Financial District, San Francisco

Wells Fargo & Company Increases Common Stock Dividend

Retrieved on: 
Tuesday, July 27, 2021
Banking, Professional services, Finance, Financial District, San Francisco, Wells Fargo, Economy of California, Companies, Banks, Dividend, WFC, Fargo

Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.20 per share, payable Sept. 1, 2021, to stockholders of record on Aug. 6, 2021, as approved today by the Wells Fargo board of directors.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) today announced a quarterly common stock dividend of $0.20 per share, payable Sept. 1, 2021, to stockholders of record on Aug. 6, 2021, as approved today by the Wells Fargo board of directors.
  • The third quarter dividend represents an increase of $0.10 per share from the prior quarter.
  • Wells Fargo ranked No.
  • News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories .

Brown Wealth Management Hires New Director of Wealth Planning Ahead of Potential Tax Reform

Retrieved on: 
Tuesday, July 27, 2021
Finance, Financial District, San Francisco, Money, Economy, Investment management, Financial management, Stock market, Wealth management, Wells Fargo

SAN DIEGO, July 27, 2021 /PRNewswire/ -- Delivering a competitive advantage to clients ahead of potential tax reforms that may redefine categories of wealth, Brown Wealth Management (BWM) has named industry pro Christopher Pegg to its newly created Director of Wealth Planning position.

Key Points: 
  • SAN DIEGO, July 27, 2021 /PRNewswire/ -- Delivering a competitive advantage to clients ahead of potential tax reforms that may redefine categories of wealth, Brown Wealth Management (BWM) has named industry pro Christopher Pegg to its newly created Director of Wealth Planning position.
  • For the past decade, Pegg has served as Senior Director of Wealth Planning for Wells Fargo's western region.
  • He is equally adept at crafting strategies and working in concert with outside advisors in these critical fields," said Brown Wealth Management President Jeff Brown .
  • Further, Brown Wealth Management advisors regularly work with external advisors, lawyers and accountants all areas of Pegg's expertise.

Payfare Receives Visa Ready Certification

Retrieved on: 
Tuesday, July 27, 2021
Money, Finance, Payment cards, Debit cards, Financial District, San Francisco, Visa Inc., Travel visa, Financial technology

TORONTO, July 27, 2021 /PRNewswire/ --Payfare Inc. (TSX: PAY),a leading fintech powering instant payout and digital banking solutions for contract workers, today announced that it has been granted a Visa Ready certification through the Visa Ready for Fintech Enablers program.

Key Points: 
  • TORONTO, July 27, 2021 /PRNewswire/ --Payfare Inc. (TSX: PAY),a leading fintech powering instant payout and digital banking solutions for contract workers, today announced that it has been granted a Visa Ready certification through the Visa Ready for Fintech Enablers program.
  • The Visa Ready Fintech Enablement Program provides partners like Payfare with access to Visa's growing partner network through top of funnel awareness, go-to-market support to uncover new markets and newly launched Visa products and solutions.
  • With this certification, Payfare accelerates the expansion of its solution, furthering its mission to support financial health for the growing, global gig workforce.
  • "We are thrilled to join the ranks of the innovative fintechs who are certified by Visa," said Marco Margiotta, CEO and Founding Partner of Payfare.

Shop Anywhere with "Single-Pay" and "3-Pay" Using New Paidy App

Retrieved on: 
Tuesday, July 27, 2021
Payment systems, Money, Payment cards, Mobile payments, Financial District, San Francisco, Visa Inc., Online shopping

With the new Paidy app, consumers can choose Paidy as their payment method at all online merchants that accept Visa.

Key Points: 
  • With the new Paidy app, consumers can choose Paidy as their payment method at all online merchants that accept Visa.
  • A "Shop & Discovery" feature has been built into the app, which allows consumers to browse stores and search for items.
  • Russell Cummer, Founder and Executive Chairman of Paidy Inc., commented: "With the release of the new app, customers will be able to shop anywhere with Paidy.
  • As well as paying for their purchases, they can enjoy the shopping experience itself from within the Paidy app.

Wells Fargo Closed-End Funds Announce Change of Name

Retrieved on: 
Monday, July 26, 2021
Banking, Other Professional Services, Professional services, Finance, Financial District, San Francisco, Wells Fargo, Economy of California, Finance, Companies, Investment management, Evergreen Investments, Wachovia, WFAM, Wells Fargo, GTCR, Reverence Capital Partners, WFAM, WELLS FARGO, GTCR, REVERENCE CAPITAL PARTNERS

Wells Fargo Asset Management (WFAM) today announced that following approval by the Board of Trustees of the Wells Fargo Funds on July 15, 2021, the WFAM closed-end funds will change their names to include the name Allspring.

Key Points: 
  • Wells Fargo Asset Management (WFAM) today announced that following approval by the Board of Trustees of the Wells Fargo Funds on July 15, 2021, the WFAM closed-end funds will change their names to include the name Allspring.
  • WFAM is the trade name used by the asset management businesses of Wells Fargo and includes Wells Fargo Funds Management, LLC, the investment adviser to each of the funds, Wells Capital Management Incorporated, a sub-adviser to each of the funds, and Wells Fargo Asset Management (International) Limited, a sub-adviser to Wells Fargo Multi-Sector Income Fund.
  • Wells Fargo Asset Management (WFAM) is the trade name for certain investment advisory/management firms owned by Wells Fargo & Company.
  • These firms include but are not limited to Wells Capital Management Incorporated and Wells Fargo Funds Management, LLC.

Cesar Gonzalez Named Head of Operations for Wells Fargo Commercial Banking

Retrieved on: 
Monday, July 26, 2021
Finance, Banking, Consumer, Professional services, Hispanic, Financial District, San Francisco, Economy of California, Wells Fargo, Companies, Banks, Fargo

Wells Fargo & Company (NYSE: WFC) today announced that Cesar Gonzalez has been named head of operations for Commercial Banking.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) today announced that Cesar Gonzalez has been named head of operations for Commercial Banking.
  • He will join the company on Aug. 30, 2021, and will dually report to Perry Pelos, CEO of Wells Fargo Commercial Banking, and Lester Owens, head of Wells Fargo Operations.
  • View the full release here: https://www.businesswire.com/news/home/20210726005102/en/
    In this role, Gonzalez will lead critical business and lending operations for Commercial Banking and will partner closely with leaders across Wells Fargo to ensure an integrated operating environment.
  • We are excited to welcome Cesar to Wells Fargo and the Commercial Banking business.

Wells Fargo Active Cash℠ Card Survey Reveals the Pandemic Drove Credit Card Holders to Purge Closets, Social Media Friends, and Complicated Rewards Cards

Retrieved on: 
Monday, July 26, 2021
Professional services, Consumer, Women, Finance, MEN, Banking, Financial District, San Francisco, Payment systems, Finance, Money, Economy of California, Wells Fargo, Credit card, the Survey, Wells Fargo, THE SURVEY, WELLS FARGO

According to a Wells Fargo Active Cash Card survey, the COVID-19 pandemic prompted two-thirds (63%) of credit card-holding consumers to initiate pandemic purges.

Key Points: 
  • According to a Wells Fargo Active Cash Card survey, the COVID-19 pandemic prompted two-thirds (63%) of credit card-holding consumers to initiate pandemic purges.
  • View the full release here: https://www.businesswire.com/news/home/20210726005049/en/
    Wells Fargo Active Cash Card (Photo: Wells Fargo)
    The survey also reveals that the primary drivers in choosing a credit card are cash back features (44%), followed by rewards (38%) and sign-up bonuses (22%).
  • Now more than ever, cardholders want simplicity from their credit cards with no hassle around activating categories, tracking limits, or calculating rewards when managing their card rewards.
  • Wells Fargo Active Cash card is issued by Wells Fargo Bank, N.A.

Belong Acquisition Corp. Announces Pricing of $150,000,000 Initial Public Offering

Retrieved on: 
Friday, July 23, 2021
Finance, Financial economics, Money, Financial District, San Francisco, Financial markets, Initial public offering, Stock market, Corporate finance, Wells Fargo, Underwriting, Security, Subscription

The closing of the offering is anticipated to take place on or about July 27, 2021, subject to customary closing conditions.

Key Points: 
  • The closing of the offering is anticipated to take place on or about July 27, 2021, subject to customary closing conditions.
  • Wells Fargo Securities, LLC and Loop Capital Markets LLC are serving as joint book-running managers for the offering.
  • The Company has granted the underwriters a 45-day option to purchase up to an additional 2,250,000 units at the initial public offering price to cover over-allotments, if any.
  • This press release contains statements that constitute forward-looking statements, including with respect to the initial public offering.

Wells Fargo Names Derek Ellington Head of Small Business Banking

Retrieved on: 
Thursday, July 22, 2021
Small business, Banking, Professional services, Finance, Finance, Companies, Banks, Financial District, San Francisco, Wells Fargo, Primary dealers, ING Group, Bank of America

Wells Fargo & Company (NYSE: WFC) announced today that Derek Ellington will join the company on October 18 as the head of Small Business Banking.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) announced today that Derek Ellington will join the company on October 18 as the head of Small Business Banking.
  • View the full release here: https://www.businesswire.com/news/home/20210722005911/en/
    Ellington joins Wells Fargo from Bank of America where his 24-year career spanned numerous roles in retail banking, commercial banking, credit, and small business banking.
  • As the head of Small Business Banking, Ellington will be responsible for driving growth and helping small business clients succeed financially.
  • Were thrilled to have Derek join us as the new head of Small Business Banking, said Mack.

Visa to Acquire Currencycloud

Retrieved on: 
Thursday, July 22, 2021
Professional services, Data management, Technology, Finance, Software, Banking, Payment cards, Credit cards, Money, Payment systems, Financial District, San Francisco, Visa Inc., Travel visa

Visa (NYSE: V) today announced it has signed a definitive agreement to acquire Currencycloud, a global platform that enables banks and fintechs to provide innovative foreign exchange solutions for cross-border payments.

Key Points: 
  • Visa (NYSE: V) today announced it has signed a definitive agreement to acquire Currencycloud, a global platform that enables banks and fintechs to provide innovative foreign exchange solutions for cross-border payments.
  • The financial consideration will be reduced by the outstanding equity of Currencycloud that Visa already owns.
  • The acquisition of Currencycloud is another example of Visa executing on our network of networks strategy to facilitate global money movement, said Colleen Ostrowski, Visas Global Treasurer.
  • Re-imagining how money flows around the global economy just got more exciting as we join Visa, said Mike Laven, Chief Executive Officer, Currencycloud.