wells fargo

Big Banks See Strength In Trading And Digital, But COVID Sinks Their Consumer Businesses

Big Banks See Strength In Trading And Digital, But COVID Sinks Their Consumer Businesses
Big Banks See Strength In Trading And Digital, But COVID Sinks Their Consumer Businesses
July 14, 2020  |  Earnings

Big 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...

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Today In Payments: Amazon Introduces Smart Shopping Carts; Europe Reopens, Shopping Spree Underway
Today In Payments: Amazon Introduces Smart Shopping Carts; Europe Reopens, Shopping Spree Underway
July 14, 2020  |  News

In today’s top news, Amazon introduced shopping carts that let customers skip checkout lines, and retail sales in Europe surged by nearly 18 percent. Plus,...

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Wells Fargo’s Teller, ATM Transactions Drop 28 Pct Amid Pandemic
Wells Fargo’s Teller, ATM Transactions Drop 28 Pct Amid Pandemic
July 14, 2020  |  Earnings

Wells Fargo reported Tuesday (July 14) that its teller and ATM transactions plunged 28 percent in the second quarter amid COVID-related temporary branch closures and...

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Amid Security Fears, Wells Fargo Tells Employees To Remove TikTok From Phones
Amid Security Fears, Wells Fargo Tells Employees To Remove TikTok From Phones
July 12, 2020  |  Cybersecurity

Citing security concerns, Wells Fargo is asking employees to remove the TikTok apps from their work phones, Bloomberg reported. Get the Full Story Complete the...

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Wells Fargo Sets New Requirements For Jumbo Mortgages, May Reduce Workforce
Wells Fargo Sets New Requirements For Jumbo Mortgages, May Reduce Workforce
July 09, 2020  |  Banking

As it tightens the requirements for some mortgage transactions, Wells Fargo is mandating that new customers seeking to refinance a jumbo mortgage take $1 million in balances...

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Wells Fargo On What It Will Take To Revive The SMB Economy
Wells Fargo On What It Will Take To Revive The SMB Economy
July 03, 2020  |  SMBs

Small- and medium-sized businesses have been hit hard by the pandemic, but most are scrambling into digital pivots to blunt the impact of physical stores’...

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Wells Fargo On Why First Impressions Are Key In Digital Banking
Wells Fargo On Why First Impressions Are Key In Digital Banking
June 29, 2020  |  Banking

Consumers are embracing digital banking amid the pandemic, with many signing up for the first time. But time-consuming onboarding procedures that require extraneous details lead...

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