Wells Fargo

The Latest

  • Wells Fargo CEO Announces Upcoming Job Cuts and Hefty Severance Expenses
    BANKING
    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
    FIRED
    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
    US LENDER
    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
    FIRED
    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
    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
    FIRED
    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
    FOLDING
    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
    SPARK'S GONE.
    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
    FOLDING
    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
    US LENDER
    Suspension to stay in effect until executives get a better grasp of what economic rebound would look like
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