Wells Fargo

Wells Fargo to sell student loan book to Apollo, Blackstone


The $10 billion portfolio of what are described as high-quality private student loans will be serviced by Nelnet.


Wells Fargo hires ex-BofA exec Michelle Moore to run digital platforms


Moore led development of Bank of America's virtual assistant, Erica, and was American Banker's Digital Banker of the Year in 2017.


Wells Fargo extends work-from-home plans until at least March


The San Francisco-based bank will keep most employees working from home for at least a month longer than last announced.


Ameriprise, CI eyeing Wells Fargo's asset management arm


Wells Fargo, reeling from years of scandals, is unloading several businesses as it seeks to simplify its structure. The sale of the asset management unit could fetch more than $3 billion, according to industry sources.


Apollo, Blackstone said in talks to buy Wells Fargo’s student loan book


A group that includes the private equity firms Apollo Global Management and Blackstone Group is in talks to acquire Wells Fargo’s student loan portfolio, according to people familiar with the matter.


Wells Fargo partners with Bill.com to automate bookkeeping for clients


The bank will now let business customers receive and pay invoices from within online and mobile banking.


Hot Wells Fargo stock belies bank’s doubts on ending Fed cap


A number of top Wells executives privately expect it won’t be able to escape the limit on assets until late next year at the earliest, while key Fed officials see the process dragging into 2022 or beyond, according to people familiar with their thinking.


Berkshire Hathaway sells another piece of its Wells Fargo stake


Warren Buffett's company has been pulling back from the scandal-ridden bank as it prepares to unveil strategic changes.


SEC charges ex-Wells Fargo execs with misleading investors


Former CEO John Stumpf agreed to pay a $2.5 million penalty to settle civil charges tied to the bank’s fake-accounts scandal. Former community bank head Carrie Tolstedt did not agree to a settlement and is now facing a lawsuit that alleges she committed fraud.


Wells Fargo explores selling private-label card unit


Wells Fargo is exploring selling a unit offering store-branded credit cards as the bank chooses businesses to keep or break off in a broad strategic overhaul, according to people with knowledge of the matter.