wells fargo

Wells Fargo and Rent-Rewards Card Bilt Deny Troubles Despite Reported $10M in Monthly Losses
Wells Fargo and Rent-Rewards Card Bilt Deny Troubles Despite Reported $10M in Monthly Losses
June 16, 2024  |  Credit Cards

Wells Fargo and Bilt are denying reports that their co-branded credit card relationship is in trouble. The banking giant teamed with the FinTech startup in...

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Wells Fargo Employees Let Go for Using ‘Mouse Jigglers’ at Work
Wells Fargo Employees Let Go for Using ‘Mouse Jigglers’ at Work
June 13, 2024  |  Personnel

Wells Fargo has reportedly fired more than a dozen workers accused of faking work. These employees, all part of the banking giant’s wealth/investment management arm,...

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Wells Fargo CEO: Regulators Restricting Corporate Lending Business
Wells Fargo CEO: Regulators Restricting Corporate Lending Business
May 29, 2024  |  Banking

Wells Fargo CEO Charlie Scharf reportedly told investors Wednesday (May 29) that the bank could be doing more corporate lending and trading if regulators lifted the...

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Wells Fargo Launches Business Credit Card With Cash Rewards
Wells Fargo Launches Business Credit Card With Cash Rewards
May 10, 2024  |  B2B Payments

Wells Fargo has launched a business credit card designed to provide easy-to-understand cash rewards. The new Signify Business Cash Worldwide Elite Mastercard offers unlimited 2% cash rewards on...

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Wells Fargo: US Authorities Are Investigating Zelle Complaint Handling
Wells Fargo: US Authorities Are Investigating Zelle Complaint Handling
May 03, 2024  |  Regulation

Wells Fargo said Thursday (May 2) that U.S. authorities are investigating the handling of complaints about Zelle. This disclosure in a filing with the Securities and Exchange Commission (SEC)...

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Banks Pay Savers More to Stay Amid Steep Interest Rates
Banks Pay Savers More to Stay Amid Steep Interest Rates
April 28, 2024  |  Banking

For America’s biggest banks, deposit costs are exceeding interest income. That’s the first time that’s happened since the Federal Reserve began increasing rates two years...

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Senators Press Banks for Better Defenses Against Wire Fraud
Senators Press Banks for Better Defenses Against Wire Fraud
April 19, 2024  |  Security & Fraud

The looming specter of wire fraud has spurred lawmakers to press big banks for better defenses against bad actors — and a detailing of the impact the...

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Banks Report Lending Slows as Corporate Borrowers Pay Down Debt
Banks Report Lending Slows as Corporate Borrowers Pay Down Debt
April 16, 2024  |  Banking

The largest U.S. banks are reporting a slowdown in lending. Bank of America and PNC were the latest to do so, with the former reporting Tuesday (April 16)...

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Banks Cut 5,000 Jobs in Q1 Amid Uncertain Economic Climate
Banks Cut 5,000 Jobs in Q1 Amid Uncertain Economic Climate
April 16, 2024  |  Personnel

The largest U.S. banks cut a total of more than 5,000 jobs during the first quarter. They did so to control costs during an uncertain...

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