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News Releases
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6/17/19 11:00 am EDTCHARLOTTE – Wells Fargo & Co. today announced that Joe Ready has been named head of Trust & Fiduciary Services and chief fiduciary officer in Wealth & Investment Management (WIM). Ready has served most recently as director of Wells Fargo Institutional Retirement & Trust. In his new role, Ready will lead a team that has responsibility and oversight for investment management and administration of WIM’s Trust & Fiduciary services, reporting to Julie...more...
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6/17/19 9:00 am EDTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Investment Institute (WFII) today released its “2019 Midyear Outlook Eyes Forward: Opportunities and Challenges.” The report makes the case that the current 10-year economic expansion is not over and that all avenues for investors to consider will require careful assessment. “The theme we adopted at the beginning of 2019, ‘the end of easy,’ still resonates,” said Darrell Cronk,...more...
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6/13/19 11:15 am EDTSAN FRANCISCO--(BUSINESS WIRE)--Today, Wells Fargo & Company (NYSE: WFC) named Debra Chrapaty as chief technology officer, making permanent a role she held on an interim basis since May. She will continue reporting directly to Saul Van Beurden, head of Technology at Wells Fargo. Chrapaty will lead Wells Fargo’s technology transformation, accelerating all efforts to enhance the developer experience by cloud-enablement, full CI/CD...more...
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6/12/19 12:13 pm EDTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) announced today that it will waive all transfer fees for ExpressSend remittances from June 14 through June 17 in celebration of International Day of Family Remittances (June 16). The United Nations General Assembly adopted a resolution in 2018 endorsing the day to highlight the financial contributions migrant workers make to help their families back home, including funds for...more...
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6/12/19 12:13 pm EDTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) anunció hoy que eximirá el pago de todas las tarifas de envío correspondientes a los envíos de dinero realizados a través de ExpressSend del 14 al 17 de junio en celebración del Día Internacional de las Remesas Familiares (16 de junio). La Asamblea General de las Naciones Unidas adoptó una resolución en 2018 que ratifica el día para resaltar las contribuciones financieras...more...
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6/11/19 7:00 am EDTNEW YORK--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced the sale of Eastdil Secured (Eastdil), its private real estate investment banking division. This follows Eastdil’s management-led recapitalization, in partnership with Guggenheim Investments, on behalf of certain institutional clients, and Temasek, a global investment company headquartered in Singapore. Subsequent to the sale, Wells Fargo will retain the public market real...more...
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6/10/19 9:18 am EDTNEW YORK – Wells Fargo Corporate & Investment Banking announced today the launch of its Prime Trade Services group. The group, coupled with the successful Wells Fargo Prime Services platform, will give clients customized outsourced and agency trading solutions. The Prime Trade Services group will offer alternative and traditional investment managers a team of dedicated, experienced traders who will act as an extension of their clients’ investment teams. The group will give...more...
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6/7/19 3:00 pm EDTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Real Estate Investment Corporation (NYSE: WFE Pr A) announced today that its board of directors has declared a quarterly dividend on its 6.375% cumulative perpetual preferred stock, Series A. The dividend is equal to $0.3984375 per share of Series A preferred stock. The dividend is payable July 1, 2019, to holders of record as of the close of business on June 17, 2019. Wells Fargo Real Estate...more...
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6/6/19 3:30 pm EDTSAN FRANCISCO--(BUSINESS WIRE)--Today, Wells Fargo & Company (NYSE: WFC) named Kate Clifford-Toomey as chief operating officer for Corporate Risk, reporting to Chief Risk Officer Mandy Norton. Clifford-Toomey’s first day will be Sept. 3. As chief operating officer, Clifford-Toomey will be responsible for coordinating risk operations, business architecture and strategy-related efforts across Corporate Risk functions. In addition, she will...more...
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6/6/19 12:30 pm EDTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Co. today announced that Nico Marais has been appointed chief executive officer and head of Wells Fargo Asset Management (WFAM), effective immediately. Marais most recently was co-CEO of WFAM and previously was WFAM president and head of Multi-Asset Solutions. He replaces Kristi Mitchem, who left WFAM in January. “We have an outstanding team at WFAM, and I am confident that Nico is...more...
