Kevin Reen and Bill Juliano, who recently worked for J.P.Morgan Chase and Santander Bank respectively, will now serve as Wells Fargo‘s new corporate risk leaders, in the company’s attempt to have better oversight going forward. Get the Full Story Complete the form to unlock this...
Analysts at UBS Securities lowered Wells Fargo’s rating and earnings forecast, saying the bank will have a tougher time bouncing bank from the coronavirus pandemic — more so than other financial institutions (FIs). Get the Full Story Complete the form to unlock this article and enjoy...
The Federal Reserve Board has eliminated its six-per-month limit on transfers and withdrawals from savings accounts as the nation continues to adapt to changes caused by COVID-19. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The Monetary Authority of Singapore (MAS) said on Tuesday (April 7) that it will allow banks more leeway with regulatory requirements and programs so that financial institutions (FIs) can do more to boost business during the coronavirus crisis. Get the Full Story Complete the form...
In Egypt, banks have been told to impose a limit on cash withdrawals and deposits in a move to hopefully stop hoarding and inflation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
The Federal Deposit Insurance Corporation (FDIC) is setting new regulations for FinTechs and industrial banks that will enhance transparency and establish record-keeping requirements, the agency said on Tuesday (March 17). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
The U.S. Federal Reserve has announced that it’s prepared to use its “full range of tools” to help households and businesses and stay on top of employment and price stability targets during the coronavirus crisis, according to a release. Get the Full Story Complete the...
The recent resignations of Wells Fargo board Chairman Elizabeth Duke and board member James Quigley drew criticism by Congress during the first hearing on Capitol Hill on Wednesday (March 11) about the bank’s fake accounts scandal, Bloomberg reported. Get the Full Story Complete the form...
Wells Fargo Board of Directors Chair Elizabeth Duke has resigned days before she was scheduled to testify at a congressional hearing about the bank, according to reports on Monday (March 9). Get the Full Story Complete the form to unlock this article and enjoy unlimited...
