Wells Fargo & Co

Wells Fargo & Co reported a higher quarterly profit on Friday, as stabilizing credit costs helped offset the hit from low-interest rates meant to prop up the ailing economy during the COVID-19 pandemic.

Toronto-Dominion Bank said on Thursday it had agreed to buy U.S. lender Wells Fargo & Co's Canadian Direct Equipment Finance business.

Wells Fargo & Co Chief Executive Charlie Scharf will give investors more details on his long-awaited turnaround plan for the scandal-plagued bank this week.

Wells Fargo & Co said its political action committee (PAC) will pause political contributions for the foreseeable future to review its strategy at the outset of the new Congress and the administration of President-elect Joe Biden.

Wells Fargo & Company said on Tuesday the Office of the Comptroller of the Currency (OCC) had terminated a 2015 consent order related to an anti-money laundering compliance program after the bank took steps to remedy the problems.

Wells Fargo & Co has extended the ability to work from home for employees until at least March 1 amid the ongoing coronavirus outbreak, a spokeswoman for the bank said on Wednesday.

Wells Fargo & Co Chief Executive Officer Charlie Scharf said on Tuesday that the megabank will debut new financial reporting metrics in January to give better insights into its performance.

Wells Fargo & Co is exploring a sale of its asset management business, in what would be the U.S. bank's biggest shake-up since former Bank of New York Mellon chief executive Charles Scharf joined as CEO last year, people familiar with the matter said on Thursday.

Banks that facilitated the U.S. government's Paycheck Protection Program at first saw the effort as a small revenue booster with a patriotic bonus, shepherding $525 billion in loans to businesses slammed by the fallout of the COVID-19 pandemic.

Wells Fargo & Co has fired about 100 to 125 employees for unethically availing themselves of coronavirus relief funds, according to a source familiar with the matter.

Wells Fargo & Co has fired more than 100 employees for unethically getting coronavirus relief funds, Bloomberg News reported https://www.bloomberg.com/news/articles/2020-10-14/wells-fargo-wfc-fires-more-than-100-workers-over-covid-relief-fund-abuse on Wednesday, citing a...

Wells Fargo & Co's profit plunged 57% in the third quarter, missing Wall Street's expectations as persistent costs tied to its years-old sales practices scandal continued to haunt the bank.

Wells Fargo & Co reported a 57% drop in third-quarter profit on Wednesday as the bank's loan book shrank and near-zero interest rates and higher costs hurt its bottom line.

Wells Fargo & Co has started to cut jobs at its commercial banking unit as part of larger reductions that will impact nearly all of its functions and business lines, a company spokeswoman said on Wednesday.

Wells Fargo & Co has cut 700 commercial banking jobs as part of workforce reductions that could ultimately impact "tens of thousands" of staff, Bloomberg News reported on Wednesday citing people with knowledge of the matter.

Wells Fargo & Co and data aggregator Envestnet Yodlee said on Thursday they had signed a data exchange agreement, the latest move in an ongoing tug of war between fintechs and large banks over information sharing.

Wells Fargo & Co Chief Executive Officer Charles Scharf has apologized for making insensitive remarks around race and diversity, seeking to quell a row over his references to a shortage of talent among minority groups.

Wells Fargo & Co Chief Executive Officer Charles Scharf apologized on Wednesday for "making an insensitive comment reflecting my own unconscious bias", a day after Reuters reported he had exasperated Black employees by saying the bank had trouble with diversity goals due...

Wells Fargo & Co Chief Executive Charles Scharf exasperated some Black employees in a Zoom meeting this summer when he reiterated that the bank had trouble reaching diversity goals because there was not enough qualified minority talent, two participants told Reuters.