BR100 Increased By (0.01%)
BR30 Increased By (0.53%)
KSE100 Increased By (0.28%)
KSE30 Increased By (0.29%)
AGHA 6.38 Increased By ▲ 0.06 (0.95%)
BECO 4.35 Increased By ▲ 0.08 (1.87%)
BML 62.55 Increased By ▲ 0.10 (0.16%)
BOP 31.39 Increased By ▲ 0.16 (0.51%)
CNERGY 11.73 Increased By ▲ 0.14 (1.21%)
CSIL 5.91 Increased By ▲ 0.19 (3.32%)
FCCL 61.71 Increased By ▲ 0.17 (0.28%)
FFL 14.79 Decreased By ▼ -0.23 (-1.53%)
FNEL 1.24 Increased By ▲ 0.01 (0.81%)
KEL 6.32 Increased By ▲ 0.06 (0.96%)
KOSM 5.90 Increased By ▲ 0.34 (6.12%)
LOTCHEM 24.69 Increased By ▲ 0.01 (0.04%)
MLCF 103.93 Decreased By ▼ -0.15 (-0.14%)
NBP 173.32 Decreased By ▼ -1.96 (-1.12%)
NCPL 51.83 Decreased By ▼ -0.94 (-1.78%)
NPL 54.03 Decreased By ▼ -0.09 (-0.17%)
OGDC 315.87 Increased By ▲ 2.48 (0.79%)
PACE 9.26 Increased By ▲ 0.06 (0.65%)
PAEL 35.58 Decreased By ▼ -0.22 (-0.61%)
PIBTL 13.66 Increased By ▲ 0.19 (1.41%)
PPL 226.07 Increased By ▲ 4.26 (1.92%)
PRL 80.28 Increased By ▲ 1.20 (1.52%)
PTC 46.64 Decreased By ▼ -0.21 (-0.45%)
SSGC 23.82 Decreased By ▼ -0.05 (-0.21%)
TBL 9.24 Decreased By ▼ -0.07 (-0.75%)
TELE 7.55 Increased By ▲ 0.16 (2.17%)
TPL 24.54 Decreased By ▼ -0.57 (-2.27%)
TPLP 12.99 Increased By ▲ 0.48 (3.84%)
TREET 25.98 Decreased By ▼ -0.27 (-1.03%)
TRG 53.33 Decreased By ▼ -0.11 (-0.21%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices IMF-World Bank meetings Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
Topic

Wells Fargo & Co

Goldman readies US workers for return to offices in June

Goldman readies US workers for return to offices in June

Published 04 May, 2021 05:45pm
  • The bank is planning to tell employees to be prepared to start working from offices by mid-June, the report said, citing people with knowledge of the matter.
  • Wells Fargo & Co said in March it would start bringing workers back to its offices after Labor Day, while JPMorgan Chase & Co said last week it was targeting workers' return to office on a rotational basis from July.
Wells Fargo profit beats estimates as credit costs stabilize

Wells Fargo profit beats estimates as credit costs stabilize

Published 14 Apr, 2021 05:13pm
  • The fourth-largest US lender said profit rose to $4.74 billion, or $1.05 per share, in the three months ended March, from $653 million, or 1 penny per share, a year earlier.
  • Since then, an ultra-loose monetary policy, trillions in stimulus support and an accelerated vaccination program have largely put the world's largest economy on a more solid footing.
Wells Fargo sells asset management arm to private equity firms for $2.1bn

Wells Fargo sells asset management arm to private equity firms for $2.1bn

Published 23 Feb, 2021 06:17pm
  • The sale represents the biggest shake-up at the US bank since former Bank of New York Mellon top boss Charles Scharf joined as chief executive officer in 2019.
  • Wells Fargo will own a 9.9% stake in the asset management unit and will continue as a client and distribution partner, the bank said.
Wells Fargo profit beats Wall Street estimates as credit costs fall

Wells Fargo profit beats Wall Street estimates as credit costs fall

Published 15 Jan, 2021 07:19pm
  • The fall in provisions was mainly due to the release of $757 million in reserves built after the announced sale of its student loan portfolio.
  • The bank paid $321 million in customer remediation costs in the quarter.
  • Total revenue fell 10% to $17.93 billion.
Wells Fargo's chief compliance officer quits

Wells Fargo's chief compliance officer quits

Published 13 Aug, 2020 11:13pm
  • Chief Compliance Officer Mike Roemer will be replaced by Paula Dominick.
  • The move comes after Wells Fargo said in July that Mike Santomassimo would replace John Shrewsberry as chief financial officer.
Wells Fargo swings to $2.4bn loss as pandemic bites

Wells Fargo swings to $2.4bn loss as pandemic bites

Published 14 Jul, 2020 06:44pm
  • The bank, among the United States' biggest mortgage lenders, reported a net loss of $2.4 billion, or 66 cents per share.
  • Wells Fargo, which reported its first quarterly loss since December 2008, set aside $9.57 billion in credit loss provisions in the second quarter of the year, up from $503 million a year earlier.
Wells Fargo pledges $400mn in support of small business after PPP payout

Wells Fargo pledges $400mn in support of small business after PPP payout

Published 09 Jul, 2020 06:13pm
  • At least $28 million is earmarked for non-profit community lenders catering to Black entrepreneurs, the bank said.
  • "If we look at the communities we serve and the intent and spirit of the program, we believe it was to lean in to help those businesses that were perhaps the most fragile."
Loading...