Aankondiging • Aug 04
Wells Fargo Introduces Tokenized Deposits for Corporate and Commercial Clients Wells Fargo & Company announced the introduction of tokenized deposits, a blockchain-based representation of commercial bank money that when fully deployed will enable Wells Fargo’s corporate and commercial clients to move, program, and settle funds 24/7/365 — without leaving the regulated, insured banking system. The program will roll out this fall with a limited USD to British pound (GBP) exchange and will expand over the course of 2027 to more clients, countries, and currencies. Wells Fargo’s tokenized deposits solution will be integrated into existing offering and automatically route payments through tokenized deposits when they can improve speed, timing, and flexibility, delivering a more seamless client experience. Future enhancements will be designed to deliver measurable operational value: Always-on settlement: Wells Fargo clients will be able to move funds between accounts, subsidiaries, or counterparties 24/7, including weekends and holidays — no more waiting on batch cutoffs or wire windows. Programmability: The ability to set conditional payments with Wells Fargo smart contracts, which will allow the release of funds based on predefined logic. The same Wells Fargo client protections: Wells Fargo’s tokenized deposits will carry the same regulatory protections and deposit insurance eligibility as Wells Fargo's existing deposit products. Wells Fargo’s tokenized deposits capability leverages its leading proprietary blockchain platform, which can support in-house custodial wallets and the bank’s inter-chain connectivity technology in future offerings. Wells Fargo’s tokenized deposits solution will be introduced this fall for select participating corporate and commercial clients for USD to GBP transactions, with a broader rollout planned throughout 2027 including availability for all eligible clients and additional currencies. Aankondiging • Jul 29
Wells Fargo & Company Increases Quarterly Dividend, Payable on September 1, 2026 Wells Fargo & Company announced its board of directors approved a quarterly common stock dividend of $0.50 per share, payable September 1, 2026, to stockholders of record on August 7, 2026. The third quarter dividend represents an increase of $0.05 per share, or 11%, from the prior quarter. Aankondiging • Jul 15
Wells Fargo & Company Reports Net Charge Offs for the Second Quarter Ended June 30, 2026 Wells Fargo & Company reported net charge offs for the second quarter ended June 30, 2026. For the period, the company reported net charge-offs of $883 million compared to $997 million a year ago. Net loan charge-offs of $876 million compared to $997 million a year ago. Aankondiging • Jul 10
Wells Fargo & Co Announces Appointment of Tom Nicholls as Head of Sports Investment Banking Wells Fargo & Co had announced a new hire to run its Sports Investment Banking operations. The company had hired Tom Nicholls from PJT Partners Inc. for the position, and he would function as head of the unit. Nicholls had joined the San Francisco-based firm's corporate and investment bank as a managing director. Aankondiging • Jun 25
Wells Fargo & Company Provides Dividend Guidance for the Third Quarter of 2026 Wells Fargo & Company announced that it expects to increase its third quarter 2026 common stock dividend by 11% to $0.50 per share from $0.45 per share, subject to approval by the Company’s Board of Directors at its regularly scheduled meeting in July 2026. Aankondiging • Apr 29
Wells Fargo & Company announces Quarterly dividend, payable on June 01, 2026 Wells Fargo & Company announced Quarterly dividend of USD 0.4500 per share payable on June 01, 2026, ex-date on May 08, 2026 and record date on May 08, 2026. Aankondiging • Apr 16
Wells Fargo & Company Reports Net Charge-Offs for the First Quarter Ended March 31, 2026 Wells Fargo & Company reported net charge-offs for the first quarter ended March 31, 2026. For the quarter, the company reported net charge offs of $1,106 million compared to $1,009 million in the same period last year. Aankondiging • Mar 19
Wells Fargo & Company, Annual General Meeting, Apr 28, 2026 Wells Fargo & Company, Annual General Meeting, Apr 28, 2026. Aankondiging • Feb 24
Wells Fargo & Company Appoints Dennis Devine as Head of Business Banking, Effective February 23, 2026 Wells Fargo & Company announced that Dennis Devine has been named the company’s new head of Business Banking, effective February 23, 2026. In this role, Devine will lead the Business Banking team, which serves the financial needs of business owners with annual sales of up to $25 million. Dennis Devine brings to Wells Fargo more than 20 years of financial services experience and a deep understanding of how to meet the needs of Business Banking customers. During his career, Devine has served in primarily consumer and business banking-focused leadership roles. Most recently, he was president and CEO of Alliant Credit Union. Earlier, Devine led consumer and business banking at KeyBank, where he was responsible for retail, business banking, wealth management, home lending, and auto finance. Devine also has served in banking leadership roles at Citizens Financial Group, PNC, and National City. Aankondiging • Jan 28
Wells Fargo & Company Declares Quarterly Common Stock Dividend, Payable on March 1, 2026 Wells Fargo & Company announced its board of directors approved a quarterly common stock dividend of $0.45 per share, payable March 1, 2026, to stockholders of record on Feb. 6, 2026. Aankondiging • Jan 26
Wells Fargo & Company Appoints Faraz Shafiq as Head of AI Products and Solutions, Effective February 9, 2026 Wells Fargo & Company announced the appointment of Faraz Shafiq as Head of AI Products and Solutions, effective February 9, 2026. This move demonstrates the bank’s commitment to leveraging artificial intelligence (AI) to shape the future of financial services and transform how it works to deliver for employees, customers, and communities. Shafiq will report to Saul Van Beurden, Head of AI and Co-CEO of Consumer Banking and Lending, and work out of San Francisco. With more than 15 years of experience in technology leadership and product innovation across notable companies like Amazon Web Services, Verizon, AT&T, and Google, Shafiq will oversee the vision, roadmap, and development for enterprise-wide, AI-powered products. Aankondiging • Dec 05
A $33 Million Global Settlement Has Been Reached in A Pair of Consolidated Lawsuits Against Wells Fargo & Company and Wells Fargo Bank, N.A Wells Fargo & Company announced a $33 million global settlement has been reached in a pair of consolidated lawsuits against Wells Fargo & Company and Wells Fargo Bank, N.A. (together, "Defendants"), including a class action filed on behalf of consumers by various individuals and another lawsuit filed by a court-appointed receiver. These lawsuits allege that Defendants assisted the "Apex Entities," "Triangle Entities," and "Tarr Entities" (which misled consumers into monthly subscriptions and products), by opening bank accounts for dozens of companies and transferring millions of dollars into their third-party bank accounts. Defendants deny all of the claims in the lawsuits and deny any wrongdoing or liability. Plaintiffs and Defendants do not agree about the claims or allegations made in this lawsuit. The lawsuit has not gone to trial, and the Court has not decided whether Plaintiffs' claims have merit, and has not decided whether Plaintiffs or Defendants are right, or what, if any damages might be awarded if Plaintiffs are right. Plaintiffs and Defendants have agreed to a settlement, subject to the Court's approval, to avoid the uncertainty, burden, and expense of further protracted litigation. The Court has appointed lawyers from Glancy Prongay & Murray LLP to serve as Class Counsel. They will request to be paid legal fees and expenses in pursuing these lawsuits. The Court will hold a Final Approval Hearing on March 26, 2026, at Carter-Keep Courthouse, 333 W. Broadway, Courtroom 14A, San Diego, CA 92101. At that hearing, the Court will hear any objections concerning the fairness of the Settlement and decide whether to approve Class Counsel's requested attorneys' fees and expenses, and the requested service awards to the Class Representatives. The date of the hearing may change without further notice. Aankondiging • Nov 22
Wells Fargo & Company Announces Management Changes Wells Fargo & Company has named Tim Froehlich as head of Investment Products within its Wealth & Investment Management (WIM) business, effective January 1, 2026. Froehlich will succeed Patty Loepker who, after more than 40 years of service, will retire on March 1, 2026. Froehlich will lead strategy and development of WIM's investment offerings including advisory, packaged products, alternative investments, insurance, and annuities. In the role, he will manage the product platform, ensuring innovation that aligns with client needs, regulatory requirements, and market trends. He will define the roadmap, launch new solutions, and enhance existing programs to deliver a best-in-class experience. Froehlich will report to Darrell Cronk, WIM chief investment officer. Froehlich most recently led Insurance, Annuities, and Market-Linked Investments within WIM and previously co-led the Alternative Investments Group. He joined the company in 2002 after five years with ING Broker/Dealer Network. A CFA charterholder, he earned a Bachelor of Science in Business Administration from the University of Richmond. Froehlich and Loepker will overlap in the role for two months. Aankondiging • Nov 21
Wells Fargo & Company Announces Executive Exchanges Wells Fargo & Company announced that Saul Van Beurden, currently CEO of Consumer and Small Business Banking, will lead Artificial Intelligence for the company. In addition, Kleber Santos, currently CEO of Consumer Lending, will take on expanded responsibilities and serve as co-CEO of Consumer Banking and Lending with Mr. Van Beurden. Mr. Santos and Mr. Van Beurden have been working closely for some time to deliver a seamless experience for consumers; therefore, naming them co-CEOs and combining the businesses formally is a natural out-growth of how they work today. The partnership will also allow Mr. Van Beurden to spend a meaningful portion of his time driving AI across the company. Aankondiging • Oct 29
Wells Fargo & Company Approves Quarterly Common Stock Dividend, Payable on December 1, 2025 Wells Fargo & Company announced its board of directors approved a quarterly common stock dividend of $0.45 per share, payable December 1, 2025, to stockholders of record on November 7, 2025. Aankondiging • Oct 17
Scott+Scott Files Lawsuit Against Jpmorgan Chase, Bank of America, Wells Fargo, Citibank, U.S. Bank, Pnc, and Truist Scott+Scott Attorneys at Law LLP filed a class action lawsuit on behalf of two California and Colorado residents against some of the nation’s leading banks, including JPMorgan Chase, Bank of America, Wells Fargo, Citibank, U.S. Bank, PNC, and Truist. The lawsuit of nationwide significance was filed in the United States District Court for the District of Connecticut and alleges that the largest U.S. banks conspired to fix, raise, and stabilize the rate charged to their most creditworthy customers for short-term loans, commonly referred to as “prime rates.” These prime rates, which control the interest rates on millions of consumer and small-business loans, are collected and regularly published by The Wall Street Journal as the Wall Street Journal Prime Rate (“WSJ Prime Rate”). The WSJ Prime Rate, in turn, governs the interest rates most Americans pay on their credit cards and home equity loans. The litigation alleges that by coordinating their interest rates for prime customers, defendant banks not only charged their prime loan customers supracompetitive rates, but also artificially inflated interest rates for millionsof loans explicitly tied to the WSJ Prime Rate, reaping billions in profits. The antitrust class action lawsuit alleges conspiracy and rate fixing related to a variety of financial products, including HELOC (Home Equity Lines of Credit) and Consumer Credit Cards. The case is: Normandin et al. v. JP Morgan Chase Bank, N. A et al. No. 3:25-cv-01749, (D. CT). Aankondiging • Oct 14
Wells Fargo & Company Announces Board Appointments, Effective October 14, 2025 Wells Fargo & Company announced that Effective October 14, 2025, the Wells Fargo Board of Directors appointed Charlie Scharf as Chairman of the Board. Additionally, Steven Black was named as the Lead Independent Director. Aankondiging • Aug 12
Kessler Topaz Meltzer & Check, LLP Announces Pendency of Class Action Involving Purchasers of Wells Fargo & Company Common Stock Pursuant to Federal Rule of Civil Procedure 23 and by Order of the United States District Court for the Northern District of California, that the above- captioned action ("Action") against Wells Fargo & Company and its executive officers Charles W. Scharf, Kleber R. Santos, and Carly Sanchez (together with Wells Fargo, "Defendants"), has been certified as a class action on behalf of the following Class: All persons and entities who purchased or otherwise acquired Wells Fargo common stock between February 24, 2021 and June 9, 2022, inclusive, and were damaged thereby. The Court has appointed SEB Investment Management AB and West Palm Beach Firefighters' Pension Fund as Class Representatives and Kessler Topaz Meltzer & Check, LLP as Class Counsel. The Action has not been adjudicated or settled. This notice is not an admission by Defendants or an expression of any opinion by the Court as to the merits of the Action, or a finding by the Court that the claims asserted by Class Representatives in the Action are valid. This notice is not a settlement notice and is intended only to inform members of the Class that the Action is currently in progress. Aankondiging • Aug 01
Wells Fargo & Company Announces Board of chairman Changes Wells Fargo & Company announced that the Board of Directors of Wells Fargo intends to appoint Charlie Scharf, Chief Executive Officer, Wells Fargo, as Chairman of the Board. When Mr. Scharf becomes Chairman, the Board intends to appoint a Lead Independent Director to support the Board’s continued independent oversight. Steven Black, current Chairman of the Board. Aankondiging • Jul 29
Wells Fargo & Company Declares Common Stock Dividend, Payable on September 1, 2025 Wells Fargo & Company announced its board of directors approved a quarterly common stock dividend of $0.45 per share, payable September 1, 2025, to stockholders of record on August 8, 2025. The third quarter dividend represents an increase of $0.05 per share, or 12.5%, from the prior quarter. Aankondiging • Jul 11
Wells Fargo & Company Appints Tim Ruby as Head of Healthcare, Higher Education and Not-For-Profit Banking Nationwide Wells Fargo Company has said that Tim Ruby has been appointed as division executive for the Healthcare, Higher Education, and Not-for-Profit division (HHN). his role based in Chicago, Ruby will manage relationships with HHN clients nationwide in the nonprofit hospitals, nonprofit insurers, public and private higher education institutions, and a wide range of nonprofit organisations. He will report to Phil Smith, vice chair of Specialised Industries, a business line within Commercial Banking. Ruby replaces Bill Morgan, who retired after a 40-year career in financial services. HHN is part of Wells Fargo Commercial Banking's Specialised Industries group, led by Mary Katherine DuBose. In addition to HHN, DuBose oversees the bank's specialised teams covering clients in the Beverage, Commercial Auto, Commodity, Financial Sponsors, Food Agribusiness, Franchise, Gaming, Government, Healthcare, Sports, and Technology sectors. Ruby was most recently with Bank of America, where he served as market executive for its Midwest Healthcare, Education, and Non-Profit division. In this role, he led a team of relationship managers across 10 states, supporting health systems, senior living communities, higher education institutions, and nonprofit clients. Prior to joining Bank of America, he spent three decades at J.P. Morgan Chase and its predecessors in leadership roles within Commercial Banking, including over 20 years in the healthcare, higher education, and nonprofit sector. Aankondiging • Jul 02
Wells Fargo & Company Provides Dividend Guidance for the Third Quarter 2025 on Common Stock Dividend Wells Fargo & Company announced that it expects to increase its third quarter 2025 common stock dividend by 12.5% to $0.45 per share from $0.40 per share, subject to approval by the Company’s Board of Directors at its regularly scheduled meeting in July. Aankondiging • May 31
GATX Corporation (NYSE:GATX) and Brookfield Infrastructure Partners L.P. (NYSE:BIP) entered into a definitive agreement to acquire Rail Assets of Wells Fargo & Company (NYSE:WFC) for $4.4 billion. GATX Corporation (NYSE:GATX) and Brookfield Infrastructure Partners L.P. (NYSE:BIP) entered into a definitive agreement to acquire Rail Assets of Wells Fargo & Company (NYSE:WFC) for $4.4 billion on May 29, 2025. The sale includes Wells Fargo's entire portfolio of rail operating lease assets. Wells Fargo Securities, LLC, BofA Securities, MUFG Bank Ltd., and Sumitomo Mitsui Banking Corporation (SMBC) are providing the joint venture with a fully underwritten $3.2 billion 5-year unsecured term loan and a $250 million unsecured revolving credit facility. The transaction is subject to customary closing conditions, including required regulatory approvals and clearances, and it is expected to close in the first quarter of 2026 or sooner. Wells Fargo Securities, LLC served as exclusive financial advisor, and Simpson Thacher & Bartlett, LLP served as legal counsel to Wells Fargo in connection with the transaction. BofA Securities acted as the sole financial advisor to GATX and Brookfield Infrastructure. Mayer Brown is serving as legal counsel to GATX. Otness, Eric C, Perez, Ralph E, Brill, Jeffrey A, Reed, Michael, Romero, Jeff A, Wagener, David M, Schwartz, Kenneth B, Moniri, Aryan, Kumayama, Ken D of Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel to Brookfield Infrastructure. Aankondiging • Mar 21
Wells Fargo & Company, Annual General Meeting, Apr 29, 2025 Wells Fargo & Company, Annual General Meeting, Apr 29, 2025. Aankondiging • Aug 21
Trimont Pty Ltd agreed to acquire Non-Agency Third-Party Servicing Segment of its Commercial Mortgage Servicing Business from Wells Fargo & Company (NYSE:WFC) Trimont Pty Ltd agreed to acquire Non-Agency Third-Party Servicing Segment of its Commercial Mortgage Servicing Business from Wells Fargo & Company (NYSE:WFC). The transaction is expected to close in early 2025, subject to satisfaction of customary closing conditions. J.P. Morgan Securities LLC, The Goldman Sachs Group, Inc. (NYSE:GS) acted as financial advisor to Trimont Pty Ltd. Wells Fargo Securities, LLC acted as financial advisor to Wells Fargo & Company (NYSE:WFC). Kirkland & Ellis LLP, Cadwalader, Wickersham & Taft LLP, TriLegal Partners acted as legal advisor to Trimont Pty Ltd. Wachtell, Lipton, Rosen & Katz LLP acted as legal advisor to Wells Fargo & Company. The transaction funding will be provided by Värde Partners, positions Trimont as the largest loan servicer, managing a combined $640 billion of loans in the United States. Wells Fargo will continue servicing Agency/government-sponsored enterprise (GSE) loans. 
