Wells Fargo News & Media
Wells Fargo brings on CEO of consumer lending
July 13, 2022
Wells Fargo has appointed Kleber Santos as CEO of consumer lending. In the role, Santos will lead the entire consumer lending business including home, auto…
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Wells Fargo halts diversity hiring program due to reports of fake interviews
June 8, 2022
Wells Fargo is under fire for its diversity hiring guidelines, as former executive Joe Bruno claims the bank would conduct fake interviews with minorities. As…
read nowWells Fargo partners with Operation Hope for financial inclusion effort
April 20, 2022
Wells Fargo recently partnered with Operation Hope Inc., a non-profit for underserved communities, to introduce Hope Inside centers to serve 150 Wells Fargo…
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Wells Fargo to launch virtual assistant
November 1, 2021
Wells Fargo is currently developing a virtual assistant called Fargo, which will be able to perform tasks such as pay bills, send money, display transaction…
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Wells Fargo survey finds credit card users purged during COVID-19
August 3, 2021
A Wells Fargo survey reveals customers made major "purges" during COVID-19. For example, 72% decluttered closets, 29% purged social media friends and 33…
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Carver Federal Savings Bank customers can now access Wells Fargo ATMs for no fee
May 27, 2021
Carver Federal Savings Bank, a subsidiary of Carver Bancorp Inc. based in Harlem, New York, has announced its customers can now make withdrawals at Wells Fargo…
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Hostage situation at Wells Fargo ends with arrest, no injuries
May 7, 2021
In a standoff Thursday that lasted hours, a hostage situation at a Wells Fargo bank located at 200-33rd Ave. S in St. Cloud, Minnesota ended with a suspect in…
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Wells Fargo joins the financial crowd going green
March 9, 2021
Wells Fargo is joining the ranks of Goldman Sachs, Citigroup and JPMorgan Chase in revising its role when it comes to the environment.
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Banks worldwide amass $15 billion in fines
January 11, 2021
Data acquired from the Bank Fines Report 2020 by Finbold.com indicates a total of $15.13 billion in aggregated bank fines last year covering the period of Jan.
read nowWells Fargo surpasses 1 billion API calls
November 2, 2020
Wells Fargo Gateway, an application programming interface channel, processed more than 1.5 billion digital interactions in 2019, according to Wells Fargo. The…
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Wells Fargo earnings fall short of estimates
October 14, 2020
Wells Fargo reported disappointing earnings for the third quarter as low rates put pressure on the bank's net interest income, according to a report in CNBC.
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Banks plan layoffs as costs emerge and crisis ends
August 31, 2020
During the peak of the pandemic, several top executives at U.S. banks, including Morgan Stanley and Bank of America, pledged not to cut jobs in 2020 because, …
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PayPal hires Wells Fargo’s SVP Peggy Mangot for venture capital team
August 5, 2020
PayPal has hired Peggy Mangot, a Wells Fargo former senior vice president, to its venture capital team.
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Who is that masked man and has he been mandated to wear that mask?
by Pat Shea — Editor, NetworldMedia
Face masks are mandatory now at many retail stores and restaurants as a defense against contracting the coronavirus. But for banks, mandating masks can be a…
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Banks expect major losses in second quarter
July 13, 2020
America's banks are braced for poor second quarter results that are due this week, according to a CNN report.
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Wells Fargo to cut thousands of jobs
July 10, 2020
Wells Fargo is planning to cut thousands of jobs starting later this year, according to a report in the New York Post.
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Wells Fargo selling GAI Feeder Fund Platform to iCapital
June 19, 2020
Wells Fargo & Company has announced that its Wells Fargo Investment Institute, Inc., will sell its Global Alternative Investments Feeder Fund Platform to…
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In the wake of protests, vandals target ATMs
by Pat Shea — Editor, NetworldMedia
Protests have taken center stage as people throughout the world call for justice in the May 25 death of George Floyd by a Minneapolis police officer. Several…
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Wells Fargo, JPMorgan among banks being sued over SBA loans
April 21, 2020
Small businesses affected by the coronavirus are suing Wells Fargo & Co., Bank of America Corp., JPMorgan Chase & Co. and US Bancorp. The lawsuit…
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Feds modify growth restriction on Wells Fargo to support small business
April 8, 2020
The Federal Reserve Board will temporarily narrowly modify the growth restriction placed on Wells Fargo in February 2020 to allow the firm to provide…
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