wells fargo

PayPal Taps Wells Fargo Veteran Amy Bonitatibus as Chief Corporate Affairs and Communications Officer
PayPal Taps Wells Fargo Veteran Amy Bonitatibus as Chief Corporate Affairs and Communications Officer
March 06, 2024  |  Personnel

PayPal has announced the appointment of its newest chief corporate affairs and communications officer, Amy Bonitatibus. Bonitatibus will begin her new role on May 28,...

READ MORE >
Wells Fargo Courts Frequent Travelers With New Autograph Card
Wells Fargo Courts Frequent Travelers With New Autograph Card
March 06, 2024  |  Credit Cards

Wells Fargo has added a card to its Autograph suite to woo frequent travelers.  The banking giant’s Autograph Journey card, announced Wednesday (March 6), offers accelerated earnings...

READ MORE >
Cash App Launches Offer of Up to 4.5% Interest on Savings
Cash App Launches Offer of Up to 4.5% Interest on Savings
February 15, 2024  |  Digital-First Banking

Cash App is now offering up to 4.5% interest on savings. “Earn up to 4.5% interest on your savings on Cash App through our partner bank...

READ MORE >
OCC Closes Sales Practices Consent Order Against Wells Fargo
OCC Closes Sales Practices Consent Order Against Wells Fargo
February 15, 2024  |  Regulation

The Office of the Comptroller of the Currency terminated a 2016 consent order against Wells Fargo. The consent order concerned deficiencies and unsafe or unsound...

READ MORE >
Big Banks See Overdraft Fee Revenues Fall 25%
Big Banks See Overdraft Fee Revenues Fall 25%
February 11, 2024  |  Banking

America’s three biggest consumer banks saw their overdraft fee revenues fall 25% in 2023. J.P. Morgan Chase, Bank of America and Wells Fargo collected $2.2 billion in total in those...

READ MORE >
CFPB Says Overdraft Fees Are Junk Fees — But Are They?
CFPB Says Overdraft Fees Are Junk Fees — But Are They?
January 17, 2024  |  Bank Regulation

Labels are popular on Capitol Hill. And this week the labels are flying fast and furiously, aimed at big banks and credit unions. The Consumer...

READ MORE >
Big Bank Earnings Show Digital’s App-Driven Appeal to Consumers
Big Bank Earnings Show Digital’s App-Driven Appeal to Consumers
January 16, 2024  |  Digital Banking

As earnings season rolls on, key themes from banks are emerging. Consumers are continuing to engage with their banks via mobile means, and branches are...

READ MORE >
Big Banks: Commercial Lending Losses Creep Up, Deposits Decline Slightly
Big Banks: Commercial Lending Losses Creep Up, Deposits Decline Slightly
January 15, 2024  |  Banking

The initial headlines and initial takes on big bank earnings may have focused on the state of the consumer, on card spending, especially. But there’s...

READ MORE >
Wells Fargo Sees Credit Card Spending Up 15% for Q4
Wells Fargo Sees Credit Card Spending Up 15% for Q4
January 12, 2024  |  Earnings

Wells Fargo benefited from a strong economic environment and higher interest rates in 2023. Wells Fargo CEO and President Charlie Scharf said Friday (Jan. 12)...

READ MORE >