Wells Fargo

  • 14 Jan 2015 at 4:50 PM
  • Banks

Wells Fargo Had A Quarter

Pretty weighed down.Some banks are still having difficulty boosting their profits. John Stumpf sympathizes with them. Sure, his bank continues to rake in increasing amounts of dough every quarter, but it’s not like all is rosy on the wagon train. Read more »

wells fargoThe way former Wells Fargo research analyst Gregory Bolan sees it, the Securities and Exchange Commission’s suit against him and a former colleague– Joseph Ruggieri– isn’t just about alleged insider trading. Oh sure, it’s about that, too, but take a couple steps back and you’ll see that this thing is so much bigger. Bigger than them, bigger than you, bigger than all of us. At its heart, it’s about the regulator trying to silences the bros of the world from emailing their office bros to say broisms re: bro-work. It’s about wanting to take away that which bros hold so dear– the right to call other guys bros, to write things like “crush it,” to not use apostrophes, to generally be bro-y. And that’s something for which Gregory Bolan, Bro, will not stand. Read more »

  • 01 Dec 2014 at 2:46 PM
  • Banks

John Strumpf Gets Green Light To Run Wells Fargo Into The Ground

Not systemically important.The bank has become boring enough to pose no threat to anyone but its shareholders. Read more »

Book references aside, is that not the image you’re getting here? Read more »

  • 12 Aug 2014 at 3:15 PM

Vascular Biogenics Will Show Itself Out

Forget about what you thought you heard about an IPO. There was no IPO. Read more »

Wells Fargo hoped it would help it avoid a very costly sit-down with Preet Bharara, but a federal appeals panel didn’t buy the “we’re just an old-timey stagecoach company that didn’t know we were saddling the government with the bill for all of the bad loans we were making, and oh yea didn’t we already settle this thing already?” argument. Expect another “Bank X To Pay $Y Billion To Settle Mortgage Claims” headline between now and early next year. Read more »

Earlier today, Wells Fargo announced that it would be getting into the news business, with the launch of Wells Fargo Stories, “a vibrant online magazine that showcases how the company’s team members work to help customers succeed and communities thrive around the world.” And while that’s all well and good, and we wish the publication the best, it might have considered waiting until volume 10 or 13 before rolling out a story that involves speeding trains, an elderly couple, and A WELLS FARGO EMPLOYEE WHO POSSESSES SUPER-HUMAN STRENGTH, which will be difficult to top. Read more »

Bank of America mortgage servicers, not so much. Read more »