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Wells Fargo adds more external bankers to top ranks

Wells Fargo & Co said on Monday Scott Powell will become chief operating officer, the second external recruit to join the top ranks since Chief Executive Charles Scharf took over six weeks ago......»»

Category: topSource: reutersDec 2nd, 2019

Exclusive: Wells Fargo shifts energy bankers to focus on bankruptcies

Wells Fargo & Co has revived its special group for bad energy loans in recent weeks as the bank braces for more pain from the sharp downturn in oil prices, people familiar with the matter told Reuters......»»

Category: topSource: reutersApr 30th, 2020

Seattle bank recruits Wells Fargo execs to expand commercial business in Tucson

The Wells Fargo execs were recruited by WaFd Bank to set up its first brick-and-mortar commercial banking office in southern Arizona. Bank executives spoke to the Business Journal about how the deal came together to snag the Wells Fargo bankers......»»

Category: topSource: bizjournalsFeb 28th, 2020

Frozen Wells Fargo bonuses show peril for bankers after crisis

A new religion swept Wall Street after the 2008 crisis: Pay executives with stock, make them wait to collect it, and there will be fewer problems......»»

Category: topSource: moneycentralFeb 6th, 2020

Frozen Wells Fargo bonuses show a peril for bankers after crisis

A new religion swept Wall Street after the 2008 crisis: Pay executives with stock, make them wait to collect it, and there will be fewer problems......»»

Category: topSource: moneycentralFeb 6th, 2020

Frozen Wells Fargo bonuses show a peril for bankers after crisis

A new religion swept Wall Street after the 2008 crisis: Pay executives with stock, make them wait to collect it, and there will be fewer problems......»»

Category: topSource: moneycentralFeb 6th, 2020

Sources: Wells Fargo lays off more than 200 business bankers in U.S.

Wells Fargo & Co has laid off more than 200 bankers in its U.S. lending divisions in recent months, as the bank reacted to business trends and restructured some units, sources familiar with the matter said this week......»»

Category: topSource: moneycentralOct 27th, 2019

Wells Fargo cuts over 200 business bankers in U.S., Reuters says

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: theflyonthewallOct 25th, 2019

Exclusive: Wells Fargo lays off more than 200 business bankers in U.S. - sources

Wells Fargo & Co has laid off more than 200 bankers in its U.S. lending divisions in recent months, as the bank reacted to business trends and restructured some units, sources familiar with the matter said this week......»»

Category: topSource: reutersOct 25th, 2019

Wells Fargo adds former Bank of America executive to board

Wells Fargo & Co said on Wednesday the bank's board of directors had elected former Bank of America Corp executive Charles Noski to join the board......»»

Category: topSource: reutersMay 29th, 2019

Wells Fargo On Carvana: Cash Infusion Adds Growth Optionality

With a combination of debt and equity, Wells Fargo says Carvana Co (NYSE: CVNA) has plans to inject capital of more than $500 million, which significantly improves its fin.....»»

Category: blogSource: benzingaMay 29th, 2019

Dip in bank stocks is a case of short-term nervous money, says Wells Fargo"s Margie Patel.

The first three U.S. banks reporting came out with positive outlooks, says Margie Patel, senior portfolio manager at Wells Fargo Asset Management. She adds, technology will set a key note for other sectors. Aleksandra Michalska reports......»»

Category: videoSource: reutersApr 13th, 2018

Lawsuit: Wells Fargo put family in victim protection at risk

A southern Minnesota family in a victim protection program is suing Wells Fargo and one of its mortgage bankers, alleging the bank sent mail to what was supposed to be a secret location......»»

Category: topSource: foxnewsMay 8th, 2018

Wells Fargo ordered to pay $97M to California mortgage bankers, LA Times says

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: theflyonthewallMay 9th, 2018

Wells Fargo must pay $97 million for wage and labor violations

A federal judge on Tuesday said Wells Fargo & Co. owed money to home mortgage consultants and private mortgage bankers for not allowing them the br.....»»

Category: topSource: marketwatchMay 10th, 2018

CORRECTED: Wells Fargo must pay $97 million for wage and labor violations

A federal judge on Tuesday said Wells Fargo & Co. owed money to home mortgage consultants and private mortgage bankers for not appropriately compensating them for work br.....»»

Category: topSource: marketwatchMay 10th, 2018

7 questions with regional Wells Fargo president on rebuilding trust, the economy and technology

The new local leader spends a lot of time making sure that bankers in the field are doing things right......»»

Category: topSource: bizjournalsMay 14th, 2018

Why Wells Fargo’s business bankers need Zelle to succeed with consumers

Wells Fargo is fostering partnerships, seeking data-sh.....»»

Category: blogSource: TradestreamingMay 15th, 2018

Soros takes new stakes in Wells Fargo, Citigroup, adds to Bank of America

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: theflyonthewallMay 15th, 2018

Wells Fargo fake account holders to get "imperfect" closure

Wells Fargo & Co. customers who didn’t consent to having 3.5 million accounts created by bankers trying to hit sales quotas are finally getting what a judge called “rough justice.”.....»»

Category: topSource: moneycentralMay 30th, 2018

How a Wells Fargo glitch may have sent homeowners into foreclosure

Wells Fargo adds to its long list of scandals with an admission that a computer glitch may have caused homeowners to be denied mortgage modifications......»»

Category: topSource: moneycentralAug 6th, 2018