After tremendous backlash, one of the nation’s biggest banks has changed its mind about deciding to shutter personal lines of credit for its customers. Customer backlash was so severe that Wells Fargo has reversed its decision it made earlier this summer. The bank has decided to keep the products available for those who actively used … Continue reading “Wells Fargo Changes its Mind About Closing Personal Lines of Credit”
Tag: wells fargo
Wells Fargo Tells Customers its Shutting Down Existing Personal Lines of Credit
In a move that may affect millions of customers, Wells Fargo has announced that they…
July 8, 2021
Hot Stocks
Wells Fargo Shares Soar on Analyst Upgrade and Yellen Nomination for Treasury Secretary
Wells Fargo saw its stock rise on Tuesday after receiving analyst upgrades and President-elect Joe…
November 26, 2020
Hot Stocks
Wells Fargo & Co. Will Cut Hundreds of Jobs
Banking giant Wells Fargo & Co. will be slashing over 700 commercial-banking jobs as it…
October 8, 2020
Company News
Wells Fargo is Now Requiring Clients to Have $1 Million in Balances to Refinance Jumbo Mortgages
With the economy in such dire straits, Wells Fargo made a surprising move by telling…
July 10, 2020
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Former Wells Fargo CEO Has to Pay $17.5 Million For Sales Scandal
John Stumpf, the former CEO of Wells Fargo, was barred from ever working at a…
January 24, 2020
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Beyond Meat Tumbles After Wells Fargo Comments
Wells Fargo initiated coverage on meat alternative company Beyond Meat this week and the bank's…
October 15, 2019
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Harley Davidson Just Got a Downgrade from Wells Fargo Over This
A weak market and tariff concerns prompted Wells Fargo to lower its rating on Harley-Davidson…
April 10, 2019
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Wells Fargo’s CEO Tim Sloan Is Stepping Down
Shares of Wells Fargo were moving higher after the company's CEO Tim Sloan said he…
March 28, 2019
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Wells Fargo Has to Pay $2.09B For This Wrong Move
Wells Fargo has another big penalty to pay, and this time its for allegedly misrepresenting…
August 1, 2018
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Wells Fargo Is Being Examined Over 401K Policies
According to a Wall Street Journal report on Thursday, banking giant Wells Fargo is in…
April 26, 2018
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Wells Fargo Could Have to Pay a $1 Billion Penalty
Wells Fargo may soon have to shell out a cool $1 billion as a penalty…
April 20, 2018
Wells Fargo & Co. is Ordered to Return $3.4 Million to Customers
It was a bad day for Wells Fargo but a victorious day for Wells Fargo…
October 17, 2017
Hot Stocks
Under Armour Gets a Downgrade from Wells Fargo
Shares of sportswear maker Under Armour slipped on Tuesday after Wells Fargo downgraded the company.…
September 20, 2017