Users can stay in control of their finances with the Wells Fargo Mobile app. They can make check deposits, transfer funds and pay bills all within the app.
January 15, 2021In the first wave of Q4 earnings reports, J.P. Morgan Chase, Citigroup and Wells Fargo showed the pandemic’s impact on critical lending and spending, and of course debt repayment, may not ...
January 15, 2021Wells Fargo reported on Friday (Jan. 15) as part of its Q4 2020 earnings that its provision for credit losses fell $823 million. The bank attributed the drop mostly to ...
January 15, 2021Today in B2B payments, HSBC launches cash flow management tool, and TD Bank acquires equipment finance operations from Wells Fargo. Plus, AspireHR links with SAP Concur, EedenBull teams with NAB ...
January 14, 2021The Toronto-Dominion Bank (TD) and Wells Fargo have unveiled a deal through which TD will buy the Canadian Direct Equipment Finance operation of Wells Fargo, which is “subject to certain closing ...
January 13, 2021The start of earnings season typically is marked by banks’ reports – and a slew of them report this week, clustered on Friday (Jan. 15).
That day, we’ll hear from marquee ...
January 4, 2021Wells Fargo, despite not being generally perceived as a leader in the world of trading and dealmaking, will push more to boost its investment bank this year, under a strategy ...
December 24, 2020At the dawn of 2020, commercial cards made up only a fraction of overall B2B payments volume, even as corporates continued their slow-but-sure payments digitization efforts away from the paper ...
December 16, 2020 Corporate buyers and sellers continue to struggle with disruptions to cash flow and administrative processes that are being caused by the pandemic.
This may make it more important than ever for ...
December 9, 2020Today in B2B payments, Wells Fargo and Bill.com have teamed up for small business payments technology, and TransferMate has secured more licenses for its cross-border payment solution. Plus, Ivalua is ...
December 9, 2020In today’s top news in digital-first banking, U.K. FinTech Revolut has introduced its Pockets tool, while Robinhood Markets is reportedly working with Goldman Sachs for its public offering preparations. Plus, ...
December 9, 2020Bill.com and Wells Fargo are partnering on a new feature called Bill Manager to help small- to medium-sized businesses (SMBs) access automation for the accounts payable (AP) and accounts receivable ...
December 9, 2020Charlie Scharf, the CEO of Wells Fargo, thinks once the COVID vaccines are able to reach wide swathes of the country, the U.S. economy will recover quickly, CNBC reports.
“The world ...
November 25, 2020The virtual commercial card is heating up in this week’s roundup of the latest in commercial card innovation. Visa and Wells Fargo are among the latest players to drive virtual ...
November 20, 2020Today in B2B payments, Wells Fargo rolls out its virtual card services for B2B payments, while PayPal Ventures makes a B2B payments investment. Plus, Simfoni lands on Vroozi’s procure-to-pay platform, ...
November 19, 2020Wells Fargo is beefing up its digital payments arsenal with a new service aimed at business customers.
The financial services giant on Thursday (Nov. 19) announced in a press release that ...
November 13, 2020In today’s top digital-first banking news, FISPAN has joined Mastercard’s Start Path accelerator program, while Wells Fargo & Co is looking to sell its private-label credit card and point-of-sale (POS) ...
November 13, 2020The U.S. Securities and Exchange Commission (SEC) on Friday (Nov. 13) civilly charged former Wells Fargo CEO John Stumpf and Carrie Tolstedt, ex-head of Wells Fargo’s Community Bank, with allegedly ...
November 12, 2020Wells Fargo & Co is seeking to sell its private-label credit card and point-of-sale (POS) financing unit as part of an ongoing strategic review of its businesses.
The banking group has ...
November 11, 2020This week’s exploration of the latest in commercial card innovations finds a resilient market despite the perceived slowdown in corporate spend.
Virtual cards continue to remain a key focus, with FinTechs ...
November 6, 2020Today in B2B Payments, a corporate card startup is chosen for Wells Fargo’s accelerator program. Plus, Xero bolsters its expense management technology, Cashfree partners with India’s largest B2B eCommerce platform, ...
November 5, 2020Extend and Oliver have joined the ranks of Wells Fargo‘s Startup Accelerator, which a press release stated will afford them education, mentorship and investment to guide early-stage growth.
The Startup Accelerator ...
November 2, 2020Economic headwinds abound. This week marks the culmination of an election season like no other. Virus cases are rising.
But as earnings season nears its inevitable end, the puzzle pieces (in ...
October 19, 2020Builder confidence is surging for the second consecutive month, hitting a record high of 85 in October, according to the National Association of Home Builders (NAHB/Wells Fargo) Housing Market Index ...
October 15, 2020Call it silver linings — maybe not yet green shoots. But bank earnings are showing that loan loss reserves were more conservative than needed (at least for now) and that ...
October 14, 2020Wells Fargo has fired over 100 employees for allegedly improperly collecting COVID-19 relief funds, according to sources quoted by Bloomberg.
The staffers reportedly defrauded the Small Business Administration (SBA) by “making ...
October 14, 2020Despite reporting rough overall Q3 results Wednesday (Oct. 14), Wells Fargo called out strong mortgage banking fees, higher equity markets and declining sequential charge-offs as positives for the period.
“As we ...
October 8, 2020In today’s top news in digital-first banking, Revolut is rolling out a new feature to encourage youth to stash cash, while the Bank of Korea has indicated that it plans ...
October 7, 2020Wells Fargo & Co. has eliminated more than 700 jobs in commercial banking, kicking off a series of cuts that eventually could number in the tens of thousands, Bloomberg News ...
October 1, 2020As banks look to streamline access to finance or make it easier to safely share financial information with apps, Barclays Business Banking and Wells Fargo are joining forces with FinTechs ...
September 14, 2020Hotels.com has launched a credit card to help users access rewards, according to CNBC.
The card is backed by Visa and issued by Wells Fargo. It will build on the existing ...
September 10, 2020Colleen Taylor, a Wells Fargo alum, will join American Express as the company’s new president of merchant services, a press release announced.
In her new role, Taylor will report to Global ...
September 7, 2020Warren Buffett has once again reduced his company’s investment in Wells Fargo & Co., favoring Bank of America (BoA) instead.
The Financial Times (FT) reported Berkshire Hathaway now owns 138 million ...
September 1, 2020Wells Fargo is launching a new, low-cost bank account — with access as well to a new digital payments service — in its latest move to push beyond a series ...
August 21, 2020The moratorium on job cuts at Wells Fargo & Co. is over.
Bloomberg News reported the San Francisco-based global financial services company has launched a long-term cost-cutting effort.
Facing pressure to reduce ...
August 5, 2020Peggy Mangot, who once led the development of the Wells Fargo mobile banking app Greenhouse, has been hired by online payments giant PayPal as part of the company’s internal ventures ...
August 2, 2020When Fathom Unlimited Inc. needed financial help in April as the pandemic led to a loss of customers, founder Pavia Rosati turned to her bank, Capital One Financial Corp., for ...
July 27, 2020In today’s top news, economists say the U.S. economy could take two years to recover, and Google faces a lawsuit in Australia over its use of personal data. Plus, Wells ...
July 26, 2020Wells Fargo is engaging in significant cost-cutting, including layoffs, in a bid to become more lean amid the pandemic-induced financial crisis, The Wall Street Journal (WSJ) reported.
The total number of ...
July 15, 2020Wells Fargo has quietly stopped accepting new users for its Greenhouse mobile-first banking app, which the bank unveiled less than three years ago.
“The enrollment period for the Greenhouse mobile banking ...
July 14, 2020Big banks kicked off the second-quarter earnings season Tuesday (July 14) by reporting COVID-weakened consumer banking revenues, but bright spots in trading and digital. While JPMorgan Chase and Citi managed ...