Wells Fargo & Co

Wells Fargo expects more job cuts, will roll out AI gradually in 2026

The bank has a little over 210,000 employees as of Sep 30, 2025

Deregulation can “drive a material uplift through 2026” in lending, mergers and acquisitions and technology investment and will buoy earnings and market share, according to a Friday (Nov 21) note from Jefferies analysts including Aniket Shah and Daniel Fannon.

Banks get US$2.6 trillion from deregulation, Jefferies says

[NEW YORK] Looser regulation for US banks is expected to unlock some US$2.6 trillion in lending capacity for large financial institutions, according to Jefferies analysts, cementing the richer valuati...

Wells Fargo CEO Charlie Scharf expressed confidence in private credit markets, which have been the subject of investor concerns.

Wells Fargo CEO says credit is strong, sees no cracks in banking system

[NEW YORK] Credit among consumers and businesses remains strong, despite recent concerns about loan losses that have weighed on bank stocks, Wells Fargo CEO Charlie Scharf said on Tuesday.

Mao Chenyue leads Wells Fargo’s international factoring business and advises multinational clients on cross-border working-capital strategies, according to FCI.

China lifts exit ban on Wells Fargo banker amid US trade talks

The Asian nation’s use of exit bans has been a point of contention between Beijing and Washington

The bank has offices in Beijing and Shanghai to manage relationships with local clients in its corporate and investment banking business.

China says Wells Fargo banker ‘involved’ in criminal case

Global banks have over the past few years scaled back their presence in the world’s second-largest economy as economic growth has slowed and political tension, most notably with the US over trade, inc...

Beijing has increasingly used exit bans on both Chinese and foreign nationals, often in connection with civil disputes, regulatory investigations or criminal probes.

Wells Fargo suspends China travel after employee exit ban: source

Some companies have cancelled or delayed trips to the world’s second-largest economy in recent years, while others have introduced safeguards such as advising staff to enter the country in groups rath...

JPMorgan Chase chief executive officer Jamie Dimon sees more threats than ever.

JPMorgan is now worth more than three largest rivals combined

The Trump administration’s embrace of the cryptocurrency industry has breathed air back into some upstarts

JPMorgan Chase, Citigroup and Wells Fargo are set to kick off second-quarter earnings on Jul 15.

US bank profits to climb on stronger trading, investment banking

[NEW YORK] Major US banks are expected to report stronger profits next week, driven by buoyant trading and a modest rebound in investment banking.

JPMorgan Chase, the nation’s largest bank, raised its dividend to US$1.50 a share from US$1.40 and also announced a new US$50 billion share repurchase programme.

Biggest US banks hike dividends, announce share buybacks after acing stress tests

[NEW YORK] US banking giants announced plans on Tuesday to raise their third-quarter dividends after clearing the Federal Reserve’s annual health check last week.

The investment bank’s shares rose 2.6 per cent before the bell on Wednesday (Jan 15) as it earned US$11.95 per share in the fourth quarter, compared with US$8.22 expected by analysts.

Goldman Sachs beats profit estimates; Wells Fargo benefits from dealmaking rebound 

The investment bank’s shares rose 2.6% before the bell on Wednesday, while Wells Fargo’s profit was powered by a rebound in dealmaking activity