wells fargo

Why Wells Fargo Braked On Loans To Independent Auto Dealers
Why Wells Fargo Braked On Loans To Independent Auto Dealers
June 03, 2020  |  Loans

The coronavirus has idled all sorts of lending, as banks and other financial services firms eye consumers with wariness. Unemployment, after all, has skyrocketed, indicating that...

READ MORE >
Wells Fargo Cuts Off Lending Services For Independent Car Dealers
Wells Fargo Cuts Off Lending Services For Independent Car Dealers
June 02, 2020  |  Loans

Wells Fargo will no longer be giving loans to independent auto dealers, according to a report from CNBC. Last month, the bank sent letters to...

READ MORE >
Wells Fargo Announces New Risk Management Hires And Strategy
Wells Fargo Announces New Risk Management Hires And Strategy
June 01, 2020  |  Bank Regulation

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,...

READ MORE >
Investor Concerns Over Credit Losses Pull US Bank Stocks Down
Investor Concerns Over Credit Losses Pull US Bank Stocks Down
May 15, 2020  |  Investments

The U.S. banking industry is the runt of the litter of the current stock market rally as interest rates sink and loans crumble, according to...

READ MORE >
Goldman Looks For Bank Merger Partner
Goldman Looks For Bank Merger Partner
May 14, 2020  |  Partnerships / Acquisitions

Wells Fargo, PNC and U.S. Bancorp are the names on the shortlist of whom Goldman Sachs might approach for a merger deal amid declining earnings...

READ MORE >
Today In Payments: Investigators Question Wells Fargo Over PPP Loans; Visa Leads Latest Funding For FinTech Nium
Today In Payments: Investigators Question Wells Fargo Over PPP Loans; Visa Leads Latest Funding For...
May 06, 2020  |  News

In today’s top news, officials are investigating wells Fargo regarding its management of Paycheck Protection Program (PPP) loans, and Visa led the latest funding round...

READ MORE >
Federal, State Investigators Question Wells Fargo Over PPP Loans
Federal, State Investigators Question Wells Fargo Over PPP Loans
May 06, 2020  |  Security & Fraud

Federal and state officials are investigating Wells Fargo regarding the bank’s management of Paycheck Protection Program (PPP) loans. A regulatory filing on Tuesday (May 5)...

READ MORE >
Today In Payments: Analysts Say Wells Fargo Road To Recovery Will Be Tough; N26 Notches $100M Amid Pandemic Uncertainty
Today In Payments: Analysts Say Wells Fargo Road To Recovery Will Be Tough; N26 Notches...
May 05, 2020  |  News

In today’s top news, analysts lowered Wells Fargo’s rating, and N26 raised $100 million in funding. Plus, U.S. banks have extended over $500 billion in...

READ MORE >
Why Understanding Commerce’s New Normal Is Key To Fraud-Fighting Strategies
Why Understanding Commerce’s New Normal Is Key To Fraud-Fighting Strategies
May 05, 2020  |  Fraud Prevention

The last eight weeks has scrambled financial institutions’ tried and tested fraud-fighting approaches as transactions once seen as "abnormal" have become the new "normal." In...

READ MORE >