Wells Fargo Confirms Termination of Two Longstanding Federal Reserve Consent Orders
Wells Fargo & Company (
NYSEWFC) today confirmed that the Federal Reserve Board of Governors terminated two longstanding consent orders: a 2011 consent order regarding the company’s legacy mortgage servicing activities and a 2011 consent order regarding its legacy Wells Fargo Financial business. Wells Fargo’s regulators have now closed nine consent orders since 2019.
Wells Fargo to Present at the UBS Financial Services Conference
Wells Fargo & Company (
NYSEWFC) said today that Chief Financial Officer Mike Santomassimo will present at the UBS Financial Services Conference on Tuesday, Feb. 11, 2025 at 8:50 a.m. ET.
Wells Fargo Survey: Commercial Business Sentiment Reaches its Highest Level in Four Years, Following the Election
Wells Fargo today released its 2024 Q4 Commercial Business Sentiment Report in collaboration with Barlow Research Associates. Following the 2024 presidential election, survey results found that commercial business sentiment had not only improved when compared to Q3 2024, but reached the highest sentiment index score, 112.9, recorded in the past four years (up from 102.3 in Q3 2024). Between November 15 – November 22, 2024, 307 commercial companies with annual revenues ranging from $10 million to $500 million were surveyed about the state of their businesses, the economy, growth opportunities, and areas of concern.
Jon Weiss, Co-CEO of Corporate & Investment Banking, to Retire from Wells Fargo
Wells Fargo & Company (
NYSEWFC) announced today that Jon Weiss, Co-CEO of Corporate & Investment Banking (CIB), has informed the company of his intention to retire. Weiss, who has been with Wells Fargo for nearly 20 years, will step down as Co-CEO effective immediately and will formally retire on June 1, 2025. Fernando Rivas, who joined Wells Fargo in May 2024 as Co-CEO of CIB, will become CIB’s sole CEO.
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Wells Fargo & Company Announces Common Stock Dividend
Wells Fargo & Company (
NYSEWFC) today announced its board of directors approved a quarterly common stock dividend of $0.40 per share, payable March 1, 2025, to stockholders of record on Feb. 7, 2025.
Wells Fargo’s 2022 CFPB Consent Order Terminates
Wells Fargo & Company (
NYSEWFC) today announced that its 2022 consent order with the Consumer Financial Protection Bureau related to automobile lending, consumer deposit accounts, and mortgage lending has terminated. This is the seventh consent order closed by Wells Fargo’s regulators since 2019.
Wells Fargo Names Ed Olebe as Head of Cards and Merchant Services
Wells Fargo & Company (
NYSEWFC) announced today that Ed Olebe has been named the company’s new head of Cards and Merchant Services, effective immediately. Olebe joins Wells Fargo from JPMorgan Chase, where he served as president of Branded Cards.
These tech giants and startups are out to reshape wildfire defenseCalifornia residents over the past week have been up against unprecedented wildfires. The fires have led to devastating losses, with reports suggesting that
Wells Fargo Reports Fourth Quarter 2024 Financial Results
Wells Fargo & Company (
NYSEWFC) has released its fourth quarter 2024 financial results. The financial results are available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/ and on a Form 8-K filed by the company with the Securities and Exchange Commission (SEC) on Jan. 15, 2025, and available on the SEC’s website at www.sec.gov.
The Black Chamber of Arizona Announces Recipients of SEDI Business Supportive GrantPHOENIX, Ariz., Jan. 8, 2025 (SEND2PRESS NEWSWIRE) -- The Black Chamber of Arizona is proud to announce the recipients of its Socially and Economically Disadvantaged Individual (SEDI) Business Supportive Grant designed to help address the challenges SEDI-owned businesses face. The recipients were officially recognized and spotlighted at the Black Chamber of Arizona's 26th Anniversary Gala on December 13, where over 500 community leaders, national figures, and stakeholders gathered to celebrate economic impact and strides made to close the racial wealth gap. - News from Black Chamber of Arizona, issued by Send2Press Newswire
Wells Fargo to Announce Fourth Quarter 2024 Earnings on Jan. 15, 2025
Wells Fargo & Company (
NYSEWFC), as previously announced, will report its fourth quarter 2024 earnings results on Wednesday, Jan. 15, 2025, at approximately 7:00 a.m. Eastern time. The results will be available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/. In addition to being available on the company’s Investor Relations website, the earnings results also will be available on the Securities and Exchange Commission website at https://www.sec.gov.
Oxford Harriman & Company Merges with Integrity Wealth Advisors in Middleton, WisconsinCleveland, Ohio--(Newsfile Corp. - December 24, 2024) - Oxford Harriman & Company is excited to announce their recent merger with...
Leveling the Playing Field for Asian American Women EntrepreneursSPONSORED CONTENT -- (StatePoint) There are over 1.3 million Asian American women-owned businesses today, generating $265.2 billion in revenue and employing 1.4 million people.
Wells Fargo Bank Decreases Prime Rate to 7.50 Percent
Wells Fargo Bank, N.A., said today it is decreasing its prime rate to 7.50 percent from 7.75 percent, effective tomorrow, Dec. 19, 2024.
Why Helping LGBTQ+-Owned Businesses Succeed Helps EveryoneSPONSORED CONTENT -- (StatePoint) The United States’ estimated 1.4 million LGBTQ+ business owners employ tens of thousands of Americans and contribute 1.7 trillion dollars to the national economy. However, barriers persist that make it harder for LGTBQ+-owned businesses to thrive.
Wells Fargo Investment Institute Signals the U.S. is Positioned to Power the Global Economy in 2025
Wells Fargo Investment Institute (WFII) today released its “2025 Outlook: Charting the Economy’s Next Chapter.” WFII’s global economic outlook is that the U.S. economy’s continued expansion will lead the world economy. As well, the U.S. stock market rally will broaden, with earnings being the primary driver of prices across equity asset classes.
Americans Prioritize Giving, Even When Squeezed by Economic UncertaintySPONSORED CONTENT -- (StatePoint) A new study reveals Americans’ relationship with charitable giving. While generosity is a core value for three-quarters of Americans, economic concerns have caused some to tighten their purse strings. Nevertheless, many Americans are open to advice for how they can prioritize philanthropy.
Wells Fargo to Present at the Goldman Sachs Financial Services Conference
Wells Fargo & Company (
NYSEWFC) said today that Chief Executive Officer Charlie Scharf will present at the Goldman Sachs Financial Services Conference on Wednesday, Dec. 11, 2024 at 8:40 a.m. ET.
Increasing Native Representation in the Financial Services IndustrySPONSORED CONTENT -- (StatePoint) Ensuring that financial service providers reflect the diversity of the people they serve is key to creating an inclusive financial system that offers everyone a chance to thrive. That’s according to the authors of a new report.
Empowering Businesses Through Innovation: The Safe Haven Solutions StoryListen To This Article Safe Haven Solutions has established itself as a global leader in IT consulting and managed services, with nearly 20 years of experience helping businesses thrive. The company specializes in cloud computing, cybersecurity, and global network solutions, partnering with renowned Fortune 500 clients like Louis Vuitton, AT&T, Hallmark, and Wells Fargo. By […]
Helping Students With Disabilities Pay for CollegeSPONSORED CONTENT -- (StatePoint) Every student deserves a fair shot. Fortunately, opportunities exist to help people with disabilities pursue the education and training they need to succeed in their chosen career path.
Wells Fargo Supports Disaster Recovery With $2 million Grant to Team Rubicon
The Wells Fargo Foundation is donating $2 million to Team Rubicon over the next two years to support lasting disaster relief, including most recently in the hard-hit Southeastern United States. This funding will enable thousands of volunteers, including military veterans, first responders and civilians to deploy quickly and for extended periods of time, providing critical support to communities as they rebuild.
Wells Fargo & Company Declares Cash Dividends on Preferred Stock
Wells Fargo & Company (
NYSEWFC) today announced dividends on six series of preferred stock.
