Wells Fargo Related Content

Wells Fargo Pays $3B to Settle DOJ and SEC Investigations of its Sales Practices

Wells Fargo has entered agreements with DOJ and SEC to resolve their investigations. Wells Fargo has agreed to make payments totaling $3 billion as part of the settlement. read more

Survey: Business Owner Optimism Softens, Digital Marketing Usage Up

The latest Wells Fargo/Gallup Small Business Index survey showed that most business owners have a positive outlook on their financial situation and plan to use digital marketing to attract new customers. read more

Former Wells CEO Stumpf Charged $17.5MM, Prohibited from Banking

The Office of the Comptroller of the Currency issued a prohibition order and a $17.5 million civil money penalty against former bank Chairman and CEO John Stumpf. read more

Wells Fargo Donates $250,000 to Australia Wildfire Relief Efforts

Wells Fargo donated $250,000 to the American Red Cross in response to the wildfires that continue to have a devastating impact on Australia and its residents. read more

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

Wells Names Sloan Chief Strategic Enterprise Risk Officer

Price Sloan will join Wells Fargo as chief strategic enterprise risk officer, effective January 13. read more

Wells Fargo Names Carr as Controller

Wells Fargo announced that Muneera Carr will join the company as controller, effective January 6, 2020. read more

Former Santander USA CEO Joins Wells Fargo as COO

Wells Fargo named Scott Powell its new chief operating office. He will serve on the company’s Operating Committee and report directly to CEO and President Charlie Scharf. read more

Wells Fargo Names Flores, Goins to Key Philanthropy Roles

Wells Fargo named Jenny Flores as lead of its small business growth philanthropy and company veteran Darlene Goins as head of financial health philanthropy. Both will be based in San Francisco. read more

Fisher to Join Wells Fargo, Modjtabai to Retire from PVSI Group

Ray Fisher will become the head of Wells Fargo’s Cards, Retail and Merchant Services group. In March 2020, Avid Modjtabai will retire from the bank’s PVSI group. read more

Daley Joins Wells Fargo as Vice Chairman of Public Affairs

Wells Fargo named William M. Daley vice chairman of Public Affairs. Daley will serve on the Operating Committee and report directly to CEO Charles Scharf. read more

Wells Fargo Names Kennedy Head of Business Continuity & Resiliency

Wells Fargo named Christel Kennedy head of Business Continuity and Resiliency, effective December 2. Kennedy will be based in New York and report to Saul Van Beurden, head of Technology. read more

Wells Fargo Capital Finance Expands UK Originations Team

Wells Fargo Capital Finance UK appointed Jake Hyman and Julian Osborne as business development officers. They will both report to Tom Weedall, head of UK Originations. read more

Wells Fargo Taps Lessard to Lead Realigned ABL/EF Team in Canada

Wells Fargo Commercial Capital realigned its Canada-based Equipment Finance and ABL originations teams into a newly integrated business unit, with Nicolas Lessard as the head of the combined team. read more

Wells Fargo Reports $4.6B in Income for Q3/19

Wells Fargo reported its financial results for Q3/19. Net income for the quarter was $4.6 billion, compared with $6.0 billion in Q3/18. read more

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