wells fargo

Dimon Criticizes Wells For ‘Irresponsible’ Succession Plan
Dimon Criticizes Wells For ‘Irresponsible’ Succession Plan
May 28, 2019  |  Banking

The CEO of JPMorgan, Jamie Dimon, said Wells Fargo was “irresponsible” for not having a succession plan in place before announcing CEO Tim Sloan’s departure, according...

READ MORE >
For Wells Fargo CEO, (A Lot Of) Scrutiny Ahead
For Wells Fargo CEO, (A Lot Of) Scrutiny Ahead
May 21, 2019  |  Bank Regulation

Wells Fargo has been under the proverbial microscope — and now, even more, so will its CEO. The scandal-scarred bank is on the lookout for...

READ MORE >
Large US Banks See Credit Quality Decrease
Large US Banks See Credit Quality Decrease
May 20, 2019  |  Banking

Large U.S. banks are seeing a deterioration in commercial lending portfolios for the first time in three years, according to a report by the Financial...

READ MORE >
Wells Fargo Taps TransferMate For Global Invoicing
Wells Fargo Taps TransferMate For Global Invoicing
May 20, 2019  |  Cross Border Commerce

TransferMate Global Payments, the cross-border B2B payments provider, announced Monday (May 20) it inked a deal with Wells Fargo to deliver its Global Invoice Connect...

READ MORE >
Crypto And The (Lack Of) Bank Funding Conundrum
Crypto And The (Lack Of) Bank Funding Conundrum
May 17, 2019  |  Cryptocurrency

All businesses need capital to survive. That is especially true for embryonic firms with untested business models or products or services. The lack of access...

READ MORE >
Financial Software Firm OpenFin Raises $17M
Financial Software Firm OpenFin Raises $17M
May 17, 2019  |  Investments

In a Wells Fargo & Co.-led round, financial services software startup firm OpenFin notched $17 million in funding. Barclays also participated in the round, as...

READ MORE >
OCC Will Vet Wells Fargo’s Next CEO
OCC Will Vet Wells Fargo’s Next CEO
May 15, 2019  |  Regulation

The U.S. Comptroller of the Currency (OCC) has told Congress he would use his office’s power to review any candidate put forward by Wells Fargo...

READ MORE >
Wells Fargo Appoints Derek Flowers To New Position To Oversee Compliance
Wells Fargo Appoints Derek Flowers To New Position To Oversee Compliance
May 09, 2019  |  Personnel

Derek Flowers has been named Wells Fargo‘s head of strategic execution and operations, a new position created by the lender to oversee compliance. A memo from...

READ MORE >
Wells Fargo Closer To Choosing New CEO, Contacts Bridgewater’s Eileen Murray
Wells Fargo Closer To Choosing New CEO, Contacts Bridgewater’s Eileen Murray
May 06, 2019  |  Personnel

Wells Fargo has contacted Bridgewater Associates Co-CEO Eileen Murray about the bank’s open CEO job, according to reports. Part of the process includes calling Murray’s...

READ MORE >