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The Latest Breaking News from Wells

Wells Fargo agrees to pay $1 billion to settle shareholders' class-action lawsuit

Wells Fargo has agreed to a pay $1 billion to settle a lawsuit filed by its shareholders

The Independent UK

JPMorgan clears the First Republic wreckage—and notches a $92 billion coup for investors who love the deal

Overnight, the nation's biggest bank added significant heft and stabilized the shaky outlook for regional banks.

Fortune

Wells Fargo executive Mary Mack, lauded for actions during massive scandal, is retiring

CHARLOTTE, N.C. — Wells Fargo’s Mary Mack, a top executive in Charlotte, will retire this summer after nearly 40 years in the banking industry and navigating a massive scandal at the bank.

Tribune News Service

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JPMorgan Posts Record Quarterly Revenue; Wells Fargo, Banks Beat Earnings After March Panic

JPMorgan posted record quarterly revenue Friday. Wells Fargo, Citigroup and PNC Financial beat results, sending bank stocks surging.

Investors Business Daily

Binance, CEO Sued By CFTC For Trading Violations; Bitcoin Price Stumbles

The CFTC sued Binance and its CEO, the latest U.S. government crackdown vs. cryptocurrency firms. The Bitcoin price fell but has pared losses.

Investors Business Daily

Coinbase Announces Very Bad News

The cryptocurrency exchange says it received a warning from the Securities and Exchange Commission (SEC), suggesting a possible enforcement action.

The Street

"Plaintiff Alleges He Fronted Howell Drugs in Exchange for a Promise to Pay Plaintiff Within the Week"

From McElrath v. MetaQuest, decided Friday by Magistrate Judge Kaymani West (D.S.C.): Plaintiff alleges he fronted Howell drugs in exchange for a promise to pay Plaintiff within the week. Plaintiff claims he and Howell agreed that Plaintiff would be allowed to confiscate Howell's enclosed trailer if Howell failed to pay.…

Reason

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Bruce Bedford obituary

Other lives: Caver who edited Descent caving magazine, and writer of plays for radio and stage

The Guardian - UK

Scottish director's debut film scores four Bafta nominations

A feature film debuting a Scottish director and writer has been recognised with multiple nominations for the British Academy Film Awards.

The National (Scotland)

Wells Fargo terminates employee over unruly behaviour on Air India flight

Wells Fargo said on Friday it had terminated one of its employees in India and was cooperating with local law enforcement, after allegations of misbehaviour onboard an Air India flight.

Reuters

Elizabeth Warren Demands Answers From Wells Fargo On 'Alarming Pattern' Of Zelle Fraud

Sen. Elizabeth Warren (D-Mass.) says she wants answers from Wells Fargo & Co (NYSE: WFC) on the Zelle fraud.

Benzinga

Spotify Has a Plan to Raise Margins, Will It Work?

The music business hasn't been very profitable for Spotify, but the company's pivot to podcasts and plans to reduce costs has Wells Fargo analysts turning more bullish on the stock.

The Street

Did Wells Fargo Really Schedule Fake Interviews to Dodge Diversity?

A new report claims that the financial services firm held interviews with 'diverse' candidates for positions that had already been filled.

The Street

Wells Fargo Taps Sol Gindi To Head Advisor, Wealth & Investment Client Relationship Group

Wells Fargo & Company (NYSE: WFC) announced that Sol Gindi would become the head of Wells Fargo Advisors (WFA) and the Wealth & Investment Management (WIM) Client Relationship Group.

Benzinga

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The Street

Apple Has a Big, Untapped Growth Opportunity, Wells Fargo Says

Apple's Mac desktops are popular in the creative and software-developer spaces, but major enterprise and commercial market adoption may not be far away.

Los Angeles Times

Consumer Confidential: In this, my final column, one last consumer problem to be solved

John and Dorothy Laguna opened a Wells Fargo checking account in 2014.

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