Six Black-owned banks receive funding from Well Fargo’s $50m MDI pledge
The banks will have access to a dedicated Wells Fargo relationship team.
bankingtech.com
Wells Fargo
2020 review: 10 largest regulatory fines this year
The fines kept flowing even in a year as turbulent as 2020.
2020 review: 10 largest bank job cuts this year
This year has seen several job cut announcements.
Three major US banks make up half of 2020’s $11.39bn fine total
Together, Goldman Sachs, Wells Fargo, and JPMorgan Chase paid $7.85 billion of this total.
Buffet sells another $2.5bn in Wells Fargo shares
The 136 million shares Berkshire owns are worth less than $3.3bn.
Wells Fargo extends 25-year processing partnership with TSYS
US bank resigns for TSYS payments technology.
Wells Fargo resumes job cuts after pandemic break
Layoffs, branch closures and cuts to third-party spending are on the table.
Wells Fargo compliance chief Mike Roemer steps down
The major US bank is undergoing a risk restructure.
PayPal nabs Wells Fargo’s Peggy Mangot for venture capital role
Mangot was behind the launch of Wells Fargo’s challenger app Greenhouse.
Wells Fargo hires Ather Williams III from Bank of America
Major US bank says its new head of strategy will drive innovation.
Wells Fargo mulls job cuts amid loan losses
The major US bank is looking at a strategic overhaul.
Report: Five success factors for an ideal ISO 20022 migration
ISO 20022 represents an opportunity for banks to reinvent the way they operate.
Goldman eyes up merger with Wells Fargo, PNC & US Bancorp on its shortlist
Goldman Sachs, “weakening biz model” would “force a merger,” says Charles Gasparino at Fox Business.
Wells Fargo agrees to pay $3bn fine for fraudulent account furore
US bank agrees to pay hefty settlement fine on ongoing probe.
Wells Fargo cuts 700 jobs, overhauls exec suite and invests $5m in crypto start-up
The bank is splitting its three-part structure into five.
Former Wells Fargo CEO barred from banking industry, fined $17.5m
Seven other former Wells Fargo executives were reprimanded by the OCC.
JP Morgan embroiled in yet another racism scandal
The New York Times obtained two recordings highlighting racial discrimination in the bank.
Wells Fargo hires Santander’s US chief as new COO
Scott Powell will be the bank’s new chief operating officer.
Wells Fargo ordered to pay USAA $200m for infringed payments patents
USAA has further lawsuits pending over cheque deposit system.
BIAN takes aim at core banking modernisation with new initiative
It wants to create an efficient and effective approach to core change.
Sibos 2019: Banks face existential threat from fintechs “willing to lose money”
Industry is “misjudging” competitive risk in payments.
Wells Fargo pilots internal settlement service using DLT
The pilot is planned for 2020.
TransferMate lands major deal with WellsFargo
The financial details haven’t been disclosed.
Wells Fargo makes record $240m settlement over fake bank accounts
Bank officials denied wrongdoing in agreeing to the settlement.
Wells Fargo well and truly has banking problems
Some problems still linger for mobile and online users.
US bank customers enter Glassbox’s digital world of pane
Clever customer management for JP Morgan Chase, Bank of America, Wells Fargo, and Citi.
Top ten lendtech stories in 2018
No groans, just loans. Our top ten lendtech stories in 2018.
Itaú, Wells Fargo and StanChart make $100m club loan on blockchain
Proof of concept used R3’s Corda Connect platform.
Sibos 2018: Alpha-bets S-Z
A brief look at four fintech firms that are worth watching out for at the Sibos show.
Top fintech stories this week – 28 September 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Wells Fargo plans to cut 26,500 jobs
Significant job cuts expected over the next three years, according to CEO.
Wells Fargo wholesale banking unit probed for fraud
US Justice Department checking out bank employees and management pressure.
Cardlytics hooks Wells Fargo as partner
Bank will launch Cardlytics Direct nationally and across all digital channels.
Wells Fargo customers lose homes due to IT glitch
The bank incorrectly denied hundreds of people mortgage modifications.
Core components of an AI programme
Don’t be afraid to start small.
London is the fintech crown jewel, says Wells Fargo
London is where it’s at, according to Bipin Sahni, head of innovation.
Wells Fargo under fire from USAA over remote deposit capture patent
USAA claims it is the original inventor of the technology.
Expensify and Wells Fargo team for deeper bank integration
Wells Fargo will pilot Expensify’s deeper bank integration programme.
Wells Fargo whacked with $1bn fine for lending violations
For US auto-loan administration and mortgage practices.
Customer experience at the centre of innovation agenda
Innovating is the only way to stay ahead in today’s dynamic marketplace.
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