AOL22d
Best financial ETFs: Top funds for banks, insurers and REITs
Holdings include large money-center banks, such as Wells Fargo and Bank of America ... The ETF’s major holdings include Robinhood, BGC Group and Interactive Brokers. This fund aims to track ...
Fed Ends Two Wells Fargo Orders Tied to Mortgage Practices
The Federal Reserve terminated two mortgage-related enforcement actions against Wells Fargo & Co. from more than a decade ago ...
Wells Fargo clears two more regulatory hurdles as asset cap remains
Regulators have closed nine consent orders against Wells Fargo since 2019. Just last week, the Consumer Financial Protection Bureau ended its 2022 consent order related to the bank's auto lending, ...
Wells Fargo confirms termination of two Federal Reserve consent orders
Wells Fargo (WFC) confirmed that the Federal Reserve Board of Governors terminated two consent orders: a 2011 consent order regarding the ...
Wells Fargo Says Fed Closes Two Longstanding Enforcement Actions Against It
The closures have no impact on the Fed's 2018 consent order that required the bank to overhaul its governance and risk management processes and imposed a $2 trillion asset cap on the bank. Wells Fargo ...
Two more Wells Fargo federal consent orders terminated. But growth cap remains for now
In 2011, the bank was ordered to pay an $85M civil penalty, the largest the Fed had assessed in a consumer-protection enforcement action.
Wells Fargo executives plot life after $36 billion punishment
Seven years into a U.S. cap on assets, executives are awaiting a verdict on whether they’ve done enough to appease the ...
Wells Fargo Keeps Their Buy Rating on WEC Energy Group (WEC)
Wells Fargo analyst Neil Kalton reiterated a Buy rating on WEC Energy Group (WEC – Research Report) yesterday and set a price target of ...
Wells Fargo confirms termination of two Fed consent orders
Wells Fargo (WFC), which has been working for years to resolve a string of regulatory issues, confirmed on Tuesday that the Federal Reserve terminated two longstanding consent orders,.
Reuters7d
Wells Fargo's co-CEO of investment banking Jon Weiss to step down
Jan 30 (Reuters) - Wells Fargo's (WFC.N), opens new tab co-CEO of corporate and investment banking (CIB), Jon Weiss, has informed the bank of his intention to retire and will step down from his ...
Wells Fargo raises interest income forecast as strong dealmaking drives profit beat
Wells Fargo's profit beat expectations in the fourth quarter, powered by a rebound in dealmaking activity and forecast it would earn more from interest payments this year, sending shares up 6%.
American Banker21d
Why investors seem giddy about once-troubled Wells Fargo
UPDATE: This article includes new details from Wells Fargo's earnings call and an interview with an analyst. After a decade in regulatory limbo, Wells Fargo seems closer than ever to being released.