Wells Fargo
The Latest
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Wells Fargo CEO Announces Upcoming Job Cuts and Hefty Severance Expenses
Wells Fargo, the fourth-largest bank in the U.S. by assets, is bracing for substantial layoffs, with CEO Charlie Scharf revealing plans for significant severance expenses in the fourth quarter. Wells Fargo, the fourth-largest bank in the U.S. by assets, is bracing for substantial layoffs, with CEO Charlie Scharf revealing plans for significant severance expenses in the fourth quarter. -
Wells Fargo Layoffs Include Top Producers
The company cut bankers who operated in areas outside of its branch footprint and who therefore didn’t fit in Wells Fargo's new strategy The company cut bankers who operated in areas outside of its branch footprint and who therefore didn’t fit in Wells Fargo's new strategy -
Wells Fargo Moves To Significantly Shrink Mortgage Business: Report
The company will now focus on home loans for existing bank and wealth management customers and borrowers in minority communities The company will now focus on home loans for existing bank and wealth management customers and borrowers in minority communities -
Dipping U.S. Loan Volume Spark Layoffs Fears At Wells Fargo
Employees are on edge after Wells Fargo began cutting workers in April and internal projections point to more departures. Employees are on edge after Wells Fargo began cutting workers in April and internal projections point to more departures. -
Wells Fargo Agrees To Pay $250 Million Fine Over Business Oversight
Wells Fargo signed a consent order issued by the OCC and agreed to pay another $250 million fine for failing to comply with a 2018 settlement. Wells Fargo signed a consent order issued by the OCC and agreed to pay another $250 million fine for failing to comply with a 2018 settlement. -
Wells Fargo Fires More Than 100 Staff For Deception To Secure Pandemic Relief
The funding, as well as other government and state stimulus programs, has been the target of scammers. The funding, as well as other government and state stimulus programs, has been the target of scammers. -
Wells Fargo Cuts More Jobs As Part Of Earlier Cost-Cutting Drive
Wells Fargo & Co has started to cut jobs at its commercial banking unit as part of larger reductions that will impact nearly all of its functions and business lines, a company spokeswoman said on Wednesday. Wells Fargo & Co has started to cut jobs at its commercial banking unit as part of larger reductions that will impact nearly all of its functions and business lines, a company spokeswoman said on Wednesday. -
Warren Buffet's Berkshire Hathaway Bailing Fast On Wells Fargo
Berkshire Hathaway has sold more than 100 million Wells Fargo shares recently, a filing shows. Berkshire Hathaway has sold more than 100 million Wells Fargo shares recently, a filing shows. -
Wells Fargo Launches Major Cost-Cutting, Thousands Seen To Lose Jobs
Wells Fargo will provide separation pay and career aid to staff who will lose their jobs. Wells Fargo will provide separation pay and career aid to staff who will lose their jobs. -
Wells Fargo Will No Longer Accept Home Loan Applications Until Economy Rebounds
Suspension to stay in effect until executives get a better grasp of what economic rebound would look like Suspension to stay in effect until executives get a better grasp of what economic rebound would look like