The Office of the Comptroller of the Currency terminated a 2016 consent order against Wells Fargo. The consent order concerned deficiencies and unsafe or unsound...
America’s three biggest consumer banks saw their overdraft fee revenues fall 25% in 2023. J.P. Morgan Chase, Bank of America and Wells Fargo collected $2.2 billion in total in those...
Labels are popular on Capitol Hill. And this week the labels are flying fast and furiously, aimed at big banks and credit unions. The Consumer...
As earnings season rolls on, key themes from banks are emerging. Consumers are continuing to engage with their banks via mobile means, and branches are...
The initial headlines and initial takes on big bank earnings may have focused on the state of the consumer, on card spending, especially. But there’s...
Wells Fargo benefited from a strong economic environment and higher interest rates in 2023. Wells Fargo CEO and President Charlie Scharf said Friday (Jan. 12)...
Every three months, like clockwork, the earnings roll in. And every three months, the big banks usher in the “official” start of earnings season. Will...
Barclays reportedly laid off about 5,000 workers in 2023 as part of a cost-cutting campaign. A spokesperson for the British bank told Reuters Monday (Jan. 8)...
Goldman Sachs has reportedly appointed Wells Fargo executive Paul Camp as its new head of transaction banking. Camp will also become a Goldman partner, Reuters reported Monday (Dec. 11). He...