Articles for tag
wells fargo
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Wells Fargo to pay $3B to settle fake accounts probes
Wells Fargo will pay $3 billion to settle investigations into its long-running scam that had company employees opening millions of bogus bank accounts in order to meet unrealistic sales goals. Since the fake-accounts scandal was revealed in 2016, the... -
Knicks wrecked by Tobias Harris as short-handed 76ers roll
PHILADELPHIA — The Knicks traveled to the City of Brotherly Love to get beaten by Long Island. The Knicks turned Tobias Harris into Michael Jordan on Thursday at Wells Fargo Center. The pride of Commack stepped up for the 76ers after the injury... -
Never-ending Knicks problem Leon Rose will have to fix
PHILADELPHIA — If you listened to interim coach Mike Miller on Thursday night at Wells Fargo Center, you would think the Knicks have reached a nice spot in their 2020 NBA season. “That’s as well as we’ve played for 24 minutes,” Miller said.... -
Wells Fargo third major bank to end Arctic oil investment
ANCHORAGE, Alaska — Wells Fargo & Co. became the third major US bank to announce it will not support financing for oil and gas projects in the Arctic. The bank identified the Arctic National Wildlife Refuge on Alaska’s North Slope as an area... -
Wells Fargo preparing to cut thousands of jobs: report
Wells Fargo is preparing to cut thousands of jobs starting later this year, Bloomberg Law reported Thursday, citing people familiar with the matter. The company’s plans will eventually result in eliminating tens of thousands of positions due to... -
Wells Fargo wants employees to delete TikTok from company phones
Wells Fargo does not want TikTok on its employees’ phones. According to The Information, the financial institution sent its employees a note, telling them to remove the app from corporate devices immediately. TikTok’s Wells Fargo ban would’ve... -
Wells Fargo wants employees to delete TikTok from company phones
Wells Fargo does not want TikTok on its employees’ phones. According to The Information, the financial institution sent its employees a note, telling them to remove the app from corporate devices immediately. TikTok’s Wells Fargo ban would’ve... -
Wells Fargo wants employees to delete TikTok from company phones
Wells Fargo does not want TikTok on its employees’ phones. According to The Information, the financial institution sent its employees a note, telling them to remove the app from corporate devices immediately. TikTok’s Wells Fargo ban would’ve... -
Wells Fargo wants employees to delete TikTok from company phones
Wells Fargo does not want TikTok on its employees’ phones. According to The Information, the financial institution sent its employees a note, telling them to remove the app from corporate devices immediately. TikTok’s Wells Fargo ban would’ve... -
Wells Fargo wants employees to delete TikTok from company phones
Wells Fargo does not want TikTok on its employees’ phones. According to The Information, the financial institution sent its employees a note, telling them to remove the app from corporate devices immediately. TikTok’s Wells Fargo ban would’ve... -
Wells Fargo wants employees to delete TikTok from company phones
Wells Fargo does not want TikTok on its employees’ phones. According to The Information, the financial institution sent its employees a note, telling them to remove the app from corporate devices immediately. TikTok’s Wells Fargo ban would’ve... -
Wells Fargo wants employees to delete TikTok from company phones
Wells Fargo does not want TikTok on its employees’ phones. According to The Information, the financial institution sent its employees a note, telling them to remove the app from corporate devices immediately. TikTok’s Wells Fargo ban would’ve... -
Wells Fargo lost $2.4 billion last quarter, setting the stage for its first dividend cut since the Great Recession
Wells Fargo swung to its first quarterly loss since the Great Recession, forcing the struggling bank to warn it will likely slash its coveted dividend by 80%. -
Wells Fargo reports big loss as coronavirus hits turnaround
The wheels are coming off The Stagecoach. Wells Fargo swung to a big loss in the second quarter, forcing it to set aside billions of dollars to cover possible loan losses ahead as the coronavirus threw a wrench into its efforts to recover from a slew... -
Wells Fargo appoints CFO in leadership shake-up
Wells Fargo said on Tuesday that Mike Santomassimo will replace John Shrewsberry as chief financial officer when he retires in the fall after more than two decades at the firm. -
Wells Fargo CEO: ‘Limited pool of black talent to recruit from’
Wells Fargo CEO Charles Scharf is being called to the carpet over his claims that the bank’s diversity woes are the result of a lack of talent. Scharf, who took over the embattled $1.97 trillion bank last year to save it from a series of financial... -
Wells Fargo CEO apologizes for saying the Black talent pool is limited
Wells Fargo CEO Charlie Scharf has apologized after he reportedly blamed the lack of diversity at the bank on "a very limited pool of Black talent to recruit from." -
Wells Fargo CEO apologizes for ‘limited pool of black talent’ comment
Wells Fargo CEO Charlie Scharf apologized for saying that there has been a lack of diversity in the bank’s upper ranks because of a shallow pool of minority talent. Scharf sent an all-staff memo Wednesday morning after reports swirled Tuesday that... -
Wells Fargo lays off 700, sees deeper cuts to come
Charlie Scharf is kicking more folks off the stagecoach. The Wells Fargo chief has resumed layoffs after his plans were stymied by the onset of the coronavirus, and will move forward with deeper job cuts as he gets back to cutting costs at the...