Wells Fargo | Compliancex

Wells Fargo said preparing low key assault in investment banking

The Compliance Exchange Wall Street in the News, Wells Fargo March 31, 2016

As Wall Street remakes itself on a former rail yard in the far west of Midtown Manhattan, one surprising name is leading the way. Wells Fargo & Co (WFC.N), the San Francisco-based lender known for its retail banking business, has picked out space for ...Read More

0 Comment

Wells Fargo Charged With Fraud in Video Game Start-Up Case

The Compliance Exchange A Homepage Slider, Fraud, Wells Fargo March 10, 2016

Wells Fargo has been accused of fraud over its role in underwriting a $75 million municipal bond deal for a video game company in Rhode Island that eventually went bankrupt, leaving taxpayers on the hook for the debt. On Monday, the Securities and Exchange ...Read More

0 Comment

Wells Fargo Denies Report of Deal Talks With Credit Suisse

The Compliance Exchange Credit Suisse, Wall Street in the News, Wells Fargo February 5, 2016

A Wells Fargo & Co. spokeswoman denied that the lender was in discussions with Credit Suisse Group AG to buy a major portion of the Swiss firm’s investment-banking and capital-markets businesses. “There’s no truth to this rumor,” Elise Wilkinson, a spokeswoman for San Francisco-based ...Read More

0 Comment

Markets may see 1998-style correction: Wells Fargo

The Compliance Exchange Wall Street in the News, Wells Fargo January 13, 2016

Gina Martin Adams of Wells Fargo sees several similarities between 1998 and 2016 that may indicate a coming correction for stocks. Recent market volatility has dredged up memories of previous times of turmoil, most notably the 2008 crisis. But Gina Martin Adams of Wells ...Read More

0 Comment

Wells Fargo to Move Securities Operations to 30 Hudson Yards

The Compliance Exchange Wall Street in the News, Wells Fargo December 15, 2015

Wells Fargo & Co. is buying about 500,000 square feet (46,500 square meters) of office space at 30 Hudson Yards and plans to relocate the New York headquarters of its securities unit to the skyscraper, which is under construction on Manhattan’s far west side. ...Read More

0 Comment

Wells Fargo’s sales tactics are reportedly under investigation by the U.S.

The Compliance Exchange Lawsuit, Wall Street in the News, Wells Fargo December 8, 2015

Aggressive sales tactics at Wells Fargo Bank, already the subject of a lawsuit filed by L.A.’s city attorney, appear to have drawn the attention of federal regulators. The Office of the Comptroller of the Currency and the San Francisco Federal Reserve areprobing the bank’s ...Read More

0 Comment

Wells Fargo Sees ‘Feeding Frenzy’ For Credit Suisse Bankers

The Compliance Exchange Wall Street in the News, Wells Fargo November 20, 2015

Top Credit Suisse Group AG private bankers are being fought over by competitors after Wells Fargo & Co. struck a recruitment deal with the Swiss lender, the U.S. bank’s head of wealth management said. “There’s a little bit of a feeding frenzy for some ...Read More

0 Comment

SEC accuses Wells Fargo analyst of insider trading

The Compliance Exchange A Homepage Slider, Insider Trading, SEC, Wall Street in the News, Wells Fargo November 3, 2015

Nov 2 U.S. securities regulators on Monday accused a former Wells Fargo & Co analyst of engaging in an insider trading scheme that enabled her then-boyfriend to make over $220,000. In a lawsuit filed in federal court in Boston, the U.S. Securities and Exchange ...Read More

0 Comment

Wells Fargo plans to hire investment bankers

The Compliance Exchange Investment, Investment Banking, Investments, Wells Fargo August 24, 2015

Aug 21 Wells Fargo & Co is looking to make selective hires in investment banking while it has pared back in another group in its securities division. The bank would like to add a few investment bankers in equities underwriting, as well as others ...Read More

0 Comment

Case against Ex-Wells Fargo & Co. Compliance officer dismissed

The Compliance Exchange Wells Fargo August 6, 2015

A former Wells Fargo & Co compliance officer accused of altering a document sought by U.S. securities regulators for an insider trading investigation won the dismissal of her case Wednesday after a judge ruled against sanctioning her. Judy Wolf, the compliance officer, was found ...Read More

0 Comment