Wells Fargo Appoints Santomassimo CFO, Shrewsberry to Retire

Mike Santomassimo will join Wells Fargo in fall 2020 as CFO. Santomassimo will report to Charlie Scharf, CEO of Wells Fargo, and serve on the company’s operating committee. Santomassimo will succeed John Shrewsberry, who plans to retire. read more

JUL 22, 2020 - 7:13 am

Wells Fargo Attributes 2019 Losses of $1.9B to Ongoing Litigation

Wells Fargo reported 2019 net income of $19.55 billion, down from $22.39 billion in 2018. Revenue was $85.1 billion, down from $86.4 billion a year earlier. read more

JAN 15, 2020 - 6:50 am

Hardison, Julian Take Leaves of Absence from Wells Fargo

Chief Administrative Officer Hope Hardison and Chief Auditor David Julian have begun leaves of absence from Wells Fargo and will no longer be members of the company’s Operating Committee. read more

OCT 25, 2018 - 6:55 am

Wells Fargo Acknowledges CFPB/OCC Probe, Reports ‘Preliminary’ Q1

Wells Fargo reported “preliminary” Q1/18 earnings of $5.9 billion were up from $5.6 billion a year earlier. In a supplement, Wells Fargo said Q1 results could change to reflect accruals to cover a CFPB/OCC matter. read more

APR 16, 2018 - 7:35 am