Wells Fargo to Cut Back Mortgage Business After Scandals Take Toll - Bloomberg

Wells Fargo & Co. plans to shrink its vast mortgage empire, which once churned out one of every three home loans in the US and for a time made the bank the most valuable in the nation. Have a ... Read More

Wells Fargo pulls back from housing mortgage market - New York Post

Wells Fargo is cutting back on its once-mammoth mortgage-lending business as it weathers a downtown in the US housing market and sustained scrutiny from federal regulators. Read More

Wells Fargo cuts hundreds of jobs in mortgage business - Bloomberg News

Wells Fargo & Co has cut hundreds of jobs in its mortgage business across the country, Bloomberg News reported on Thursday citing people familiar with the bank's plans. Skip to main content ... Read More

After three-year retreat, Wells Fargo jumping back into CLOs

With a Federal Reserve-imposed asset cap now off its shoulders, the Wall Street lender is ramping up its buying within the $1.3 trillion market. Read More

Wells Fargo’s scandals timeline and regulatory actions | Raleigh News & Observer

For Wells Fargo, nearly a decade’s worth of scandals, federal regulatory action and a $1.95 trillion asset cap limiting the bank’s growth had its roots in 2016. That’s the year that the bank ... Read More

Wells Fargo: Americans Are Cutting Back on This Expense the Most Amid Inflation - AOL

The Wells Fargo 2025 Money Study revealed that 74% of respondents are delaying travel plans to cut back on spending amid inflation. Between transportation, lodging, activities and other costs ... Read More

Wells Fargo Says CFPB Ends Consent Order Dating Back to 2018

Wells Fargo & Co. said the Consumer Financial Protection Bureau terminated a consent order dating back to 2018 related to the bank’s compliance risk-management program, the sixth such order ... Read More

(WFC) Wells Fargo Takes $647 Million Severance Charge as Expenses Cut - Bloomberg.com

Wells Fargo & Co.’s expenses dropped 12% in the fourth quarter as Chief Executive Officer Charlie Scharf continues to whittle headcount as part of broader efforts to slash costs and remake the bank. Read More

Wells Fargo Falls Short of NII Estimates Amid Tepid Loan Demand

Wells Fargo & Co. missed analysts’ estimates for net interest income in the first quarter with soft loan demand hurting the bank’s largest revenue stream as tariff uncertainty clouds the US ... Read More

Wells Fargo nears 'trough' in deposit costs after Fed rate cut

Bloomberg News reported last month that Wells Fargo submitted an outside review of its reformed operations to the Federal Reserve, a milestone in the company's work. The Fed imposed the asset cap in ... Read More