WFC

Dr. Eric Chu Honored with International Board of Chiropractic Examiners Poster Award at WFC Congress

Retrieved on: 
Thursday, October 19, 2023

HONG KONG, Oct. 19, 2023 /PRNewswire/ -- The award was presented at the 17th WFC Biennial Congress, celebrating Dr. Chu's significant contributions to chiropractic research. The award-winning research, titled "A retrospective analysis of the incidence of severe adverse events among recipients of chiropractic spinal manipulative therapy," was published in the esteemed Nature's Scientific Report. The study is recognized as one of the most impactful in the field of chiropractic, shedding light on crucial aspects of patient safety and treatment efficacy.

Key Points: 
  • HONG KONG, Oct. 19, 2023 /PRNewswire/ -- The award was presented at the 17th WFC Biennial Congress, celebrating Dr. Chu's significant contributions to chiropractic research.
  • The study is recognized as one of the most impactful in the field of chiropractic, shedding light on crucial aspects of patient safety and treatment efficacy.
  • Dr. Pohlman praised Dr. Chu's dedication to the progression of the chiropractic profession and his commitment to enhancing patient safety through his groundbreaking research.
  • The CDAHK and the global chiropractic community celebrate Dr. Chu's accomplishment, recognizing his efforts in championing evidence-based practice in chiropractic care.

Wells Fargo Reports Third Quarter 2023 Financial Results

Retrieved on: 
Friday, October 13, 2023

Wells Fargo & Company (NYSE: WFC) has released its third quarter 2023 financial results.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) has released its third quarter 2023 financial results.
  • The financial results are available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/ and on a Form 8-K filed by the company with the Securities and Exchange Commission (SEC) on Oct. 13, 2023, and available on the SEC’s website at www.sec.gov .
  • View the full release here: https://www.businesswire.com/news/home/20231012576561/en/
    Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo)
    The company will host a live conference call on Friday, Oct. 13, at 10:00 a.m. Eastern time.
  • News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories .

Dr. Eric Chu Becomes First Chinese Chiropractor to Win Lifetime Achievement Award at WFC Conference

Retrieved on: 
Monday, October 16, 2023

GOLD COAST, Australia, Oct. 16, 2023 /PRNewswire/ -- Dr. Chu, 46, was visibly moved as he received a prolonged standing ovation from the attendees, wiping away tears of joy before delivering a heartfelt acceptance speech. Earlier this morning, he received the WFC's IBCE Research Award on A retrospective analysis of the incidence of severe adverse events among recipients of chiropractic spinal manipulative therapy. He expressed deep gratitude for his roots in Hong Kong and paid tribute to the city's chiropractic industry that nurtured his illustrious career.

Key Points: 
  • Hong Kong's esteemed chiropractor, Dr. Eric Chun-Pu Chu, has made history by becoming the first Chinese chiropractor to receive the prestigious David Chapman-Smith Honor Award at the 17th World Federation of Chiropractic (WFC) Biennial Congress.
  • Earlier this morning, he received the WFC's IBCE Research Award on A retrospective analysis of the incidence of severe adverse events among recipients of chiropractic spinal manipulative therapy.
  • He expressed deep gratitude for his roots in Hong Kong and paid tribute to the city's chiropractic industry that nurtured his illustrious career.
  • The lifetime achievement award, presented by the President of the WFC, Dr. John Maltby, stands as a testament to Dr. Chu's extraordinary contributions to the chiropractic profession.

Wells Fargo to Announce Third Quarter 2023 Earnings on Oct. 13, 2023

Retrieved on: 
Friday, October 6, 2023

Wells Fargo & Company (NYSE: WFC), as previously announced, will report its third quarter 2023 earnings results on Friday, Oct. 13, 2023, at approximately 7:00 a.m. Eastern time.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC), as previously announced, will report its third quarter 2023 earnings results on Friday, Oct. 13, 2023, at approximately 7:00 a.m. Eastern time.
  • In addition to being available on the company’s Investor Relations website, the earnings results also will be available on the Securities and Exchange Commission website at https://www.sec.gov .
  • View the full release here: https://www.businesswire.com/news/home/20231006295846/en/
    The company will host a live conference call on Friday, Oct. 13, at 10:00 a.m. Eastern time.
  • News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories .

Wells Fargo Sells Private Equity Fund Investments

Retrieved on: 
Friday, September 29, 2023

Wells Fargo & Company (NYSE: WFC) announced today that it has sold to a group of leading investors approximately $2 billion of private equity investments in certain Norwest Equity Partners (NEP) and Norwest Mezzanine Partners (NMP) funds.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) announced today that it has sold to a group of leading investors approximately $2 billion of private equity investments in certain Norwest Equity Partners (NEP) and Norwest Mezzanine Partners (NMP) funds.
  • View the full release here: https://www.businesswire.com/news/home/20230929585934/en/
    Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo)
    “With this transaction, we are continuing with our strategic efforts to focus on Wells Fargo’s core businesses and customers,” said Wells Fargo Chief Financial Officer Mike Santomassimo.
  • “We are incredibly grateful to Wells Fargo for their long-term partnership and continued support,” said Tim DeVries, NEP Managing Partner.
  • Separately, Wells Fargo will continue its relationship and investments with Norwest Venture Partners, a venture capital and growth equity investment firm.

Wells Fargo’s Virtual Assistant, Fargo, Expands Capabilities with Spanish-Language Feature

Retrieved on: 
Wednesday, September 27, 2023

Wells Fargo & Company (NYSE: WFC) today enhanced its Fargo™ virtual assistant with a Spanish-language capability, improving access to a large portion of its customer base.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) today enhanced its Fargo™ virtual assistant with a Spanish-language capability, improving access to a large portion of its customer base.
  • In the coming months, Fargo will continue to roll out new capabilities that provide a more sophisticated financial experience.
  • These enhanced digital capabilities are just the start of many initiatives in Wells Fargo’s multiyear plan to become digital-first and reinvent personal finance.
  • Understanding client needs is a core part of how Wells Fargo fortifies its client relationships, and the business understands that its technology portfolio must meet these demands.

Centerbridge Partners and Wells Fargo Enter Strategic Relationship Focused on Direct Lending to Middle-Market Companies

Retrieved on: 
Tuesday, September 26, 2023

Centerbridge Partners (Centerbridge) and Wells Fargo & Company (NYSE: WFC) announced they are entering into a strategic relationship focused on direct lending to non-sponsor North American middle market companies.

Key Points: 
  • Centerbridge Partners (Centerbridge) and Wells Fargo & Company (NYSE: WFC) announced they are entering into a strategic relationship focused on direct lending to non-sponsor North American middle market companies.
  • Overland represents a transformative new business model for direct lending to middle-market companies, diversifying the market of clients served by private credit and direct lending.
  • The Centerbridge and Wells Fargo strategic relationship includes differentiated origination sourcing from Wells Fargo’s extensive middle market customer base, and an equity investment from Wells Fargo.
  • Overland Advisors will be controlled by Centerbridge Partners, and Wells Fargo will be a minority investor.

Thomas R. Nides to Join Wells Fargo as Vice Chairman

Retrieved on: 
Friday, September 22, 2023

Wells Fargo & Company (NYSE: WFC) announced today that Thomas R. Nides will join the company in October as Vice Chairman, reporting to CEO Charlie Scharf and joining the company’s Operating Committee.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) announced today that Thomas R. Nides will join the company in October as Vice Chairman, reporting to CEO Charlie Scharf and joining the company’s Operating Committee.
  • View the full release here: https://www.businesswire.com/news/home/20230922907701/en/
    As Vice Chairman, Tom will have a broad role across the company.
  • He will be a close advisor to Wells Fargo senior management on a range of issues, including banking and management, and he will work alongside the company’s business heads as it continues to expand client relationships.
  • Tom will be instrumental to that work.”
    Tom Nides said, “I am excited to join Wells Fargo at this pivotal time in the company’s transformation journey.

Bernstein Litowitz Berger & Grossmann LLP Receives Approval of a Landmark $1 Billion Settlement for Shareholders in Wells Fargo Securities Class Action

Retrieved on: 
Saturday, September 9, 2023

The federal judge overseeing a securities class action against Wells Fargo (NYSE:WFC) for deceiving investors about its compliance and risk management practices has given final approval to a $1 billion settlement with Wells Fargo investors who challenged the bank's severe disclosure lapses.

Key Points: 
  • The federal judge overseeing a securities class action against Wells Fargo (NYSE:WFC) for deceiving investors about its compliance and risk management practices has given final approval to a $1 billion settlement with Wells Fargo investors who challenged the bank's severe disclosure lapses.
  • The $1 billion settlement is the largest ever in a securities class action not involving a restatement, an SEC action, or DOJ criminal charges.
  • "We are honored to have played a key role in securing such a significant recovery for Wells Fargo investors," said BLB&G founding partner Max Berger, who helped negotiate the final settlement.
  • The action, In re Wells Fargo & Company Securities Litigation, No.

CURO Announces Addition of New Independent Director Bob Hurzeler to CURO’s Board and Completion of Flexiti Sale

Retrieved on: 
Tuesday, September 5, 2023

“We are excited to welcome Bob to the CURO Board.

Key Points: 
  • “We are excited to welcome Bob to the CURO Board.
  • Mr. Hurzeler has served as the Chief Executive Officer of Flagship Credit Acceptance, an auto lender, since 2019.
  • “I am incredibly honored to join the CURO Board at this very important time as CURO continues to execute on its strategic plan,” said Mr. Hurzeler.
  • The updated outlook has no material changes from the prior published outlook other than reflecting the removal of the Canada POS Lending (Flexiti) segment.