Wells Fargo & Co.

US Banks Brace for Surge in Bad Debt Write-Offs
US Banks Brace for Surge in Bad Debt Write-Offs
October 11, 2023  |  Banking

The largest U.S. banks are reportedly bracing themselves for a surge in bad debt write-offs, the highest since the early days of the pandemic. JPMorgan...

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Goldman Sachs Boosts Compliance Department Amid Regulatory Scrutiny of Industry
Goldman Sachs Boosts Compliance Department Amid Regulatory Scrutiny of Industry
August 17, 2023  |  Regulation

Goldman Sachs Group is reportedly adding staff to its compliance department amid increased scrutiny of the industry from the Federal Reserve. The Wall Street firm plans...

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Congress Drills Bank Brass on Authorized Push Payments Fraud
Congress Drills Bank Brass on Authorized Push Payments Fraud
September 23, 2022  |  Bank Regulation

The top brass of the country’s seven biggest financial institutions faced lawmakers in a second meeting on Capitol Hill about accountability, consumer protection, and compliance,...

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GM, Ford Speed Up Payments To Small Suppliers Hurt By Shutdowns
GM, Ford Speed Up Payments To Small Suppliers Hurt By Shutdowns
May 28, 2020  |  Faster Payments

Two of the nation’s largest automakers are paying suppliers upfront to help small cash-strapped suppliers survive shutdowns caused by COVID-19. General Motors Co. and Ford...

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Large US Banks Are Raising Teller Wages
Large US Banks Are Raising Teller Wages
August 27, 2018  |  Banking

Even with mobile apps and banking robots, bank tellers are not going away: While conventional wisdom suggests that the job may be in decline, anecdotal...

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