Wells Fargo

California extends ban against Wells Fargo due to scandals

10/16/17

Wells Fargo was barred by California's treasurer from being hired for another year because of the bank's fraudulent account scandal, leaving the company largely cut off from underwriting work with one of the nation's biggest municipal-bond issuers.

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Dimon bashes bitcoin again; SoFi withdraws bank application

10/16/17

JPM chief says digital currency “has no actual value,” but likes the blockchain technology behind it; lender will wait until “the time is right” before re-applying.

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Wells rules out raising deposit rates to jump-start consumer growth

10/13/17

The embattled company has begun offering cash bonuses to certain customers who open accounts, but at least for now pricey deposit rates would not ensure that customers stick around, executives said Friday.

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Signs of hope in C&I lending?

10/13/17

Third-quarter results from PNC, Bank of America, First Horizon and others suggest that demand for commercial loans may not be as weak as bankers and investors had feared. Or maybe some banks are just getting really good at poaching rivals’ customers.

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Mortgage crisis bites back in Wells' 3Q

10/13/17

Wells Fargo took a surprise $1 billion charge in the quarter for previously disclosed pre-crisis, mortgage-related regulatory investigations. It contributed to a 19% fall in profits.

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Aggressive marketing, less red tape drive SBA boom

10/11/17

Efforts to make it easier for smaller businesses to apply for SBA loans, coupled by concerted expansion efforts among key regional and community banks, contributed to the third consecutive record for 7(a) lending.

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Yoga and YouTube: A top Wells exec's tips for relieving workplace stress

10/11/17

Diane Schumaker-Krieg has traveled the globe urging stressed Wells Fargo colleagues to carve out time for art, exercise and other rejuvenating activities. She says happiness correlates to career success.

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Wells to allow ATM withdrawals through mobile wallets

10/10/17

The bank is upgrading its ATM network to work with Apple Pay, Android Pay and Samsung Pay, allowing easier cash withdrawals and other cardless ATM transactions.

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Hoping for loan growth, bracing for stagnation: 3Q preview

10/10/17

Demand for commercial loans has been weak for much of the past year and among the big questions bank executives will face this earnings season is when they can expect the pace to finally pick up.

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Wells Fargo directors ordered to defend lawsuit on fake accounts

10/05/17

Wells Fargo executives and directors accused of steering the bank into the worst scandal of its modern history were ordered to defend a lawsuit accusing them of profiting from the creation of millions of fake customer accounts.

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