|Bid||242.00 x 0|
|Ask||0.00 x 0|
|Day's Range||241.10 - 241.10|
|52 Week Range||213.90 - 241.10|
|PE Ratio (TTM)||59.81|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Wells Fargo (WFC) discovered that employees in its wholesale unit altered information related to customers’ records without the company’s knowledge. As a result, there are renewed concerns about the bank’s internal control systems. Wells Fargo (VFH) (XLF) reported the activities to the Office of the Comptroller of the Currency.
Major companies are tapping executives from some of the Bay Area’s most successful companies as directors, spreading the region’s influence, innovation and Silicon Valley ethos into the boardrooms of some of the nation’s biggest companies. The trend also reflects the caliber of talent working at Bay Area startups.
It was a busy week, with news that Cetera may have some serious suitors and more negative headlines for Wells Fargo. As you prepare for your Friday commute home, catch up on some of Barron’s Advisor Center’s top stories: Cetera gets courted. Tuesday brought news that LPL and Lightyear are taking close looks at Cetera Financial Group.
Investors' concerns related to some industry uncertainties, including easing of regulations, pulls banking stocks down.
A report from an investment bank identifies a baker’s dozen of regional banks looking to make money by growing deposit market share.
After sidestepping both the 2008 financial crisis and the subsequent Libor scandal — creating the impression that Wells Fargo actually did have values — the bank has spent the last few years cleaning up one awful mess after another. The biggest came first: Low-level bank officials had felt so pressured to meet impossible sales targets that they created fake accounts that customers didn’t ask for and didn't even know existed. The fake accounts were exposed by the Los Angeles Times in 2013.
James Athey, senior investment manager at Aberdeen Standard Investments, and Dale Winner, senior portfolio manager at Wells Fargo Asset Management, discuss the Brexit process thus far and its impact on ...
Some employees in a Wells Fargo & Co. unit that handles business banking improperly altered information on documents related to corporate customers, according to people familiar with the matter. The behavior again raises questions about Wells Fargo’s risk-management practices and controls. The bank has been sanctioned in recent months by federal regulators for problems in these areas and as a result can’t grow its balance sheet.
The employees in Wells Fargo's so-called wholesale unit, which is separate from its retail bank, added or altered information without customers' knowledge, the Journal reported https://on.wsj.com/2GrYFvd. The information added varied from social security numbers to addresses to dates of birth for people associated with business-banking clients, the WSJ reported.
Some employees in a Wells Fargo & Co unit that handles business banking improperly changed information on documents related to corporate customers, the Wall street Journal reported on Thursday, citing people familiar with the matter. The employees in Wells Fargo's so-called wholesale unit, which is separate from its retail bank, added or altered information without customers' knowledge, the Journal reported https://on.wsj.com/2GrYFvd. The information added varied from social security numbers to addresses to dates of birth for people associated with business-banking clients, the WSJ reported.
For the ambitious looking for the best-paying gigs on the city’s payroll, look no further than the San Francisco City & County Employees’ Retirement System.
The Dow Jones Industrial Average led the way lower, but did close above session lows. The Dow fell 0.22%, or 56 points to 24,713, while the Nasdaq declined 0.21%, or 16 points to 7,382, while the S&P 500 fell 0.09%, or 2 points to 2,720. "The court's ruling today represents a vindication of National Amusements' right to protect its interests," the company said in a statement.
A couple of Wall Street Journal stories worth noting: First, employees in Wells Fargo’s wholesale banking unit improperly altered information on documents related to business customers, the newspaper reports, ...
Wells Fargo employees in its wholesale banking business allegedly improperly altered information on documents related to corporate customers, The Wall Street Journal reports. The bank is under multiple ...
On Thursday, the Wall Street Journal reported that Wells Fargo recently discovered that employees were improperly altering the documents of business borrowers, adding information to the accounts without the consent or notifying the clients.
Wells Fargo & Co. has spent a lot of time and money trying to clean up its reputation after a series of damaging scandals, but Washington doesn’t seem ready to free the bank from its role as one of lawmakers’ favorite punching bags. Speaking Thursday at a breakfast sponsored by Wells Fargo, against a backdrop plastered with its logo, Representative Jeb Hensarling told reporters, lobbyists and consultants that fines against the San Francisco-based bank over its customer accounts scandal should’ve gone even further than they have. “What happened at Wells Fargo is nothing short of fraud and theft,” the House Financial Services Committee chairman said at the event hosted by Politico.
Last week, scandal-plagued Wells Fargo launched a new ad campaign that acknowledged the bank’s past mistakes and outlined the steps taken to correct its misbehavior. The tag line: “Established 1852, Re-Established 2018.” It turns out those ads might be a bit premature. Wells Fargo is in trouble again, this time over employees who allegedly altered…
Wells Fargo ( WFC) is currently embroiled in a scandal where it is alleged that employees opened millions of fake accounts under the names of unwitting customers. The scandal has rocked the banking industry, and has dealt a critical blow to the bank's reputation. The Federal Reserve announced that it will restrict the bank's growth in the light of consumer abuses till it sufficiently improves its governance and controls.
Wells Fargo dominated headlines when the company fraudulently created fake accounts for banking customers. The actions include changing Social Security numbers, addresses, date and birthdays in 2017 and earlier this year, according to the Journal's sources. Wells Fargo's latest scandal could be of concern to investors after the Federal Reserve capped the bank's ability to grow amid inadequate risk controls.