wells fargo

Wells Fargo Seeks Bidders For Private-Label Credit Card Unit
Wells Fargo Seeks Bidders For Private-Label Credit Card Unit
November 12, 2020  |  Acquiring

Wells Fargo & Co is seeking to sell its private-label credit card and point-of-sale (POS) financing unit as part of an ongoing strategic review of...

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Biz Card Innovation Accelerates Despite Spend Slowdown
Biz Card Innovation Accelerates Despite Spend Slowdown
November 11, 2020  |  B2B Payments

This week’s exploration of the latest in commercial card innovations finds a resilient market despite the perceived slowdown in corporate spend. Virtual cards continue to...

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Today In B2B: Xero Strengthens Expense Tech, Wells Accelerator Grows
Today In B2B: Xero Strengthens Expense Tech, Wells Accelerator Grows
November 06, 2020  |  B2B Payments

Today in B2B Payments, a corporate card startup is chosen for Wells Fargo’s accelerator program. Plus, Xero bolsters its expense management technology, Cashfree partners with...

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Wells Fargo Accelerator Adds Biz Card Startup Extend
Wells Fargo Accelerator Adds Biz Card Startup Extend
November 05, 2020  |  B2B Payments

Extend and Oliver have joined the ranks of Wells Fargo‘s Startup Accelerator, which a press release stated will afford them education, mentorship and investment to...

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Big Tech Earnings Cement Digital-First Economic Shift
Big Tech Earnings Cement Digital-First Economic Shift
November 02, 2020  |  Economy

Economic headwinds abound. This week marks the culmination of an election season like no other. Virus cases are rising. But as earnings season nears its...

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Builder Index Hits Record High As Suburbs Lure City Dwellers
Builder Index Hits Record High As Suburbs Lure City Dwellers
October 19, 2020  |  Real Estate

Builder confidence is surging for the second consecutive month, hitting a record high of 85 in October, according to the National Association of Home Builders...

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Bank of America, Citi, Wells Earnings Point To Uptick In Consumer Card Spend
Bank of America, Citi, Wells Earnings Point To Uptick In Consumer Card Spend
October 15, 2020  |  Earnings

Call it silver linings — maybe not yet green shoots. But bank earnings are showing that loan loss reserves were more conservative than needed (at...

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Wells Fargo Fires Over 100 For Allegedly Collecting COVID Relief Funds
Wells Fargo Fires Over 100 For Allegedly Collecting COVID Relief Funds
October 14, 2020  |  Security & Fraud

Wells Fargo has fired over 100 employees for allegedly improperly collecting COVID-19 relief funds, according to sources quoted by Bloomberg. The staffers reportedly defrauded the...

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Wells Fargo Sees Some Credit And Debit Card Gains Amid Generally Bad Q3
Wells Fargo Sees Some Credit And Debit Card Gains Amid Generally Bad Q3
October 14, 2020  |  Earnings

Despite reporting rough overall Q3 results Wednesday (Oct. 14), Wells Fargo called out strong mortgage banking fees, higher equity markets and declining sequential charge-offs as...

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