The Trump effect on big banks — particularly their stock prices — has gotten an awful lot of play in the last week or two. But more quietly, America’s small banks and small bankers have been gearing up to get excited for the forthcoming changing of the...
The government had decided that, in the wake of account creation scandal that has already seen the bank at the business end of $185 million in fines, Wells Fargo could probably also use some additional oversight. Get the Full Story Complete the form to unlock...
Is Wells Fargo effectively a beneficiary of that old adage that “bad publicity is better than no publicity at all?” Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Coming off the heels of a fake account scandal that resulted in the departure of Wells Fargo CEO John Stumpf, the bank is providing an update about the impact it’s having on the business. Get the Full Story Complete the form to unlock this article...
A couple of months since the Wells Fargo fake account scandal broke, Warren Buffett is breaking his silence, telling CNN that Wells Fargo made a “terrible mistake” by maintaining its sales goals. Get the Full Story Complete the form to unlock this article and enjoy...
Bill.com, the business payments company, announced Wednesday (Nov. 9) the launch of Bill.com Connect, a digital payments service designed to help banks improve their relationships with small and medium-sized businesses. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Consumers have been burned by financial institutions in more ways than one. From data breaches to market crashes, many have lost trust in the traditional financial system’s ability to deliver the security and stability consumers need. But what would it take to change that? Ray...
It’s getting hard out there for a tech vendor — particularly those that sell to banks. Banks are cutting costs these days — hit by high compliance costs and an interest rate that the Fed keeps delaying raising — and those costs are hitting vendors like DH Corp., Fiserv Inc....
Wells Fargo disclosed Thursday (Nov. 3) it is raising the amount of money it set aside for legal fees due to the fake account scandal and added the Securities and Exchange Commission to the growing list of regulators that are looking into its sales practices....
