Wells Fargo Chairman Stephen Sanger Likely to Step Down From Position
For those interested in banking and investing, you might find today’s news interesting. On Thursday, the Dow Jones reported that Wells Fargo Chairman Stephen Sanger will likely step down from his position as non-executive chairman. …
This is Why Wells Fargo’s Stock is Falling Today – August 4, 2017
Wells Fargo (NYSE:$WFC) saw its stock plummet on Friday, August 4th. As of 3:53 PM EDT, the bank’s stock has decreased by 0.96%. This was mainly due to a filing to the U.S. Securities and …
Wells Fargo Receives Subpoenas and Lawsuits Regarding Business Practices in its Auto Lending Unit
Merely months after a scandal broke out regarding the creation of unnecessary bank accounts without customer knowledge, Wells Fargo & Co (NYSE:$WFC) has found itself in yet another consumer scandal. Just last week, it was …
Wells Fargo Announced Plans to Refund Auto-Loan Customers Falsely Charged for Auto Insurance
Late Thursday (July 27) night, Wells Fargo & Company (NYSE:$WFC) announced its plans to refund certain auto-loan customers who might have been falsely charged for some auto insurance.
According to the bank, there …
Wells Fargo Begins Branch Closures to Focus on Digital Banking
Wells Fargo (NYSE:$WFC) has been known as one of the United States’ most reliable and efficient banks by analysts, investors, and consumers alike for a long time. As such, when the bank saw its efficiency …
This is Why Bank of America’s Stock is Getting all the Attention Today
Looks like banks are on the move Tuesday. If it weren’t for the growth in commodity stocks, financials would be the best performing industry today with a 1.5% gain. Throw a line, and you’re bound …
Wells Fargo’s Preferred Stock, Series A Stock, Went Above 6% Yield Mark Today
In trading on July 21, shares of Wells Fargo’s (NYSE:$WFC) 6.375% Cumulative Perpetual Preferred Stock, Series A (WFE.PRA) crossed the 6% yield mark based on its quarterly dividend, with shares changing hands as low as …
Bank of America Chooses Ireland as its New European Union Base
On Friday, July 21, Bank of America (NYSE:$BAC) became the first Wall Street lender to choose Dublin, Ireland as its new European Union base. The decision comes as Britain prepares to follow through with Brexit. …
Bank of America’s National System Outage Spooks Customers
On July 19, Bank of America (NYSE:$BAC) system outage shut customers out of their accounts for several hours.
Eric Sleeper, a Coral Springs resident, stated that he got an unsettling email from the …
This is Why Wells Fargo’s Second Quarter Results Shouldn’t Change Your Stance on the Stock
Major U.S. bank Wells Fargo (NYSE:$WFC) released its second quarter report on July 14, 2017. Although it surpassed bottom line expectations from analysts, the the top line estimates weren’t met. Upon the release of the …