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India

Imani Moise

Wells Fargo former interim CEO Parker steps down as general counsel

14 Nov 2019

Wells Fargo & Co said on Thursday general counsel Allen Parker, who briefly served as interim chief executive of the scandal-hit U.S bank, will step down next year.

UPDATE 2-Wells Fargo former interim CEO Parker steps down as general counsel

14 Nov 2019

Nov 14 Wells Fargo & Co said on Thursday general counsel Allen Parker, who briefly served as interim chief executive of the scandal-hit U.S bank, will step down next year.

Vendors squeezed in Wells Fargo cost cutting push

13 Nov 2019

At least seven vendors have given Wells Fargo & Co a partial refund for their services after bank executives pressured the contractors to return 2.5% of revenue earned last year, according to sources familiar with the matter.

IBM, Bank of America team up to launch financial services-specific cloud

06 Nov 2019

International Business Machines Corp said on Wednesday that it has built financial services-specific cloud technology in collaboration with Bank of America Corp , which will be the first major bank to use the platform.

IBM, Bank of America team up to launch financial services-specific cloud

06 Nov 2019

Nov 6 International Business Machines Corp said on Wednesday that it has built financial services-specific cloud technology in collaboration with Bank of America Corp, which will be the first major bank to use the platform.

New Wells Fargo CEO says he wants to fix problems, isn’t a 'wallflower'

01 Nov 2019

Wells Fargo & Co’s new chief executive, Charlie Scharf, told employees this week he is more hands-on in his early days than at his previous CEO roles in order to tackle the bank’s regulatory and operational problems as staff grilled him about everything from growth targets to his family dog.

Bank of America to give employees special bonuses for 2019 performance

30 Oct 2019

Bank of America Corp will reward employees for the bank's strong performance through special bonuses for the third straight year, according to an internal memo viewed by Reuters.

Exclusive: Wells Fargo lays off more than 200 business bankers in U.S. - sources

28 Oct 2019

Wells Fargo & Co has laid off more than 200 bankers in its U.S. lending divisions in recent months, as the bank reacted to business trends and restructured some units, sources familiar with the matter said this week.

EXCLUSIVE-Wells Fargo lays off more than 200 business bankers in U.S. -sources

27 Oct 2019

Oct 25 Wells Fargo & Co has laid off more than 200 bankers in its U.S. lending divisions in recent months, as the bank reacted to business trends and restructured some units, sources familiar with the matter said this week.

EXCLUSIVE-Wells Fargo lays off more than 200 business bankers in U.S. -sources

26 Oct 2019

Oct 25 Wells Fargo & Co has laid off more than 200 bankers in its U.S. lending divisions in recent months, as the bank reacted to business trends and restructured some units, sources familiar with the matter said this week.

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