Wells Fargo

Big Four U.S. Banks Report Widespread Loan Deferral

As homeowners and other borrowers seek debt relief during the coronavirus pandemic, America’s four largest banks report at least $151.5 billion in loans with payments in deferral at midyear. The post Big Four U.S. Banks Report Widespread Loan Deferral appeared first on DSNews.

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Pandemic’s Impact on JPMorgan, Wells Fargo

While one posted record revenues, the other’s CEO said he was “extremely disappointed” in the Q2 2020 results, which saw its mortgage income fall drastically. The post Pandemic’s Impact on JPMorgan, Wells Fargo appeared first on DSNews.

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Wells Fargo Names New Chief Economist

Wells Fargo Corporate & Investment Banking (CIB), a division of Wells Fargo & Company has announced Jay Bryson has been named Chief Economist for its division, effective immediately. The post Wells Fargo Names New Chief Economist appeared first on DSNews.

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Wells Fargo Names New Head of Operations

Lester Owens joins Wells Fargo from Bank of New York Mellon. Prior to joining BNY Mellon, he spent 10 years at JP Morgan Chase, where he was responsible for Global Wholesale Banking Operations, among other roles. The post Wells Fargo Names New Head of Operations appeared first on DSNews.

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Maxine Waters Responds to Wells Fargo Request

The Chairwoman of the House Financial Services Committee is seeking more information on reports that the bank was seeking to remove the asset cap introduced in the wake of its fake accounts scandal. The post Maxine Waters Responds to Wells Fargo Request appeared first on DSNews.

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