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Key Takeaways CEOs of three major US banks will meet with senators to discuss ongoing efforts around crypto market structure rules. The Senate Banking and Agriculture committees expect to vote on the legislation this month. Share this article Punchbowl News reports that the CEOs of Citigroup, Bank of America, and Wells Fargo have been invited … Read more
As Securities and Exchange Commission defense counsel, we can attest first-hand to the dread of our clients’ experience when we inform them that we have received a “Wells Notice” from the Division of Enforcement at the SEC. The Wells Notice, which serves as the civil equivalent of a criminal grand jury target letter, informs the recipients … Read more
Charlie Scharf inherited one of the toughest jobs in corporate America when he became CEO of Wells Fargo in 2019. His mandate? Rebuild a disgraced brand, navigate regulatory shackles, and restore faith in a bank many thought was beyond saving. Six years later, he’s largely done it. The Federal Reserve’s decision in June to lift … Read more
Wells Fargo & Company (NYSE: WFC) reported its third quarter 2025 earnings results today. Total revenue increased 5% year-over-year to $21.4 billion. Net income grew 9% to $5.58 billion and earnings per share rose 17% to $1.66 compared to last year. The top and bottom line numbers surpassed projections. Net interest income rose 2% to … Read more
The document, Charlie Scharf recalls, was 3,162 pages. It included 6,000 tasks; 28,000 people worked on it. This staggeringly long volume was the plan to save Wells Fargo, forged by Scharf and his team shortly after he took over as CEO in October 2019. At the time, Wells had been laboring under a regulatory crackdown … Read more
Wells Fargo appears to have quietly rebranded its public-facing DEI language earlier this summer, completely eliminating all diversity language, HR Brew found while comparing the current version of the company’s site to a previous version, recovered through an archival site. The company’s website now refers to the program as “inclusion and accessibility” and features a … Read more
Key Takeaways Wells Fargo increased its stake in BlackRock’s iShares Bitcoin Trust from $26 million to over $160 million in Q2 2025. The bank also expanded its investments in other Bitcoin ETFs, including Invesco Galaxy Bitcoin ETF (BTCO) and Grayscale’s funds. Share this article Wells Fargo increased its holdings in BlackRock’s Bitcoin ETF, the iShares … Read more
Wells Fargo (NYSE: WFC) reported its second quarter 2025 earnings results today. Total revenue increased 1% year-over-year to $20.8 billion. Net income grew 12% to $5.5 billion while earnings per share rose 20% to $1.60. Total revenue in the Consumer Banking and Lending segment increased 2% YoY to $9.2 billion. Commercial Banking revenue decreased 6% … Read more
Bachelor Nation is starting to get answers about how the Golden cast will be incorporated in Paradise. A supertease following the premiere of BiP season 10 on Monday, July 7, revealed that there will be some sort of crossover moment between a Golden Bachelor or Bachelorette contestant and one of the traditional Bachelor/Bachelorette stars. “I … Read more
The Federal Reserve said Tuesday that Wells Fargo is no longer subject to harsh restraints the Fed placed on the bank in 2018 for having a toxic sales and banking culture. It’s a win for Wells Fargo, which has spent nearly a decade trying to convince the public and policymakers that it had changed its … Read more
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