

The numbers are better but still disappointing for such a healthy economy, lamented executives from large U.S. banks. Some are scratching their heads, some are remaining upbeat about the second half of the year, and others are focusing on Plan B.

[more]

Wells Fargo won't give timeline on end to regulatory troubles

05/30/18

The $1.9 trillion-asset bank is under pressure to provide investors more information about when it expects to resolve the numerous headaches that have arisen in the wake of its phony-accounts scandal.

[more]

Reg relief, ADA bank threat, Wells millennial app: Top stories of the week

05/25/18

Comprehensive analysis of the banking industry's first big legislative victory since the crisis; lawsuits target banks with websites in violation of the Americans with Disabilities Act; what a homegrown app for millennials has to teach Wells Fargo; and more from this week's most-read stories.

[more]

How Wells Fargo is exploring the future of digital banking

05/25/18

Shari Van Cleave, head of Wells Fargo Digital Labs, says the bank is experimenting with artificial intelligence and augmented reality to create new ways to present data to customers.

[more]

Why it's so hard to sell banks on small-dollar lending

05/24/18

While industry officials welcomed a bulletin from the Office of the Comptroller of the Currency encouraging banks to develop alternatives to payday loans, they are making no commitments to offer such products.

[more]