Wells FargoIndustry News

Hold Wells Fargo responsible: Gap margins will benefit from headquarters consolidation: Wells Fargo

From MarketWatch: Gap Inc. GPS, +3.26%has announced that it will consolidate its San Francisco headquarters, shutting the Old Navy office that was in Mission Bay. Gap brands also include the namesake, Banana Republic and Athleta....

Hold Wells Fargo responsible: Wells Fargo CEO Scharf’s pay drops nearly 12% in 2020

From Fox Business: Wells Fargo Chief Executive Officer Charles Scharf's annual pay fell by about $3 million, or 12%, in 2020, a regulatory filing showed on Friday. Scharf will receive $20.3 million for his work during...

Wells Fargo headlines: Wells Fargo To Pay $2M To Settle Wage And Hour Class Action

From Law360: Law360 (February 8, 2021, 6:59 PM EST) -- Wells Fargo agreed to pay $2 million to settle a class action over allegations that it did not provide its home mortgage consultants and private...

San Francisco Business Times on Wells Fargo: Wells Fargo layoffs hit San Francisco

From San Francisco Business Times: Wells Fargo is eliminating 79 jobs in San Francisco as the company seeks to cut its annual expenses by almost 20% as part of a long-term cost-cutting effort, according to...

Forbes on Wells Fargo: Wells Fargo’s Head Of Tech Plots A Strategy For Innovation

From Forbes: Saul Van Beurden is the Head of Technology for Wells Fargo, a role he has had for nearly two years, after having spent time as the Chief Information Officer of Consumer and Community...

Wells Fargo customers take note: Wells Fargo says federal agency ends anti-money laundering consent order

From Reuters: (Reuters) - Wells Fargo & Company said on Tuesday the Office of the Comptroller of the Currency (OCC) had terminated a 2015 consent order related to an anti-money laundering compliance program after the...

Mall Owner CBL Says It Didn’t Default On Wells Fargo Loans, according to Law360

From Law360: Law360 (February 3, 2021, 10:01 PM EST) -- Mall owner CBL & Associates on Wednesday asked a Texas bankruptcy judge to throw out an attempt by Wells Fargo to declare it in default...

Law.com reports Longtime Wells Fargo In-House Counsel Joins Troutman Pepper | The American Lawyer

From Law.com: A 20-year member of Wells Fargo’s in-house legal team has left to join Troutman Pepper Hamilton Sanders’ consumer financial services practice group, bringing to the firm an insider’s perspective of a longtime client...

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Wash. Judge Shortage May Sway T-Mobile Breach Row Venue, according to Law360

From Law360: T-Mobile and counsel for consumers suing the telecom giant over its massive data breach squared off Thursday...

Phil Weinberg, longtime attorney for Flyers, Wells Fargo Center, and Comcast Spectacor, dies at 66, says The Philadelphia Inquirer

From The Philadelphia Inquirer: Phil Weinberg, the attorney for the Flyers, Comcast Spectacor and the Wells Fargo Center, died unexpectedly...

Top Uber story from The New York Times: Uber Survived the Spying Scandal. Some Careers Didn’t.

From The New York Times: The men who gathered intelligence for Uber were supposed to be ghosts. For years, they...