wells fargo

Senators Press Banks for Better Defenses Against Wire Fraud
Senators Press Banks for Better Defenses Against Wire Fraud
April 19, 2024  |  Security & Fraud

The looming specter of wire fraud has spurred lawmakers to press big banks for better defenses against bad actors — and a detailing of the impact the...

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Banks Report Lending Slows as Corporate Borrowers Pay Down Debt
Banks Report Lending Slows as Corporate Borrowers Pay Down Debt
April 16, 2024  |  Banking

The largest U.S. banks are reporting a slowdown in lending. Bank of America and PNC were the latest to do so, with the former reporting Tuesday (April 16)...

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Banks Cut 5,000 Jobs in Q1 Amid Uncertain Economic Climate
Banks Cut 5,000 Jobs in Q1 Amid Uncertain Economic Climate
April 16, 2024  |  Personnel

The largest U.S. banks cut a total of more than 5,000 jobs during the first quarter. They did so to control costs during an uncertain...

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Earnings Season and FICO Data Point to ‘Strong’ Consumer Credit Profiles
Earnings Season and FICO Data Point to ‘Strong’ Consumer Credit Profiles
April 16, 2024  |  Consumer Finance

Earnings season, so far — and chiefly through the big banks — is pointing to some strength in consumer credit. And that strength has been...

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Wells Fargo Sees Brighter Days for US Consumer Spending
Wells Fargo Sees Brighter Days for US Consumer Spending
April 12, 2024  |  Earnings

The opening week of first-quarter earnings season was billed as a referendum on the state of the U.S. economy, specifically consumer spending. While Wells Fargo didn’t post...

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Bank Earnings May Highlight Volatile Consumer Spending
Bank Earnings May Highlight Volatile Consumer Spending
April 09, 2024  |  Earnings

Friday marks the beginning of earnings season. And, as is always the case, every three months, the big banks will give a glimpse into the...

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PayPal Taps Wells Fargo Veteran Amy Bonitatibus as Chief Corporate Affairs and Communications Officer
PayPal Taps Wells Fargo Veteran Amy Bonitatibus as Chief Corporate Affairs and Communications Officer
March 06, 2024  |  Personnel

PayPal has announced the appointment of its newest chief corporate affairs and communications officer, Amy Bonitatibus. Bonitatibus will begin her new role on May 28,...

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Wells Fargo Courts Frequent Travelers With New Autograph Card
Wells Fargo Courts Frequent Travelers With New Autograph Card
March 06, 2024  |  Credit Cards

Wells Fargo has added a card to its Autograph suite to woo frequent travelers.  The banking giant’s Autograph Journey card, announced Wednesday (March 6), offers accelerated earnings...

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Cash App Launches Offer of Up to 4.5% Interest on Savings
Cash App Launches Offer of Up to 4.5% Interest on Savings
February 15, 2024  |  Digital-First Banking

Cash App is now offering up to 4.5% interest on savings. “Earn up to 4.5% interest on your savings on Cash App through our partner bank...

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