WFC

Wells Fargo Named a Global Best in Service Winner by Euromoney Magazine

Retrieved on: 
Thursday, December 1, 2022
Banking, Professional Services, Finance, Housing, Wells Fargo, Wealth, Multimedia, WFC, Corporation, Investment management, GTM, Investment banking, Commercial bank, NYSE, ACH, Payment card, Euromoney

Wells Fargo has been named Global Best in Service for U.S. Dollar cash management for financial institutions by Euromoney magazine in their 2022 Cash Management Financial Institutions Survey.

Key Points: 
  • Wells Fargo has been named Global Best in Service for U.S. Dollar cash management for financial institutions by Euromoney magazine in their 2022 Cash Management Financial Institutions Survey.
  • In its 21st year, the annual survey asks cash managers, treasurers, and financial officers worldwide to rank and assess their top providers of cash management services.
  • View the full release here: https://www.businesswire.com/news/home/20221201005200/en/
    Wells Fargo Named a Global Best in Service Winner by Euromoney Magazine (Photo: Wells Fargo)
    The results reinforce that our service has been and continues to be a key differentiator for us in the marketplace, said Marcus Sehr, Wells Fargos Global Treasury Management (GTM) Banks Leader.
  • This award reaffirms that we are prioritizing service and partnering with our clients to deliver solutions that are right for their business.

Wells Fargo to Present at the Goldman Sachs US Financial Services Conference

Retrieved on: 
Tuesday, November 29, 2022
Banking, Professional Services, Finance, Housing, Wells Fargo, Conference, Wealth, Multimedia, WFC, Corporation, Investment management, Investment banking, Wells Fargo Center, Webcast, Commercial bank, NYSE, Fargo, Goldman Sachs

Wells Fargo & Company (NYSE: WFC) said today that Chief Executive Officer Charlie Scharf will present at the Goldman Sachs US Financial Services Conference on Tuesday, Dec. 6, 2022, at 8:00 a.m.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) said today that Chief Executive Officer Charlie Scharf will present at the Goldman Sachs US Financial Services Conference on Tuesday, Dec. 6, 2022, at 8:00 a.m.
  • View the full release here: https://www.businesswire.com/news/home/20221129005001/en/
    Wells Fargo Bank branch located in the Wells Fargo Center (Photo: Wells Fargo)
    A replay of the webcast will be available for three months following the presentation.
  • Wells Fargo ranked No.
  • In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy.

Wells Fargo & Company Declares Cash Dividends on Preferred Stock

Retrieved on: 
Friday, November 18, 2022
Banking, Professional Services, Finance, Wells Fargo, Wealth, Wells Fargo Center, WFC, Multimedia, Investment banking, NYSE, Housing, Investment management, Corporation, Commercial bank, Fargo, Security (finance), Series

Wells Fargo & Company (NYSE: WFC) today announced dividends on eight series of preferred stock.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) today announced dividends on eight series of preferred stock.
  • View the full release here: https://www.businesswire.com/news/home/20221118005038/en/
    Wells Fargo Bank branch located in the Wells Fargo Center (Photo: Wells Fargo)
    A quarterly cash dividend of $18.75 per share was declared on its 7.50% noncumulative perpetual convertible class A preferred stock, Series L, liquidation preference $1,000 per share, which is traded on the New York Stock Exchange under the symbol WFCPrL.
  • A quarterly cash dividend of $365.63 per share was declared on its 5.85% fixed-to-floating noncumulative perpetual class A preferred stock, Series Q, liquidation preference $25,000 per share.
  • A quarterly cash dividend of $414.06 per share was declared on its 6.625% fixed-to-floating noncumulative perpetual class A preferred stock, Series R, liquidation preference $25,000 per share.

Investors Putting Less in the Stock Market to Pay for Everyday Essentials

Retrieved on: 
Thursday, November 17, 2022
Technology, Finance, Fintech, Banking, Business, Professional Services, Software, Socially Responsible Investing, Asset Management, Investment, Wells Fargo, Trust, Overalls, Interstate Insurance Product Regulation Commission, Wells Fargo Advisors, Intuition, Wealth, Digital, Private banking, WFC, Financial adviser, FDIC, Investment banking, NYSE, WIM, DIY, Housing, National Association of Personal Financial Advisors, Woman, Bias, Census, United States Census, Private bank, Investment management, Education, SIPC, Corporation, Debt, COVID-19, Research, Politics, Family, Commercial bank, Nico Liersch, Bank, Knowledge, Financial services, Holding company

More than one-third of all Americans (36%) do not have any money in the stock market.

Key Points: 
  • More than one-third of all Americans (36%) do not have any money in the stock market.
  • Among Americans without money in the stock market:
    The study also revealed that many investors (57%) feel overwhelmed by investment options and need advice.
  • While financial advisors, financial institutions, and family are the top resources that investors turn to for advice, those resources vary by generation.
  • Assuming no sample bias, the maximum margin of error for full-sample estimates is 2% overall and 3% for those with money in the stock market (investors).

Wells Fargo and HSBC Expand DLT Solution to Include Offshore Yuan

Retrieved on: 
Thursday, November 17, 2022
Technology, Finance, Fintech, Banking, Electronic Commerce, Professional Services, Blockchain, Software, Data Management, Committee, Wells Fargo, G20, Operation, Wealth, CORE, WFC, FX, HSBC Bank, Multimedia, Investment banking, CNH, NYSE, Finance, USD, Housing, DLT, HSBC, GBP, Emerging market, Investment management, PvP, Corporation, CAD, HSBC Bank (Europe), Risk, G10, Commercial bank, Fargo, Settlement risk, Bank

Wells Fargo & Company (NYSE: WFC) and HSBC Bank plc today announced that the blockchain-based solution they are using for bilateral FX settlements is expanding to include the offshore yuan (CNH).

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) and HSBC Bank plc today announced that the blockchain-based solution they are using for bilateral FX settlements is expanding to include the offshore yuan (CNH).
  • Since launching the shared DLT solution in December 2021, HSBC and Wells Fargo have settled over $200 billion in transactions and plan to add additional currencies over the coming months.
  • View the full release here: https://www.businesswire.com/news/home/20221117005149/en/
    Vince Hindman, global head of Rates and FX Solutions, Wells Fargo (Photo: Wells Fargo)
    We are pleased to expand the capabilities of the platform to include CNH, allowing us to reduce risk in the payment settlement process, said Vince Hindman, global head of Rates and FX Solutions, Wells Fargo Corporate & Investment Bank.
  • With assets of US$2,985bn at 30 June 2022, HSBC is one of the worlds largest banking and financial services organisations.

Wells Fargo Introduces Flex Loan to Give Customers More Options

Retrieved on: 
Wednesday, November 16, 2022
Banking, Personal Finance, Professional Services, Finance, Wells Fargo, Wealth, WFC, Multimedia, Investment banking, NYSE, Housing, Investment management, Corporation, Travel, Heart, Commercial bank, Bank

To help meet short-term cash needs, eligible customers now have another option with the newest product from Wells Fargo & Company (NYSE: WFC) Flex Loan.

Key Points: 
  • To help meet short-term cash needs, eligible customers now have another option with the newest product from Wells Fargo & Company (NYSE: WFC) Flex Loan.
  • Flex Loan is a digital-only, small-dollar loan that will provide millions of eligible customers convenient and affordable access to funds when they need it most.
  • Flex Loan is Wells Fargos latest innovation to give customers peace of mind and flexibility as they manage their daily finances, said Abeer Bhatia, head of Personal Lending and Retail Services for Wells Fargo.
  • Flex Loan is one of several efforts Wells Fargo announced in January to help customers avoid overdraft fees and meet short-term cash needs.

Wells Fargo to Announce Fourth Quarter Earnings on Jan. 13, 2023

Retrieved on: 
Wednesday, November 9, 2022
Banking, Professional Services, Finance, Investment banking, Wells Fargo, NYSE, Fargo, U.S. Securities and Exchange Commission, Investment management, Multimedia, Wealth, WFC, Housing, Commercial bank, Corporation, Security (finance), News, Public relations

Wells Fargo & Company (NYSE: WFC) has updated the date it will report its fourth quarter 2022 earnings results to Friday, Jan. 13, 2023, at approximately 7:00 a.m. Eastern time.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) has updated the date it will report its fourth quarter 2022 earnings results to Friday, Jan. 13, 2023, at approximately 7:00 a.m. Eastern time.
  • In addition to being available on the companys 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/20221109005869/en/
    Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo)
    The company will host a live conference call on Friday, Jan. 13, at 12:00 p.m. Eastern time.
  • News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories .

Wells Fargo Bank Increases Prime Rate to 7.00 Percent

Retrieved on: 
Wednesday, November 2, 2022
Banking, Professional Services, Finance, News, Corporation, Commercial bank, Investment management, Investment banking, Wealth, Wells Fargo, NYSE, Wells Fargo Center, Housing, WFC, Multimedia, Financial services

Wells Fargo Bank, N.A., said today it is increasing its prime rate to 7.00 percent from 6.25 percent, effective tomorrow, Nov. 3, 2022.

Key Points: 
  • Wells Fargo Bank, N.A., said today it is increasing its prime rate to 7.00 percent from 6.25 percent, effective tomorrow, Nov. 3, 2022.
  • This press release features multimedia.
  • Wells Fargo ranked No.
  • News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories .

Charles River and DirectBooks Announce Collaboration to Streamline Primary Issuance in Charles River IMS

Retrieved on: 
Tuesday, November 1, 2022
Other Professional Services, Insurance, Human Resources, Finance, Consulting, Banking, Outsourcing Business, Professional Services, Bank of America, Marketing, Lord Abbett, Human rights, CFA, Culture, BCS, Efficiency, Exercise, GS, Research, Corporate Equality Index, NYSE, Deutsche Bank, JPM, Morgan Stanley, J. P. Morgan, LLC, BNP Paribas, BAC, BNP, State Street Corporation, EMEA, STT, SSGA, Sale, Technology, USD, WFC, Review, Company, Content, Wells Fargo, State Street Global Advisors, Bank, Communication, State Street, Crain Communications, The Last Best Place, Goldman Sachs, Asset, State, AUM, Pension, Financial services, Security (finance), Financial adviser, Investment, Citigroup, Barclays

Recently, Lord Abbett & Company, a mutual client of Charles River and DirectBooks, adopted the combined offering to manage primary issuance across their institutional and private client portfolios.

Key Points: 
  • Recently, Lord Abbett & Company, a mutual client of Charles River and DirectBooks, adopted the combined offering to manage primary issuance across their institutional and private client portfolios.
  • The combination of Charles Rivers IMS capabilities and DirectBooks comprehensive structured data will allow us to best serve our clients by making the most prudent and efficient investment decisions.
  • Our choice to connect with Charles River is an obvious one given their presence in the market, said Rich Kerschner, Chief Executive Officer of DirectBooks.
  • The breadth of underwriters and buy-side firms on the DirectBooks platform underscores the value they provide in transforming the traditionally cumbersome primary issuance process.

Wells Fargo Names Kristy Fercho as Head of Diverse Segments, Representation and Inclusion

Retrieved on: 
Tuesday, November 1, 2022
Banking, Asset Management, Professional Services, Finance, Representation, Corporation, DSRI, CEO, Fannie Mae, Commercial bank, Investment management, Leadership, Flagstar Bank, Investment banking, Wealth, Wells Fargo, Board, NYSE, Flagstar, Human resources, National Urban League, Round Table, City Year, Housing, DE, WFC, Mortgage Bankers Association, Multimedia, Fargo, Comptroller, Association, Management, Bank, Denny Fercho

Wells Fargo (NYSE: WFC) announced today that Kristy Fercho, head of Wells Fargo Home Lending, has been named the companys new head of Diverse Segments, Representation and Inclusion (DSRI).

Key Points: 
  • Wells Fargo (NYSE: WFC) announced today that Kristy Fercho, head of Wells Fargo Home Lending, has been named the companys new head of Diverse Segments, Representation and Inclusion (DSRI).
  • View the full release here: https://www.businesswire.com/news/home/20221101005397/en/
    Our work on diversity, equity, and inclusion is a long-term commitment, and we will continue to advance it under Kristys leadership, said Wells Fargo CEO Charlie Scharf.
  • Fercho will succeed Kleber Santos, who became CEO of Wells Fargos Consumer Lending business in July 2022 after joining the company in 2020 as the companys head of DSRI.
  • Before joining Wells Fargo, Fercho was at Flagstar Bank, where she served as president of the companys mortgage division.