Wells Fargo’s board of directors amended the company’s by-laws to require the separation of the chairman and CEO roles and for the chairman and vice chairman of the board to be independent directors. read more

DEC 2, 2016 - 6:57 am

Wells Fargo is providing $11.2 million to help 12 Community Development Financial Institutions better serve diverse-owned small businesses. read more

NOV 22, 2016 - 6:55 am

Wells Fargo reported lease financing average balances for Q3/16 of $18.9 billion, up 53.7% from $12.3 billion a year earlier. The company noted strong loan growth included the GE Capital portfolio acquisitions. read more

OCT 17, 2016 - 7:20 am

Wells Fargo Chairman and CEO John Stumpf will retire, effectively immediately. Tim Sloan, company president and chief operating officer, was elected to succeed him as CEO. read more

OCT 13, 2016 - 6:44 am

Wells Fargo completed the purchase of the Europe, Middle East and Africa segment of GE Capital’s Commercial Distribution Finance business. read more

OCT 4, 2016 - 7:21 am

Wells Fargo will launch an independent investigation into the company’s retail sales practices. CEO John Stumpf will forfeit more than $41 million of stock, bonus and salary during the investigation. read more

SEP 28, 2016 - 7:11 am

The Consumer Financial Protection Bureau fined Wells Fargo $100 million for the illegal practice of secretly opening unauthorized accounts. The CFPB said the bank would also pay additional penalties of $35 million and $50 million to the OCC and the City of Los Angeles, respectively.    read more

SEP 9, 2016 - 6:50 am

Erickson, formerly known as Erickson Air Crane, and Erickson Helicopters, formerly known as Evergreen Helicopters, entered into a credit agreement amendment with a lender group led by Wells Fargo as administrative agent. read more

SEP 6, 2016 - 6:45 am

The Oregonian reported that Wells Fargo is demanding that helicopter operator, Erickson, refinance its $140 million credit line in full by the end of August. read more

AUG 15, 2016 - 7:33 am

David Kowach was named president and head of Wells Fargo Advisors, Wells Fargo’s national retail brokerage, effective immediately. read more

AUG 12, 2016 - 8:14 am

Wells Fargo opened its newest Middle Market Banking office in Portland, ME. Rob Small and Dave Ott have joined the firm, from TD Bank and BofA Merrill, respectively, and will be based in the new office. read more

AUG 8, 2016 - 6:55 am

Wells Fargo completed the purchase of the Australian and New Zealand segments of GE Capital’s Commercial Distribution Finance business. read more

AUG 1, 2016 - 8:28 am

Wells Fargo reported Q2/15 earnings of $5.6 billion were down from $5.7 billion a year earlier despite higher revenues. The bank noted a Q2 provision charge $1,074 million compared to $300 million a year earlier. read more

JUL 18, 2016 - 7:54 am

The Wall Street Journal reported that 20 of the world’s biggest banks have lost 25% of their aggregate market value — approximately $465 billion — according to data from FactSet. read more

JUL 11, 2016 - 6:50 am

Wells Fargo completed the purchase of the Asia segment of GE Capital’s Commercial Distribution Finance business. The acquisition includes CDF assets and 46 team members. read more

JUL 1, 2016 - 7:05 am