To ignore Gen Z is ‘to flirt with irrelevance’: Wells Fargo exec
It’s Generation Z’s turn to steal the marketing spotlight, according to Wells Fargo’s Julia Carreon. For too long, companies and researchers have been obsessed with...
Category : Wells Fargo
Wells Fargo to refund checking fees after lawmaker flags issue
Wells Fargo will refund some checking account customers beginning next year after reviewing past disclosures that stirred confusion over which kind of debit card transactions...
Banker of the Year, Wells Fargo shake-up, credit union nemesis: Top stories of the week
Scott Powell, who resolved numerous regulatory problems as the head of the Spanish bank’s U.S. operations, will face similar challenges at scandal-plagued Wells. As the...
Dow Futures Surge but Wells Fargo Warns 4 Critical Stock Market Risks
Dow Jones Industrial Average (DJIA) futures jumped 71 points on Thursday, extending yesterday’s stock market rally. But Wells Fargo analyst Chris Harvey struck a negative...
Shake-up continues at Wells Fargo with poaching of Santander’s CEO
In the latest shake-up of Wells Fargo’s leadership team, the scandal-plagued bank has lured the CEO of Santander Holdings USA to become its new chief...
USAA's win vs. Wells, BB&T-SunTrust's green light, GSE reform: Top stories of the week
USAA won $200M from Wells Fargo in patent fight — will others be on the hook?; three takeaways from regulators’ approval of the BB&T-SunTrust merger;...
Highs and lows in FDIC’s 3Q report on industry’s health
WASHINGTON — The banking industry earned just over $57 billion in the third quarter, as 62% of institutions were profitable and higher noninterest income led...
Industry’s 3Q strong despite ‘nonrecurring events’ at 3 banks: FDIC
WASHINGTON — The U.S. banking industry’s profit took a slight hit in the third quarter due to “nonrecurring events” at three large banks, yet net...
Behind Wells Fargo’s foray into quantum computing
Wells Fargo’s relatively new technology chief, Saul Van Beurden, is leading the company into quantum computing. He recently led the bank to sign an agreement...
Wells Fargo’s Modjtabai to exit as Scharf shapes leadership
Avid Modjtabai, who runs Wells Fargo’s payments and technology innovation unit, is leaving the firm as new Chief Executive Officer Charlie Scharf continues to shake...
Banks top credit unions in customer satisfaction, survey finds
Credit unions have for years exceeded banks in customer satisfaction — until now. Banks’ investments in high-tech services seem to have turned the tide. For...
Fed eyeing banks’ technology vendors; Wells questioned on fees
Receiving Wide Coverage … Call for action Australian Prime Minister Scott Morrison weighed in on the scandal at the country’s second largest bank, Westpac, which...
Lawmaker presses Wells Fargo on checking account refunds
Wells Fargo is once again taking criticism for its treatment of customers, this time over potentially “hundreds of millions of dollars” in fees charged on...
Ghost funding and sandbagging: Wells Fargo’s sales tactics on trial
Kathleen Fitzgerald was sitting at her desk inside Wells Fargo’s branch in Red Bank, N.J., when a co-worker asked her to step into another room...
USAA won $200M from Wells Fargo for patent infringement. Will it stop there?
A recent court decision in which Wells Fargo was ordered to pay $200 million to USAA for infringement of its patents on mobile deposit capture...