Recent events
Recent events tied to this brand in public sources.
Back to profile31 entries · Page 1 of 2
2026
Worker sues Wells Fargo over alleged military-service discrimination
A Pennsylvania National Guard member filed a federal lawsuit against Wells Fargo alleging discrimination and retaliation tied to his military duties, including that the bank terminated him. The allegations have not been tested, and no court has made findings or rulings on the merits.
2026
Wells Fargo reports mixed third-quarter 2026 results
Wells Fargo reported mixed third-quarter 2026 results, with EPS of $1.87 beating the $1.85 consensus estimate while revenue of $21.87 billion missed the $22.3 billion estimate. The bank said it is maintaining its guidance for net interest income and non-interest expenses this year, and reported net interest income of $12.52 billion, slightly below the $12.66 billion analysts expected.
2026
Wells Fargo scheduled to report Q3 2026 earnings on October 13
Wells Fargo is scheduled to release its third-quarter 2026 results ahead of the US market open on Tuesday, October 13, 2026, followed by a conference call at 10 a.m. ET. The bank is forecast to post earnings growth of more than 10%, according to LSEG.
2026
Tesla secures $30 billion in new credit lines from Citibank and Wells Fargo
Tesla announced on Tuesday (Sept. 29, 2026) that it has secured $30 billion in fresh credit lines: Citibank agreed to a $20 billion three-year delayed-draw term loan facility, and Wells Fargo signed an $8 billion five-year revolving credit facility plus a $2 billion 364-day revolving credit facility. Tesla said it does not plan to draw on the new debt facilities this year, as it has already planned at least $25 billion in capital expenditures, and the lines could help scale the Cybercab robotaxi, Optimus robot, and Tesla Semi.
2026
Socure raises $156M in strategic growth funding
Socure raised $156 million in strategic growth funding led by Summit Partners, with participation from Goldman Sachs Alternatives, Wells Fargo, Capital One, Docusign and others. The investment includes primary capital and an employee tender offer and will support the Fravity acquisition and global expansion across more than 190 countries.
2022
NGLCC announces iLead business skills program
The National LGBT Chamber of Commerce announced the NGLCC iLead: Grow, Scale & Contract Program for LGBT entrepreneurs. The program will use workshops to build firms' technical skills and capacity, and the announcement also described a $500,000 investment in expanded programming through a new grant from Wells Fargo's Open for Business Fund.
2021
FINRA fines Wells Fargo firms for record-keeping violations
FINRA censured Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network and fined them $2.25 million for violating books-and-records retention requirements.
2021
Wells Fargo sues to foreclose on the Standard High Line Hotel
Wells Fargo filed a complaint seeking foreclosure and sale of the Standard High Line Hotel, claiming its owner had failed to make payments on a loan. The hotel owner's chairman said he would vigorously defend against the lawsuit.
2021
OCC orders Wells Fargo to pay $250 million penalty
Regulators ordered Wells Fargo to pay a $250 million penalty in connection with problems in its home lending unit and violations of a 2018 consent order. The OCC also imposed new restrictions on the bank’s mortgage business practices.
2021
First Industrial closes revolving credit facility and term loan refinancing
First Industrial Realty Trust announced that it closed a $750 million senior unsecured revolving credit facility and refinanced its $200 million unsecured term loan.
2021
Phipps Houses closes $217 million financing for Atlantic Chestnut 1
Phipps Houses closed a $217 million financing package to fund construction of Atlantic Chestnut 1, an affordable housing development in East New York.
2021
Wells Fargo, CoreLogic and Volly sponsor HousingDC21
Housing Finance Strategies announced that Wells Fargo, CoreLogic and Volly had joined as sponsors of the virtual HousingDC21 summit, scheduled for September 20–21, 2021.
2021
TD announces agreement to acquire Wells Fargo’s Canadian equipment finance business
Toronto-Dominion Bank announced that it had signed a definitive agreement to acquire Wells Fargo’s Canadian Direct Equipment Finance business. The acquisition was expected to close in the first half of 2021, subject to regulatory and other approvals and closing conditions.
2020
Wells Fargo faces backlash over CEO's remarks on Black talent
Wells Fargo faced employee and public criticism after CEO Charlie Scharf's remark that there was a “very limited pool of black talent to recruit from” was reported. Scharf apologized in a company-wide memo, calling it an insensitive comment reflecting his own unconscious bias.
2020
Wells Fargo CEO apologizes over diversity remarks
Wells Fargo CEO Charles Scharf apologized for an insensitive comment about a shortage of qualified minority candidates after his remarks drew criticism.
2020
Borrowers sue Wells Fargo over forbearance policy
Borrowers filed a proposed class-action lawsuit alleging that Wells Fargo placed mortgages into forbearance without borrowers' explicit permission, allegedly damaging their credit reports. Wells Fargo said it had notified affected customers how to remove themselves from forbearance and apologized to customers who received it without expressly requesting it.
2020
Wells Fargo appoints Mike Santomassimo as CFO
Wells Fargo said Mike Santomassimo would replace John Shrewsberry as chief financial officer when Shrewsberry retires in the fall. Santomassimo's start was planned for the fall.
2020
Wells Fargo prepares for planned job cuts
Wells Fargo was preparing to cut thousands of jobs starting later in 2020. The article reports that executives were drafting plans, with no specific workforce-reduction target yet adopted.
2020
Wells Fargo unveils $400 million Open for Business Fund
Wells Fargo unveiled details of an approximately $400 million effort, the Open for Business Fund, to support small businesses affected by the COVID-19 pandemic through nonprofit organizations providing capital, technical support, and resiliency programs.
2020
Wells Fargo sues Gunwerks over unpaid loans
Wells Fargo Bank and Wells Fargo Equipment Finance sued Gunwerks, LLC, seeking $2.8 million for unpaid loans and asking for the company’s equipment, according to the article. The claims are allegations in the complaint.