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The bank’s financial report revealed that Wells Fargo’s total allowance for credit losses (ACL) increased modestly by $16 ...
Wells Fargo said 35 employees were given notification of their job ending between April 1 and June 10. The remaining 159 employees were notified Tuesday.
Bank leaders pose at their first earnings call since federal regulators ended the $2 trillion asset cap tied to a bank sales ...
termination of 13 orders since 2019, including 7 this year alone." He emphasized that the bank can now allocate more capital to grow deposits and loans, noting, "We now have the flexibility to ...
Seven years after the cap was enacted, Wells Fargo has a lot of catching up to do.
Wells Fargo was once among the largest buyers of highest-rated CLO bonds, alongside other banks including JPMorgan Chase & Co. and Bank of America Corp.
Wells Fargo & Co. is ramping up buying top-rated collateralized loan obligations, after largely staying away from the $1.3 trillion market following interest rate hikes in 2022, according to ...
Wells Fargo urges investors to steer clear of one asset and shift to US stocks. Find out what they’re avoiding—and if you should follow their lead.
Wells Fargo & Co. is shuttering its West End Center in downtown Winston-Salem, eliminating 150 jobs. Operations in the 379,000-square-foot center at 809 West 4½ St. are expected to cease as early ...