Tag: Wells Fargo

Activity, Insurance

Wells Fargo Settling California Car Loan Suit for $385M

June 10, 2019

Via: Insurance Journal

Wells Fargo has agreed to pay at least $385 million to settle a California lawsuit alleging it signed up thousands of auto loan customers for costly car insurance without their consent, resulting in many having their vehicles repossessed. The bank […]

Activity, Corporate Banking

Wells Fargo Unveils New Commercial Banking Structure

June 5, 2019

Via: ABF Journal

Wells Fargo revealed its new leadership team and regional structure for its Commercial Banking business, led by Kyle Hranicky, a 25-year company veteran. With this new structure, Wells Fargo Commercial Banking has more than 6,000 team members across 24 divisions […]

Products, Retail Banking

8 top banking apps

April 4, 2019

Via: Market Watch

Technology makes life easier. And convenience is everything. That’s why banking online, particularly mobile banking, is so popular. But which banking app is best? The editorial team looked at some of the best banking apps out there to help […]

Activity, Corporate Banking

After Consumer Scandals, Wells Fargo Struggles to Recruit Corporate Clients

April 1, 2019

Via: ABF Journal

Three years after a sales practice scandal rocked the bank, Wells Fargo is struggling to recruit new clients for its corporate bank, according to a new report from Reuters. Though Wells Fargo has recovered somewhat on its consumer side, corporate […]

Activity, Corporate Banking

Wells Fargo CEO and President Sloan to Retire

March 29, 2019

Via: ABF Journal

Wells Fargo’s CEO and president Timothy J. Sloan will retire from the company, effective June 30, 2019, and will step down as CEO, president, and board member effective immediately. The board has elected C. Allen Parker, who served as the […]

Activity, Corporate Banking

JP Morgan escalates deposit wars with expansion into the heart of Bank of America country

March 13, 2019


As J.P. Morgan Chase builds out its web of branches across the U.S., it is launching into areas long dominated by two of its biggest rivals. J.P. Morgan is expanding into nine new U.S. markets as it fills gaps in […]

Activity, Corporate Banking

Wells Fargo Details Plan to Rebuild and Transform

March 12, 2019

Via: ABF Journal

Wells Fargo provided an update on the progress the company has made and is making as part of its transformation to build a better, stronger company in a new progress report available on its website. “While we have more work […]

Activity, Corporate Banking

Wells Fargo Hires Scammahorn as Chief Auditor

February 7, 2019

Via: ABF Journal

Wells Fargo named Julie Scammahorn as its new chief auditor. Scammahorn will be based in San Francisco and report to CEO and President Tim Sloan and to the Audit and Examination Committee of the board of directors. Scammahorn has more […]

Activity, Corporate Banking

Wells Fargo Pays $575MM to Settle Claims Over Retail Practices

January 2, 2019

Via: ABF Journal

Wells Fargo agreed to pay $575 million to settle civil claims with all 50 state Attorneys General and the District of Columbia over its previous problematic retail sales practices, auto collateral protection insurance and guaranteed asset/auto protection and mortgage interest […]

Capital and Risk, Credit

Wells Fargo Provides $1B in Financing to Support ATD Chapter 11 Exit

December 26, 2018

Via: ABF Journal

Wholesale tire supplier American Tire Distributors (ATD) successfully completed its financial recapitalization, reduced its debt by approximately $1.1 billion and emerged from Chapter 11. Wells Fargo Capital Finance provided $1.005 billion in committed exit financing to support operations and future […]