Wells Fargo reported Friday that second-quarter earnings declined 48% from a 12 months before as the lender established aside money for negative financial loans and was stung by declines in its equity holdings.

Here is what the enterprise claimed as opposed with what Wall Street was expecting, centered on a

  Read more

Wells Fargo landed in hot water several years ago when it was revealed that employees had created millions of fraudulent accounts in order to make their sales targets.

Increased consumer acceptance of online banking, where customers can expect better interest rates and mobile apps, has also posed a problem for

  Read more

Rating Action: Moody’s affirms seven classes of WFCM 2018-C47Global Credit Research – 16 Mar 2021Approximately $745 million of structured securities affectedNew York, March 16, 2021 — Moody’s Investors Service, (“Moody’s”) has affirmed the ratings on seven classes in Wells Fargo Commercial Mortgage Trust 2018-C47 (“WFCM 2018-C47”), Commercial Mortgage Pass-Through Certificates,

  Read more