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Fingerprints and finances: next Wells Fargo CEO will be under regulatory microscope

From submitting their fingerprints to giving up their tax records, Wells Fargo & Co's next chief executive will go through a vetting process that could rival that of top U.S. government officials......»»

Category: topSource: reutersMay 21st, 2019

The Wall Street Journal: Wells Fargo looks at own auto-lending issues as regulatory pressure builds

Wells Fargo has expanded a review of auto products and services it finances as part of an effort to get ahead of heightened regulatory interest in the area, according to people familiar with the matter......»»

Category: topSource: marketwatchApr 9th, 2018

Wells Fargo boosts estimate for possible legal reserve shortfall to $3.9 billion

Wells Fargo & Co said on Friday that it boosted its estimate for a possible legal reserve shortfall to $3.9 billion for the quarter ending June 30, from $3.1 billion earlier this year, according to a regulatory filing......»»

Category: topSource: reutersAug 2nd, 2019

Wells Fargo fined in Ireland over reporting breaches

Wells Fargo & Co's Irish subsidiary was fined 5.9 million euros on Friday for a prolonged series of regulatory reporting breaches, the second largest fine ever handed down by Ireland's Central Bank......»»

Category: topSource: reutersJul 5th, 2019

Wells Fargo creates new unit focused on regulatory compliance

Wells Fargo & Co is creating a new unit tasked with satisfying U.S. regulatory requirements, according to an internal memo seen by Reuters......»»

Category: topSource: reutersMay 8th, 2019

Exclusive: Wells Fargo taps headhunter Spencer Stuart to find new CEO - sources

Wells Fargo & Co's board has retained executive search firm Spencer Stuart to hunt for a new chief executive, ideally a woman who can tackle its regulatory and public perception issues, two people familiar with the matter said......»»

Category: topSource: reutersApr 26th, 2019

Wells Fargo Retirement & Trust Sale Seems to Be Reaching for Regulatory Concession Hopes

Whether investors will see this as a great buy or as a bad sale may depend on multiple factors that are not yet fully known......»»

Category: blogSource: 247wallstApr 9th, 2019

Wells Fargo lowers expected earnings hit from regulatory cap on assets

BOSTON (Reuters) - Wells Fargo & Co on Thursday said a cap on asset growth imposed by regulators after various sales practices scandals would hurt earnings less that it expected this year, and forecast 2019 expenses below Wall Street expectations......»»

Category: topSource: reutersMay 10th, 2018

Wells Fargo on track for $4 billion in cost cuts

Wells Fargo on Thursday said it expects efficiency efforts to cut expenses by $2 billion annually in 2018 and 2019 and that the after-tax impact on net income of a regulatory cap on its assets will be less than $100 million in 2018......»»

Category: topSource: moneycentralMay 10th, 2018

Wells Fargo on track for $4 billion in cost cuts

Wells Fargo on Thursday said it expects efficiency efforts to cut expenses by $2 billion annually in 2018 and 2019 and that the after-tax impact on net income of a regulatory cap on its assets will be less than $100 million in 2018......»»

Category: topSource: moneycentralMay 10th, 2018

Wells Fargo trims expected hit from regulatory cap on assets

BOSTON (Reuters) - Wells Fargo & Co on Thursday said a cap on the bank's growth imposed by regulators after sales practices scandals would hurt earnings less than it thought this year, and forecast 2019 expenses below Wall Street expectations......»»

Category: topSource: reutersMay 10th, 2018

Wells Fargo employees changed customer information on documents: report

Employees in a unit of the bank are said to have changed personal information, like birth dates, as it was faced with regulatory deadlines......»»

Category: topSource: foxnewsMay 17th, 2018

Popular completes regulatory clearance for Wells Fargo Auto Finance acquisition

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallJul 5th, 2018

​CBJ Morning Buzz: Why Wells Fargo is "sorry" again; Business owner kills intruder; New coffee, gelato shop uptown

In local news: Wells Fargo & Co. (NYSE:WFC) is once again apologizing to customers after revealing in a regulatory filing on Friday that it may have improperly denied mortgage modifications for hundreds of homeowners, according to multiple news r.....»»

Category: topSource: bizjournalsAug 6th, 2018

Wells Fargo accidentally foreclosed on hundreds of homeowners

Nearly 400 Wells Fargo customers lost their homes when they were accidentally foreclosed on after a software glitch denied them the ability to modify their mortgages as they sought federal aid, the bank disclosed in a regulatory filing late Friday......»»

Category: topSource: bizjournalsAug 6th, 2018

Two Wells Fargo executives go on leave of absence amid sales scandal review

Wells Fargo & Co said on Wednesday it put two executives on leave in connection with ongoing regulatory reviews into the bank’s retail sales practices......»»

Category: topSource: reutersOct 24th, 2018

Wells Fargo"s Valuation Discounts Regulatory Concerns, RBC Says In Upgrade

Wells Fargo & Co (NYSE: WFC) shares are trading at a level which fully discounts the bank's regulatory problems stemming from a cease-and-desist order from the Federal Reserve, according to RBC Capital Markets. Latest .....»»

Category: blogSource: benzingaJan 2nd, 2019

Wells Fargo Stock Gains 1.3% Because One Analyst Thinks the Worst Is Finally Priced In

RBC’s Gerard Cassidy upgraded Wells Fargo’s stock arguing that it “the stock fully discounts the company’s regulatory problems.”.....»»

Category: topSource: barronsJan 3rd, 2019

Wells Fargo Remains Undervalued But Ongoing Regulatory Challenges Pressure Growth

Wells Fargo Remains Undervalued But Ongoing Regulatory Challenges Pressure Growth.....»»

Category: topSource: seekingalphaJan 17th, 2019

Wells Fargo in talks with DOJ, SEC to resolve probes of sales practices

Wells Fargo & Co said on Wednesday that it is engaged in preliminary exploratory discussions with the U.S. Department of Justice and the U.S. Securities and Exchange Commission to resolve probes into its sales practices, according to a regulatory filing......»»

Category: topSource: reutersFeb 27th, 2019

Lam Research price target raised to $235 from $230 at Wells Fargo

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallSep 19th, 2019