Tag Archives: Wells Fargo

As homeowners and other borrowers seek debt relief during the coronavirus pandemic, America’s four largest banks report at least $151.5 billion in loans with payments in deferral at midyear.

While one posted record revenues, the other’s CEO said he was “extremely disappointed” in the Q2 2020 results, which saw its mortgage income fall drastically.

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.