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…
Wells Fargo CFO expects upside in net interest income
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 guidance for…
Robbery Reported at Wells Fargo ATM in Wilmington
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 be between…
Wells Fargo CEO says regional banks are strong, but expects turmoil
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 expects more…
Wells Fargo to pay $97 million for sanctions compliance failures
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 Iran, Syria…
Wells Fargo CEO Scharf’s 2022 pay unchanged at $24.5 million
(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 Thursday. Scharf’s…
Wells Fargo sees global growth slowing to 1.7% next year
(Reuters) – Wells Fargo is expecting the global economy to grow at a slower pace in 2023, joining other big American banks that have tempered their estimates this year and rekindled fears…
Wells Fargo starts small-dollar loans amid overdraft scrutiny
By Lananh Nguyen NEW YORK (Reuters) – Wells Fargo & Co introduced small-dollar loans to customers online, the bank said Wednesday, as overdraft fees draw greater scrutiny in the United States. The…
Wells Fargo says SEC is examining its hiring practices
(Reuters) – Wells Fargo & Co said on Monday that the U.S. Securities and Exchange Commission has begun investigating its hiring practices, after the Department of Justice had opened a related probe.…
Linden Wells Fargo bank robbed at gunpoint, suspect fled on mountain bike
LINDEN, NJ – The Wells Fargo bank branch on Saint Georges Avenue in Linden was robbed at gunpoint on Tuesday at around 12:33 pm. According to the Linden Police Department, the suspect,…
Wells Fargo expects steeper U.S. rate hikes to quell rampant inflation
(Refiles to add media packaging code) (Reuters) – Wells Fargo expects steeper rate hikes by the Federal Reserve due to resiliency of the U.S. economy and the central bank’s increased resolve to…
Wells Fargo to commission third-party racial equity audit in diversity push
(Reuters) – Wells Fargo & Co said on Tuesday it would commission a third-party racial equity audit that will include inputs from both internal and external stakeholders, as the bank pushes to…
Wells Fargo reinstates diverse slate hiring policy following June pause
(Reuters) – Wells Fargo reinstated a hiring policy that requires recruiters to interview a diverse pool of candidates nearly two months after its suspension in June, the bank said on Monday. The…
Wells Fargo appoints Kleber Santos chief of consumer lending
(Reuters) – Wells Fargo said on Monday that Kleber Santos will take over as the chief of consumer lending effective immediately. Santos served as head of Diverse Segments, Representation and Inclusion (DSRI)…
Wells Fargo to cover employees’ cost of travel for legal abortions -memo
NEW YORK – Wells Fargo & Co told staff on Monday it will reimburse employees and their dependents for travel and lodging costs associated with traveling more than 50 miles for healthcare…
Newark Wells Fargo Bank Robbed, Suspect Fled
NEWARK, DE – A black male successfully robbed the Wells Fargo bank branch on Glasgow Avenue on Friday. The Delaware State Police said that at approximately 1:43 p.m., troopers responded to the…
Wells Fargo CEO sees $1 billion opportunity in growing investment bank
By Elizabeth Dilts Marshall and Niket Nishant NEW YORK – Wells Fargo & Co’s Chief Executive Officer Charlie Scharf said Wednesday he wants to grow Wells’ corporate and investment banking business on…
Exclusive-Russian oil firms to reopen wells in June banking on demand rally, sources say
(Reuters) – Russian oil companies led by Rosneft plan to re-open wells in June which they had shut due to Western sanctions, four sources said, as firms bank on a pick-up in…
Wells Fargo wins dismissal of shareholder lawsuit over commercial lending
By Jonathan Stempel (Reuters) – A federal judge on Friday dismissed class-action claims that Wells Fargo & Co, the fourth-largest U.S. bank, misled or defrauded shareholders about its commercial loans. U.S. District…
Wells Fargo set emissions reduction targets for oil, gas, power clients
By Elizabeth Dilts Marshall and Ross Kerber NEW YORK/BOSTON – Wells Fargo & Co unveiled new targets to reduce greenhouse gas emissions, including goals to reduce the “absolute emissions” related to its…
Wells Fargo says its software was used for transactions with sanctioned entities
(Reuters) – Wells Fargo & Co has disclosed to the Office of Foreign Assets Control that certain foreign banks used its software to conduct transactions with sanctioned entities, the bank said in…
Low-producing U.S. oil wells account for half of methane emissions, report says
By Valerie Volcovici WASHINGTON – Low-producing oil and gas wells that account for just 6% of total U.S. production account for half of the methane emitted from all U.S. well sites, a…
ISS says Wells Fargo pay reforms insufficient to justify support
By Ross Kerber (Reuters) – Top proxy adviser Institutional Shareholder Services on Tuesday recommended investors cast proxy votes against the pay of Wells Fargo & Co Chief Executive Charles Scharf and other…
McCune Wright Arevalo, LLP, Bringing Arbitrations Against Chase Bank and Wells Fargo Over Allegedly Unfair Overdraft Fees
National Law Firm is Accepting Arbitration Claims from Bank Customers Nationwide ONTARIO, Calif., April 12, 2022 — McCune Wright Arevalo, LLP, (MWA) – a national law firm specializing in Financial Services, Class…
JPMorgan hires David Miree from Wells Fargo to lead diversity unit – memo
– JPMorgan Chase & Co has named Wells Fargo senior executive David Miree as the global head of diversity, equity and inclusion, according to an internal memo seen by Reuters on Monday.…
Wells Fargo CEO Scharf’s 2021 compensation up by 20% at $24.5 million
– Wells Fargo & Co Chief Executive Officer Charles Scharf’s total compensation for 2021 was $24.5 million, up nearly 20% from a year ago, the Wall Street bank disclosed in a regulatory…
Breaking News
