Buncombe County officials address storm-damaged wells, urge disinfection
ASHEVILLE, N.C. — The Buncombe County Sheriff’s Office is working with Environmental Health to ensure residents with storm-damaged wells have access to safe drinking water, following recent flooding in the area. In…
Tennis-Swiatek downs Sakkari to win second Indian Wells title
By Rory Carroll (Reuters) -World number one Iga Swiatek dominated ninth seed Maria Sakkari to win the Indian Wells final 6-4 6-0 and claim the title for a second time in the…
Tennis-King Carlos defends his throne as Alcaraz wins Indian Wells
By Rory Carroll (Reuters) – Carlos Alcaraz overcame a sluggish start and finished with a flourish to successfully defend his Indian Wells crown with a 7-6(5) 6-1 win over Daniil Medvedev in…
Second Wells Fargo branch employees vote in favor of a union
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 to do…
Wells Fargo Investment Institute bets on rate cuts, lifts 2024 S&P 500 target
(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 institute expects…
CBP officers intercept mixed narcotic load at Antelope Wells border crossing
ANTELOPE WELLS, N.M. – U.S. Customs and Border Protection officers at the Antelope Wells border crossing intercepted heroin, cocaine and methamphetamine in a single failed smuggling attempt. “This is a significant encounter…
Wells Fargo CEO expects severance expenses to exceed $750 million
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 than $1…
Wells Fargo accused of not paying overtime at shortstaffed US branches
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, as the…
Wells Fargo sees economic “soft patch” capping further S&P 500 gains
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 stocks, strategists…
US regulators push Wells Fargo to improve financial crime monitoring – WSJ
(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 knowledge of…
Wells Fargo to cut less than 50 investment banker jobs – source
(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 said on…
Wells Fargo’s cash sweep feature faces SEC investigation
(Reuters) – Wells Fargo’s cash sweep options for investment advisory clients is being investigated by the Securities and Exchange Commission (SEC), the bank disclosed in a regulatory filing. The sweep feature allows…
Armed Robbery at Annapolis Wells Fargo ATM Under Investigation
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 an armed…
Wells Fargo rolls out financial planning tool to almost 70 million customers
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 earlier this…
Wells Fargo sells $2 billion of private equity investments
(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 have been…
Court Orders Blueberry Bill Farms to Replace Unsafe Wells for Migrant Workers
HAMMONTON, NJ – A lawsuit initiated in August 2022 by the New Jersey Attorney General and the Department of Environmental Protection (DEP) against Blueberry Bill Farms, Inc., Booper, LLC, and owner/operator William…
Wells Fargo CFO expects more layoffs ahead
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 bank has…
Wells Fargo hires Ford from Credit Suisse as head of equity capital markets
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 York and…
Wells Fargo hires Credit Suisse veteran as head of financial sponsors
(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 Suisse. During…
Wells Fargo pledges $60 million for worker re-entry program
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 workforce. The…
Wells Fargo’s firearm policies under Texas AG scrutiny
(Reuters) – Wells Fargo & Co’s policies around the firearm industry are being probed by the Texas Attorney General’s office, the company said in an emailed statement on Thursday. The letter sent…
Wells Fargo approves new $30 billion share buyback program
(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 earlier jumping…
JPMorgan, Wells Fargo expect deposits to extend Q2 declines
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 spending and…
Approval Of New Oil Wells In California Has Ground To A Halt Under Gavin Newsom
Approval Of New Oil Wells In California Has Ground To A Halt Under Gavin Newsom John Hugh DeMastri on July 13, 2023 California, a major producer of U.S. crude oil, has issued…
Wells Fargo promotes head of Native American banking to managing director
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 at a…
Suspect At Large Following Bank Robbery at Wells Fargo
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., following a…
Breaking News
