Want to stay in the know?
Subscribe to email alerts. We'll keep you updated on Wells Fargo news and announcements.
News Releases
-
2/12/20 2:15 pm ESTWASHINGTON, D.C. – The National American Indian Housing Council (NAIHC) and Wells Fargo have announced a $600,000 pilot program to carry out housing repairs for senior homeowners in tribal communities. The grants from the Wells Fargo Foundation are one component of Wells Fargo’s five-year, $50 million philanthropic commitment to American Indian/Alaska Native communities. Wells Fargo announced its commitment at NAIHC’s Legal Symposium in December 2017 and has been...more...
-
2/12/20 12:05 pm ESTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced that, effective immediately, the company will no longer require arbitration for employees in connection with any future sexual harassment claims. “Wells Fargo has zero tolerance for sexual harassment,” David Galloreese, head of Human Resources at Wells Fargo, wrote in an article posted on the company’s internal and external websites. “We believe that this is the appropriate change to make at this time for...more...
-
2/12/20 8:00 am ESTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced that on March 16, 2020, it will redeem the remaining 1,802,000 shares (the “Redeemed Shares”) of its Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series K (the “Series K Preferred Stock”). The redemption price will be equal to $1,000.00 per Redeemed Share. After giving effect to the redemption, no shares of the Series K Preferred Stock will remain outstanding. Because the...more...
-
2/12/20 8:00 am ESTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced that on March 16, 2020, it will redeem 26,720 shares (the “Redeemed Preferred Shares”) of its Non-Cumulative Perpetual Class A Preferred Stock, Series T (the “Series T Preferred Stock”). The redemption of the Redeemed Preferred Shares will trigger the redemption of 26,720,000 shares of the related depositary shares (the “Redeemed Depositary Shares”), each representing a 1/1,000th interest in a share of Series...more...
-
2/11/20 12:03 pm ESTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo announced today that Mike Weinbach will join the company as CEO of Consumer Lending in early May, reporting to CEO Charlie Scharf and based in New York. Weinbach will have responsibility for Home Lending, Auto, Credit Cards & Merchant Services, and Personal Loans. “I’m delighted that we’ve been able to attract someone with Mike’s experience, skills and knowledge to Wells Fargo,” said Scharf. “He has a broad range of experiences in the consumer...more...
-
2/11/20 12:00 pm ESTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced the appointment of several new business leaders and changes designed to create a flatter line of business organizational structure and provide leaders with clear authority, accountability, and responsibility. The new model has five line of business CEOs, each reporting to Wells Fargo CEO Charlie Scharf and represented on the company’s Operating Committee. “The Wells Fargo franchise has extraordinary...more...
-
2/11/20 9:03 am ESTSAN FRANCISCO – Wells Fargo announced today that Wells Fargo Gateway, a market-leading application programming interface (API) channel, processed more than 1.5 billion digital interactions in 2019. The interactions, also known as API calls, are initiated when a consumer or business makes a data or transaction request of Wells Fargo through the bank’s API channel. “The volume of API calls last year demonstrates the growing importance customers place on...more...
-
2/6/20 8:00 am ESTSAN FRANCISCO--(BUSINESS WIRE)--Small business owner optimism softened a bit for their businesses and future expectations in the latest Wells Fargo/Gallup Small Business Index. Respondents also indicated attracting new customers continues to be a key challenge, as many owners share plans of how they will garner more business this year. Small Business optimism softens in Q1 2020 Conducted Jan. 3-10, the survey showed a 10-point decrease in overall optimism. One indicator underscoring this...more...
-
2/6/20 7:30 am ESTSAN FRANCISCO – Wells Fargo & Company (NYSE: WFC) has launched a vendor‑financing relationship with Siemens Healthineers, providing competitive, comprehensive financing options for hospitals and health systems across the U.S. Wells Fargo Vendor Financial Services, a part of Wells Fargo Commercial Capital, delivers the program. The financial solutions are designed to help improve customers’ cash on hand, assist with acquiring new technology while remaining within budget, and...more...
-
1/30/20 10:33 am ESTSAN FRANCISCO--(BUSINESS WIRE)--The Wells Fargo Foundation announces that it is providing $17.4 million to Community Development Financial Institutions (CDFIs) across the U.S. to accelerate the growth of diverse small businesses and job creation in local communities. As part of the foundation’s Diverse Community Capital program, Wells Fargo’s grants will fund new efforts to speed access to capital, launch mentoring programs, expand geographic reach, and help sustain more than 50,000 local jobs...more...
