wells fargo

Wells Fargo Debuts Banking Inclusion Effort For Underserved Communities
Wells Fargo Debuts Banking Inclusion Effort For Underserved Communities
May 17, 2021  |  Digital-First Banking

A new commitment from Wells Fargo will try and help underbanked individuals with affordable, easy bank accounts, according to Reuters on Monday (May 17). The...

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Big US Banks Pilot Credit Program For People With Low Or No Credit Scores
Big US Banks Pilot Credit Program For People With Low Or No Credit Scores
May 13, 2021  |  Banking

JPMorgan Chase, Wells Fargo and U.S. Bancorp are among the big U.S. banks working on a government initiative to get credit into the hands of...

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Consumer Spending, Low Credit Card Delinquencies Lifts Big Bank Earnings
Consumer Spending, Low Credit Card Delinquencies Lifts Big Bank Earnings
April 15, 2021  |  Banking

If there’s one universal theme thus far across bank earnings, across banks large and small, investment banking juggernauts and more retail-oriented firms … it’s that...

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Wells Fargo Reports 20 Pct Rise In Consumer Debit Card Spend Amid Pandemic Recovery   
Wells Fargo Reports 20 Pct Rise In Consumer Debit Card Spend Amid Pandemic Recovery   
April 14, 2021  |  Earnings

Wells Fargo reported Wednesday (April 14) results that showed approximately 6 percent growth in credit card-based spending, with notable growth of approximately 20 percent in...

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Wells, Citi, JPM Q1 To Reflect Focus On Resilient Consumer
Wells, Citi, JPM Q1 To Reflect Focus On Resilient Consumer
April 13, 2021  |  Earnings

Every three months earnings season arrives, like clockwork. And every three months we get commentary from publicly traded firms’ management on the health of the...

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Today In Digital First Banking: Wells Fargo To Sell Asset Management Operation; FDIC Says Bank Profits Fell 36.5 Pct In 2020
Today In Digital First Banking: Wells Fargo To Sell Asset Management Operation; FDIC Says Bank...
February 23, 2021  |  Digital-First Banking

In today’s top news in digital-first banking, Wells Fargo announced that it has made a deal to sell its asset management business for $2.1 billion,...

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Wells Fargo To Sell Asset Management Business For $2.1 Billion
Wells Fargo To Sell Asset Management Business For $2.1 Billion
February 23, 2021  |  Acquiring

San Francisco-based Wells Fargo announced on Tuesday (Feb. 23) that it had reached an agreement to sell its asset management business for $2.1 billion to...

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Wells Fargo Opts To Stay In Private-Label Card Business
Wells Fargo Opts To Stay In Private-Label Card Business
February 09, 2021  |  Credit Cards

Wells Fargo has decided to keep its private-label credit card business after testing the market for a possible sale, Bloomberg reported. The decision follows a...

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Wells Fargo Invests In Six Black-Owned Banks To Boost Equality
Wells Fargo Invests In Six Black-Owned Banks To Boost Equality
February 08, 2021  |  Banking

Wells Fargo, trying to invest more in Black-owned banks, has put equity investments into six of them thus far, according to a Monday (Feb. 8) press...

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