Organizations

Wells Fargo

Wells Fargo cuts more jobs as part of earlier cost-cutting drive

Wells Fargo cuts more jobs as part of earlier cost-cutting drive

Source: Reuters
Date of Publication: October 7th, 2020
Wells Fargo & Co WFC.N has started to cut jobs at its commercial banking unit as part of larger reductions that will impact nearly all of its functions and business lines, a company spokeswoman said on Wednesday.
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Big U.S. banks to report profit plunge as pandemic recession takes hold

Big U.S. banks to report profit plunge as pandemic recession takes hold

By: David Henry
Source: Reuters
Date of Publication: October 1st, 2020
As big U.S. commercial banks close their books on the third quarter, analysts expect them to report a 30% to 60% plunge in profits on the year-ago period due to the pandemic-induced recession and near record low interest rates.
Wells Fargo Announces Aid for Customers and Communities Impacted by COVID-19

Wells Fargo Announces Aid for Customers and Communities Impacted by COVID-19

By: Beth Richek
Source: Wells Fargo
Date of Publication: March 20th, 2020
Wells Fargo's response to COVID-19 includes suspending residential foreclosure sales, fee waivers and acceleration of $175 million in donations to help the most vulnerable.
As big U.S. banks let customers delay payments, loan losses remain unclear

As big U.S. banks let customers delay payments, loan losses remain unclear

By: Elizabeth Dilts Marshall, Imani Moise
Source: Reuters
Date of Publication: July 17th, 2020
Major U.S. bank executives this week said they extended forbearance programs to millions of credit card, auto loan and mortgage customers who were financially hard hit by the coronavirus pandemic.
Wells Fargo swings to $2.4 billion loss as pandemic bites

Wells Fargo swings to $2.4 billion loss as pandemic bites

Source: Reuters
Date of Publication: July 14th, 2020
Wells Fargo & Co swung to a second-quarter loss as the coronavirus set back the bank’s progress in recovering after a series of misselling scandals, forcing it to set aside billions of dollars to cover potential loan losses and slash its dividend.
The Forbes Corporate Responders New Rankings of Nation's Top Employers' Responses to Pandemic

The Forbes Corporate Responders New Rankings of Nation's Top Employers' Responses to Pandemic

By: Ezequiel Minaya
Source: Forbes
Date of Publication: May 26th, 2020
Our new ranking, developed in conjunction with research partner JUST Capital, assesses how well the 100 largest employers among U.S. public companies mobilized to meet the challenges of the coronavirus.
America’s Fortune 500 take on COVID-19

America’s Fortune 500 take on COVID-19

By: Noelani Kirschner
Source: ShareAmerica
Date of Publication: April 3rd, 2020
Many of America’s most successful companies are giving money, supplies and know-how to take on the COVID-19 crisis at home and abroad. The article highlights the response from a number of Fortune 500 companies.