Wells Fargo customers are skeptical about the reason why they were unable to access accounts; the bank said there was...
Wells Fargo has seen customers become more adept at using digital and plans to accelerate their branch closure plans; the company is looking to close more than 800 branches by the end of 2020; “Our vision of satisfying our customers’ financial needs remains unchanged, but how we execute this vision has evolved; this evolution includes developing new ways to more efficiently serve our customers and create a better customer experience,” said CEO Tim Sloan on a conference call as reported by TearSheet; the closures are expected the save the bank about $4bn. Source.
Wells Fargo shared that they set aside $4 billion in loan-loss provisions in Q1 2020, a number five times that...
Greenhouse, the new Wells Fargo banking app, will offer customers a new mobile banking experience to help manage finances; users will be able to manage their money and have the ability to send and receive payments; Crowdfund Insider reports Avid Modjtabai, Head of Payments, Virtual Solutions and Innovation at Wells Fargo said at an industry event, “We believe the Greenhouse experience will appeal to a broad base of consumers, many of whom have several income sources or are paid infrequently, which can make budgeting a challenge.” Source.
Wells Fargo, PayPal and Discover have joined together to help provide capital for fintech startups founded by women; in Q3...
Saul Van Beurden, Head of Technology at Wells Fargo, sat down with American Banker to talk about the bank’s response...
Deciding to close the branches in late March was a pretty easy decision for banks as nothing was more paramount...
Back in the late 1990s and early 2000s there was discussion about consolidation of banks creating a barbell effect, a...
There is a growing group of fintechs who have designed their products specifically for Gen Z, who are defined as...
In American Banker Penny Crosman considers Mastercard’s recent announcement of the acquisition of Finicity and Visa’s acquisition of Plaid; if...