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Tag: Wells Fargo


Regulations

Wells Fargo’s CEO knows why customers are staying away even if Wall Street needs a reminder

October 16, 2017

Via: Market Watch

There were questions about loan growth, credit quality, and home equity lines of credit. There were several about closing branches as customers embrace mobile banking, and one on interest rates – all very standard questions for analysts to ask on […]


Capital and risk, Operational, Products, Retail banking

Wells Fargo launches mobile “tap and pay” functionality at 5,000 ATMs

October 11, 2017

Via: Banking Technology

More than 5,000 ATMs of Wells Fargo (40% of its ATM network) now have near-field communication (NFC) enabled mobile wallet capability – i.e. the bank’s debit card customers can now “tap and pay”. The bank says it aims to upgrade […]


Channels

Wells Fargo Underwrites Itron Acquisition of Silver Spring Networks

October 9, 2017

Via: ABF Journal

Itron will all outstanding shares of Silver Spring for $16.25 per share in cash in a transaction valued at $830 million, excluding $180 million in Silver Spring cash. Itron is funding the deal, fully underwritten by Wells Fargo, with cash […]


Activity, Trading

Banks Stocks Higher as September Jobs Report Misses Expectations

October 6, 2017

Via: TheStreet

Bank stocks moved broadly higher in premarket trading Friday, Oct. 6, after September’s jobs report whiffed on expectations and contracted for the first time in seven years. Shares of JPMorgan Chase & Co. (JPM – Get Report) gained 0.48% to […]


Activity, Trading

Stocks are cheap and could rally 32 percent next year — here’s the chart that shows why

October 5, 2017

Via: CNBC

It’s a valuation call that catapults stocks by 32 percent. Based on the latest calculations by PNC Asset Management’s Bill Stone, the S&P 500 could hit 3,368 in 2018. And he has a chart that proves it could happen. “Part […]


Channels, Regulations

Senators Quiz Wells Fargo CEO, Express Doubt Bank Will Change Ways

October 4, 2017

Via: Insurance Journal

U.S. senators slammed Wells Fargo & Co. Chief Executive Tim Sloan on Tuesday for his handling of a massive sales practices scandal at the third-largest American bank and challenged him to allow aggrieved customers to sue. Wells Fargo has disclosed […]


Capital and risk, Credit

Wells Fargo Agents $275MM Oncor Electric Facility

September 28, 2017

Via: ABF Journal

Oncor Electric Delivery entered into a term loan credit agreement with Wells Fargo Bank as administrative agent. The agreement provides for a springing-lien term loan credit facility in an aggregate principal amount of $275 million. The term loan agreement has […]


Products, Retail banking

Report: JPMorgan Most Popular Brand, U.S. Bank Most Loyal Customers

September 25, 2017

Via: ABF Journal

Brand Finance conducted research on bank brands in 22 markets to see how customers’ opinions have changed in an era of major disruption to the industry. David Haigh, CEO of Brand Finance, commented, “As global banks retreated after the Great […]


Regulations

Wells Fargo Must Be Cleansed

September 5, 2017

Via: TheStreet

It’s time for a new board and perhaps a new chief executive officer at Wells Fargo (WFC) now that we have found that there were 67% more fraudulent accounts created to inflate earnings than previously thought. The addition of 1.4 […]


Channels

Wells Fargo Seeks Partnerships to Give Mobile Users Better Experience

August 15, 2017

Via: Bank Innovation

Wells Fargo has been going through a rough patch lately, but the bank itself is focused on moving forward. This is especially true when it comes to digital banking. The San Francisco-based bank is looking at partnerships as a way of […]