Tag Archives: Wells Fargo

Wells Fargo Corporate & Investment Banking (CIB), a division of Wells Fargo & Company has announced Jay Bryson has been named Chief Economist for its division, effective immediately.

Here are the other banks in the Office of the Comptroller of the Currency list of CRA performance evaluations of national banks, federal savings associations, and insured federal branches of foreign banks

Also, a coalition of states sent a letter to HUD urging action to protect seniors with Home Equity Conversion Mortgages.

Lester Owens joins Wells Fargo from Bank of New York Mellon. Prior to joining BNY Mellon, he spent 10 years at JP Morgan Chase, where he was responsible for Global Wholesale Banking Operations, among other roles.

A district judge said he is likely to approve a settlement of allegations involving wrongful foreclosures caused by a computer error.

Click through to read more details on the balance sheets for the banking giants during Q1 2020.

The Chairwoman of the House Financial Services Committee is seeking more information on reports that the bank was seeking to remove the asset cap introduced in the wake of its fake accounts scandal.

In addition, the bank will also be supporting its employees through a $10 million donation to its WE Care Fund.

The House Financial Services Committee heard testimony from the banks’ new CEO on the plans to rebuild public trust following the account scandal from 2016.

Charlie Scharf, Wells Fargo’s new CEO and President, called the action by former employees, including the opening of millions of unauthorized or fraudulent accounts “inexcusable.”