wells fargo

‘Green Shoots’ Or Scorched Earth: What We’ve Learned From Banks And Payment Networks’ Latest Earnings Calls
‘Green Shoots’ Or Scorched Earth: What We’ve Learned From Banks And Payment Networks’ Latest Earnings...
May 04, 2020  |  Banking

Amid the coronavirus pandemic and recessions, the old saying in life might hold true in business, and in particular for firms that rely on consumer...

READ MORE >
Wells Fargo Freezes New HELOCs As Mortgage Market Sputters
Wells Fargo Freezes New HELOCs As Mortgage Market Sputters
May 01, 2020  |  Loans

One of the nation’s biggest names in mortgage lending has put the brakes on home equity lines of credit (HELOC) as the economic turmoil caused...

READ MORE >
Lawsuits Allege Banks Played Favorites With PPP Loans
Lawsuits Allege Banks Played Favorites With PPP Loans
April 20, 2020  |  Legal

Separate class-action lawsuits were filed against Wells Fargo, Frost Bank, JPMorgan Chase, US Bancorp and Bank of America, alleging that the financial institutions (FIs) unlawfully...

READ MORE >
Banks’ $25B Loan Reserves Show Grim Expectations For Economic Road Ahead
Banks’ $25B Loan Reserves Show Grim Expectations For Economic Road Ahead
April 16, 2020  |  Economy

Against a backdrop where Labor Department data showed 5.2 million additional Americans filed for unemployment, it may make sense that banks’ outlooks for the future...

READ MORE >
Banking On A Rough Earnings Season For Banks
Banking On A Rough Earnings Season For Banks
April 13, 2020  |  Banking

Three months seems a lifetime ago, pre-coronavirus pandemic, pre-recession, pre-lockdown, pre-bailouts. The stark changes in all facets of daily life for the U.S. (and international)...

READ MORE >
Healthcare Payments AI, Subscription Churn, Turbo Tax Tool For Stimulus Payments Top This Week’s News
Healthcare Payments AI, Subscription Churn, Turbo Tax Tool For Stimulus Payments Top This Week’s News
April 10, 2020  |  News

It’s the end of the workweek, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and...

READ MORE >
Fed Temporarily Eases Wells Fargo’s Growth Limits To Assist SMBs
Fed Temporarily Eases Wells Fargo’s Growth Limits To Assist SMBs
April 08, 2020  |  Regulation

Wells Fargo is getting a break thanks to the COVID-19 pandemic. The Federal Reserve Board said on Wednesday (April 8) that they will temporarily and...

READ MORE >
Wells Fargo Says Lift Asset Cap To Helps SMBs
Wells Fargo Says Lift Asset Cap To Helps SMBs
April 06, 2020  |  Loans

Wells Fargo said it wants to help more with the federal government’s programs to disburse $350 billion in loans via the Paycheck Protection Program (PPP). But...

READ MORE >
Today In Payments: Wells Fargo To Cap SMB Bailout Loans At $10B; Apple Buys AI Voice Assistant Startup Voysis
Today In Payments: Wells Fargo To Cap SMB Bailout Loans At $10B; Apple Buys AI...
April 06, 2020  |  News

In today’s top news, Wells Fargo began taking loan applications, saying it will disperse $10 billion to nonprofits and small businesses, and Apple bought voice...

READ MORE >