Wells Fargo

Why has China barred Wells Fargo banker from leaving the country?

The Chinese foreign ministry did not specify what charges under which Wells Fargo MD Mao Chenyue has been restricted from leaving the country

Updated On: 21 Jul 2025 | 8:49 PM IST

Wells Fargo slashes about 400 jobs in 2 months in India; more may follow

Wells Fargo had three centres in India with Bengaluru, Hyderabad, and Chennai till last year, employing about 37,000 people

Updated On: 14 Jul 2025 | 1:02 AM IST

Wells Fargo profits rise on strong investment banking performance

The US Federal Reserve imposed a $1.95 trillion asset cap in 2018 that prevents Wells Fargo from growing until regulators deem it has fixed failings in its governance and risk management

Updated On: 15 Jan 2025 | 6:13 PM IST

Wells Fargo CEO expresses increased confidence in regulatory fixes

The bank is in the last stages of a process to pass regulatory tests to lift a $1.95 trillion asset cap next year after fixing problems from its fake-accounts scandal, Reuters reported exclusively

Updated On: 11 Dec 2024 | 9:24 PM IST

Campus hiring soars as GCCs seek freshers skilled in data science and AI

Companies like Wells Fargo, JPMorgan Chase, Novartis, Epsilon, and EQ India are actively hiring from engineering colleges, business schools, and general degree institutions in India

Updated On: 09 Nov 2024 | 5:05 PM IST

Wells Fargo's profit falls on lower interest income in September quarter

The fourth-largest U.S. lender reported net income of $5.11 billion for the three months ended Sept. 30, compared with $5.78 billion a year earlier, it said on Friday

Updated On: 11 Oct 2024 | 4:49 PM IST

Wells Fargo launches 'Transgender persons hiring' in India for diversity

Leading financial services company Wells Fargo on Thursday said it has broadened its talent attraction strategy by launching the Transgender Persons Hiring Program in India, a move that will increase diverse representation across levels. Building on the programme's initial pilot with its 2022 cohort of 13 individuals hired in its technology function, the company aims to train and attract additional talent across multiple lines of business in 2024. The programme aims to provide employability skills training and professional development for transgender talent, Wells Fargo said in a statement. "Investing in diverse communities to upskill and unlock potential and, at the same time, set up the right environment for success is a critical area of focus for Wells Fargo," said Uday Odedra, executive vice president and Region head of Wells Fargo India & Philippines. In partnership with community organisation PeriFerry, the company currently sponsors 30 transgender individuals focused on ...

Updated On: 05 Sep 2024 | 4:59 PM IST

Wells Fargo fires staff for faking keyboard activity: How do employers spy?

Reports of employees using software to simulate mouse activity on devices to deceive their companies during work hours have surged since the Covid-19 pandemic

Updated On: 17 Jun 2024 | 9:40 AM IST

Microsoft-backed cybersecurity firm Rubrik aims to raise $713 mn in IPO

Goldman Sachs, Barclays, Citigroup, and Wells Fargo are the lead underwriters for Rubrik's IPO

Updated On: 15 Apr 2024 | 9:56 AM IST

Wells Fargo boosts end-2024 target on S&P 500 to Street-high of 5,535

The index has gained 9% so far this year, broadly boosted by expectations of interest rate cuts and investor frenzy around the AI boom

Updated On: 08 Apr 2024 | 7:28 PM IST

Major US banks report rising profits, cautious on economic outlook

JPMorgan's profit jumped 35 per cent on the year-ago quarter, while Wells Fargo profit surged 60 per cent. Citigroup reported a more modest year-on-year 2 per cent gain

Updated On: 13 Oct 2023 | 10:47 PM IST

Banking giant Wells Fargo prepares for wealth battle after $1 bn turnaround

When Chief Executive Officer Charlie Scharf took the reins at Wells Fargo in 2019, he quickly tagged the firm's wealth offerings as an area he'd seek to develop

Updated On: 23 Sep 2023 | 11:33 PM IST

US resilience to China's stumbling recovery questioned in Fed risk study

Just last month, economists at Wells Fargo estimated that if China's total output dropped by a cumulative 12.5% over three years, US growth would dip 0.2 percentage point in 2025

Updated On: 07 Sep 2023 | 7:52 PM IST

Wells Fargo to tap corporate bond market despite US credit downgrade

The deal comes just after Fitch downgraded the US sovereign credit grade one level to AA+ from AAA, arguing the nation's fiscal health will likely deteriorate over the next three years

Updated On: 02 Aug 2023 | 11:17 PM IST

Wells Fargo raises outlook for interest income after profit surges 57%

Wells Fargo reported profit of $1.25 per share for the three months ended June 30, beating analysts' average estimate of $1.16 per share, according to Refinitiv data

Updated On: 14 Jul 2023 | 7:15 PM IST

Wells Fargo accused of misleading statement, to pay $1 billion in lawsuit

The investors sued the bank in 2020 claiming that its former chief executive officer, Tim Sloan, and other executives made misleading statements in testimony

Updated On: 16 May 2023 | 9:10 PM IST

Wells Fargo reports beat on earnings, profit rise on higher rates

The firm had $13.3 billion in NII in the first three months of year, up 45% from a year earlier and more than the 42% jump analysts expected, Wells Fargo said

Updated On: 14 Apr 2023 | 6:13 PM IST

Urinating case: Air India imposes four-month flying ban on Shankar Mishra

Air India has said there was an error of judgment on part of its cabin crew and ground staff to identify the pee-on-board incident as a breach of discipline and it could have been handled better

Updated On: 19 Jan 2023 | 9:37 PM IST

Wells Fargo tops Q4 profit expectations, records revenue of $19.66 billion

Wells said the losses related to the regulatory matters were equal to about 70 cents per share

Updated On: 13 Jan 2023 | 7:01 PM IST

Report improper behaviour during flights promptly: Air India CEO to staff

DGCA issues advisory on unruly behavior in aircraft

Updated On: 06 Jan 2023 | 11:41 PM IST