The CFPB probes major banks like JPMorgan (JPM), BofA (BAC) and Well Fargo (WFC) over their handling of customer funds on the peer-to-peer payments platform Zelle.

Warren Buffett (Trades, Portfolio)'s Berkshire Hathaway (BRK.A, Financial) (BRK.B, Financial) sold about 34 million shares of Bank of America Corp. (BAC, Financial) between July 17 and July 19, 19 million shares between July 22 and 24 and another 18.40 million shares between July 30 and Aug. 1, according to recent Form 4 filings.

The Bank of Japan raised interest rates last week, throwing a monkey wrench into the yen carry trade. Stocks and bonds are selling off as foreign-currency investors struggle to unwind their trades.

Shares of Citigroup (C), JPMorgan (JPM), Bank of America (BAC), Wells Fargo (WFC), Goldman Sachs (GS) and other U.S. banks tumbled after a weak July jobs report.

Wells Fargo (WFC) discloses that it is under investigation for anti-money laundering and sanctions programs in its second-quarter SEC filing.

U.S. bank stocks slumped on Monday as fears of a recession sent investors fleeing from a sector closely tied to the health of the economy and toward safe-haven assets.

Rising unemployment and falling job growth point to a weakening economy. In response, the Fed may feel bigger interest rate cuts may be in order.

Wells Fargo's (WFC) cost-saving initiatives, along with its rising deposit balance, are expected to support its financials. However, a subdued loan balance is likely to impede the top-line growth.

Wells Fargo (WFC) faces a lawsuit that claims it violated a federal law requiring firms to manage employee health and retirement programs properly.

Wells Fargo (WFC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Wells Fargo continues its long-standing relationship, joining L'ATTITUDE as the presenting sponsor of the 2024 conference SAN DIEGO , July 30, 2024 /PRNewswire/ -- L'ATTITUDE, the nation's premier business event focused on amplifying the critical importance and power of the U.S. Latino cohort, is extending its partnership with Wells Fargo. As the presenting sponsor of the 2024 conference, Wells Fargo will join L'ATTITUDE in its mission to highlight how the influential U.S. Latino cohort is Forging the Future of The New Mainstream Economy in 21st Century America.

A U.S. judge ordered Wells Fargo to face a lawsuit alleging it defrauded shareholders by proclaiming its commitment to hiring diversity, even as it conducted sham job interviews of non-white and female applicants it had no plans to hire.