By Jonathan Stempel (Reuters) – Wells Fargo was accused of sex discrimination in a lawsuit by a bond saleswoman who said the fourth-largest U.S. bank denied pay and promotions available …
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NEW YORK (Reuters) – Wells Fargo employees at a branch in Daytona, Florida, voted in favor of joining a union on Thursday, making it the second branch at the bank …
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(Reuters) – Wells Fargo Investment Institute (WFII) boosted its 2024 year-end target for the S&P 500, citing an improved economic outlook and expectations of interest-rate cuts through the year. The …
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By Nupur Anand NEW YORK (Reuters) – Wells Fargo CEO Charlie Scharf told investors on Tuesday he expects to book higher-than-anticipated severance expenses between $750 million to a little less …
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By Daniel Wiessner (Reuters) – A Wells Fargo & Co employee filed a lawsuit on Thursday accusing the bank of depriving hundreds of its U.S. branch workers of overtime pay, …
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ALBUQUERQUE, N.M. – Alexander M.M. Uballez, United States Attorney for the District of New Mexico, and Raul Bujanda, Special Agent in Charge of the Federal Bureau of Investigation’s Albuquerque Field …
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By David Randall NEW YORK (Reuters) – An upcoming “economic soft patch” will likely weigh on the recent U.S. equity rally and stall sectors such as consumer discretionary and small-cap …
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(Reuters) – U.S. regulators are pushing Wells Fargo to improve its monitoring system to detect criminal activity at the bank, the Wall Street Journal reported on Thursday, citing people with …
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(Reuters) – Wells Fargo has let go of less than 50 bankers from its corporate and investment banking unit as part of year-end pruning, a source familiar with the matter …
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Annapolis, MD – A concerning incident unfolded on October 13, 2023, at around 4:30 p.m. at the Wells Fargo branch located at 171 Jennifer Road in Annapolis. Authorities reported that …
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By Nupur Anand NEW YORK (Reuters) – Wells Fargo will expand access to a financial planning tool to its nearly 70 million customers after initially offering it to wealth clients …
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(Reuters) – Wells Fargo said on Friday it had sold about $2 billion of its private equity investments as the bank aims to sharpen focus on its core businesses. Lenders …
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By Nupur Anand NEW YORK (Reuters) – Wells Fargo could see its headcount decline further as it aims to improve efficiency, Chief Financial Officer Mike Santomassimo said on Tuesday. The …
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NEW YORK (Reuters) – Wells Fargo hired former Credit Suisse banker Jill Ford as its head of equity capital markets, the bank said in a statement. Ford is based in New …
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(Reuters) – U.S. bank Wells Fargo said on Monday Malcolm Price has joined its corporate and investment bank (CIB) as the head of financial sponsors, after 35 years at Credit …
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By Nupur Anand NEW YORK (Reuters) – Wells Fargo on Wednesday said it may commit $60 million to Concordance, a nonprofit organization that helps workers with criminal records re-enter the …
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(Reuters) – Wells Fargo said on Tuesday its board had authorized a new share buyback program of up to $30 billion. The bank’s shares rose 1% in extended trading after …
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By Saeed Azhar and Nupur Anand NEW YORK (Reuters) – Deposits at U.S. banking giants including JPMorgan and Wells Fargo are expected to extend their second-quarter decline as consumers keep …
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NEW YORK (Reuters) – Wells Fargo promoted Dawson Her Many Horses, head of Native American Banking, to managing director, one of the first enrolled tribal members to reach that rank …
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BEAR, DE – Delaware State Police are currently investigating a bank robbery that occurred at Wells Fargo last Thursday evening. Troopers were dispatched to 1601 Governors Place around 5 p.m., …
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NEW YORK (Reuters) – Wells Fargo & Co expects an upside in net interest income going ahead, Chief Financial Officer Mike Santomassimo said on Tuesday. The bank had earlier issued …
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WILMINGTON, DE – A serious incident occurred at a Wells Fargo ATM on Monday, which is now under active investigation by the Delaware State Police. Two male suspects, believed to …
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By Carolina Mandl and Svea Herbst-Bayliss BEVERLY HILLS, California (Reuters) – Wells Fargo & Co CEO Charlie Scharf said on Tuesday the banking industry is “extremely strong” but added he …
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By Hannah Lang (Reuters) -Wells Fargo & Co will pay fines of about $97.8 million for inadequate oversight of its compliance risks, enabling the apparent violation of U.S. sanctions against …
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(Reuters) – Wells Fargo & Co Chief Executive Officer Charles Scharf’s total compensation for 2022 was unchanged at $24.5 million, the Wall Street bank said in a regulatory filing on …