wells fargo

Today In Digital First Banking: Wells Fargo To Sell Asset Management Operation; FDIC Says Bank Profits Fell 36.5 Pct In 2020

Today In Digital First Banking: Wells Fargo To Sell Asset Management Operation; FDIC Says Bank Profits Fell 36.5 Pct In 2020
Today In Digital First Banking: Wells Fargo To Sell Asset Management Operation; FDIC Says Bank...
February 23, 2021  |  Banking

In today’s top news in digital-first banking, Wells Fargo announced that it has made a deal to sell its asset management business for $2.1 billion,...

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Wells Fargo To Sell Asset Management Business For $2.1 Billion
Wells Fargo To Sell Asset Management Business For $2.1 Billion
February 23, 2021  |  Acquiring

San Francisco-based Wells Fargo announced on Tuesday (Feb. 23) that it had reached an agreement to sell its asset management business for $2.1 billion to...

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Wells Fargo Opts To Stay In Private-Label Card Business
Wells Fargo Opts To Stay In Private-Label Card Business
February 09, 2021  |  Credit Cards

Wells Fargo has decided to keep its private-label credit card business after testing the market for a possible sale, Bloomberg reported. Get the Full Story...

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Wells Fargo Invests In Six Black-Owned Banks To Boost Equality
Wells Fargo Invests In Six Black-Owned Banks To Boost Equality
February 08, 2021  |  Banking

Wells Fargo, trying to invest more in Black-owned banks, has put equity investments into six of them thus far, according to a Monday (Feb. 8) press...

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Westlake Financial Securely Raises The Speed Limit For Auto Financing Disbursements
Westlake Financial Securely Raises The Speed Limit For Auto Financing Disbursements
January 22, 2021  |  Real-Time Payments

Car buyers want instant access to auto loan disbursements, but there are risks to offering real-time speeds, says Raul Alvarez, director of accounting operations at...

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Q4 Earnings Show Big Banks Fared Better Than Expected In 2020
Q4 Earnings Show Big Banks Fared Better Than Expected In 2020
January 15, 2021  |  Earnings

In 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...

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Wells Fargo’s Provision For Credit Losses Drops $823 Million
Wells Fargo’s Provision For Credit Losses Drops $823 Million
January 15, 2021  |  Earnings

Wells Fargo reported on Friday (Jan. 15) as part of its Q4 2020 earnings that its provision for credit losses fell $823 million. The bank...

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Today In B2B: HSBC Launches Cash Flow Tech; TD Makes Equipment Finance Buy
Today In B2B: HSBC Launches Cash Flow Tech; TD Makes Equipment Finance Buy
January 15, 2021  |  B2B Payments

Today in B2B payments, HSBC launches cash flow management tool, and TD Bank acquires equipment finance operations from Wells Fargo. Plus, AspireHR links with SAP...

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