Wells Fargo

A regional financial services holding company based in San Francisco, Calif.

December 9, 2014

Wells Fargo CEO sees U.S. economy growing faster than estimated

Head of the most valuable U.S. bank said economic expansion in 2015 will exceed estimates.
October 15, 2014

Schafer: Wells Fargo missed mark after worker requested $10,000 raises for all

Wells Fargo is in the business of helping people manage their money to live better lives. What a blown opportunity when an employee made national news by asking for a raise.
August 19, 2014

$62.5 million settlement approved in Wells Fargo securities lending case

$62.5M addresses those who lost money in securities lending.
July 2, 2014

Historic medallions to grace Wells Fargo building in Downtown East

Six historic medallions that once adorned the front of the Star Tribune’s headquarters will be installed on dual Wells Fargo office towers that anchor a $400 million mixed-use development in downtown Minneapolis.
May 31, 2014

Wells Fargo will pay $62.5 million to settle suit over securities lending

Retirement funds claimed Wells Fargo made riskier bets in an investment program that was billed as a conservative play.
May 24, 2014

Wells Fargo settling robo-signing lawsuit

Bank will pay at least $83 million, including $24.5 million to build a better loan servicing platform.
April 12, 2014

Wells Fargo profit rises 14 percent

The bank’s executives anticipate broad loan growth, beyond the home mortgages that have powered the company’s earnings in recent years.
March 29, 2014

Schafer: It's scary how well marketers know you

A letter from Wells Fargo Bank pitching a debt consolidation loan to my wife was so off base it could only have been generated by…
March 19, 2014

CEO Pay Watch: John Stumpf, Wells Fargo & Co.

CEO Pay Watch Wells Fargo & Co.John Stumpf, CEO, Wells FargoTotal compensation: $66,007,369 for the year ended Dec. 31Salary: $2,800,000Non-equity incentive pay: $4,000,000Other compensation:…
March 6, 2014

Wells Fargo pays $217M for two new Downtown East buildings

The bank plans to move 5,000 employees into two 17-story office towers to be built near the new Vikings stadium.
February 27, 2014

Wells Fargo cuts 700 jobs, including 203 in Twin Cities

Wells Fargo cuts 700 employees, including 203 in the Twin Cities, as demand for mortgages declines.
February 23, 2014

Schafer: Wells Fargo returns to subprime lending: Good or bad?

The small change in underwriting standards it has made is the kind of change that makes the market for residential housing finance a little healthier and modestly expands access to credit.
January 29, 2014

Banks have replaced 15.3M cards since Target breach

Wells Fargo & Co. is the latest bank to shift gears and start proactively replacing cards exposed during Target’s breach.
January 18, 2014

Wells Fargo, U.S. Bank drop payday loans

U.S. Bank says it’s looking for a better alternative to the high-interest loans.
January 15, 2014

Wells Fargo: Finding new normal

Cutting costs, dipping into funds set aside for future bad loans and broad-based loan growth helped push Wells Fargo to a strong finish for 2013, despite the mortgage refinance slowdown.
January 13, 2014

Oct. 30, 2013: Minnesota AG sues Florida debt buyer

The company faked affidavits of bank overdrafts and fees to collect money from individuals and businesses, the attorney general said.
December 31, 2013

Wells Fargo settles mortgage dispute with Fannie Mae for $591 million

Repurchase agreement ends dispute with Fannie Mae over lending practices by banks.
December 20, 2013

Wells Fargo to spend $300M to build offices near Vikings stadium

The San Francisco-based financial giant said that 5,000 employees will occupy 1.1 million square feet in two 17-story office towers slated for largely vacant land near the Metrodome.
December 5, 2013

Nov. 22: Ryan development races City Hall change

The City Council has not yet reviewed the details of the public financing package, primary office tenant Wells Fargo & Co. is demanding controversial signage and historic preservationists tried to save the Star Tribune building, which is in the middle of the project.
Minnesota Topics
November 26, 2013

Mortgage slowdown bites Wells Fargo

The bank’s revenue is down, but credit quality has improved and a $900 million release from the bank’s loan loss reserves helped propel profits 13 percent.
November 26, 2013

No deal yet on Wells Fargo move to Downtown East project

Planning Commission to discuss matter on Thursday
November 26, 2013
Wells Fargo Home Mortgage in Minneapolis. Wednesday, October 16, 201...

Wells Fargo continues cutting local jobs

Sharp drop in mortgage refinancing business is blamed.
November 26, 2013
image embargoed until 1p.- 05/14/13 ---Ryan Companies proposal for a $...

Ryan backs off plan to try to close Park and Portland for new development

Hennepin County, which owns the key arteries, expressed strong opposition to the proposal over traffic and medical center access.
November 26, 2013

Schafer: Wells Fargo sees value of stadium's proximity

This project appears to be very far down the road, but let’s be clear: No Wells Fargo means no mixed-use development, no office towers and no parks in front of the new stadium.
November 26, 2013

In a recovering Twin Cities housing market, cash is still king

Deep-pocketed investors who pay cash for Twin Cities homes are creating stiff competition for buyers who must use traditional mortgages.