The Latest Breaking News from Wells Fargo

A Wells Fargo analyst ordered the same Chipotle burrito bowl 75 times and found the portion problem is real

The smallest bowl weighed barely more than a can of soda—the largest weighed almost double that.

Fortune · Jun 28, 2024

How the DEI backlash is hurting Black businesses

Corporate investments in Black-owned businesses have waned amid legal challenges to DEI programs.

Fortune · Jun 26, 2024

Mouse Shakers, Power Naps: Corporate America Fights 'Keyboard Fraud'

A US banking giant fired more than a dozen employees for "simulating keyboard activity," highlighting a battle within productivity-obsessed corporate America to tame a culture of faking work with gizmos such as mouse jigglers.

International Business Times · Jun 19, 2024

Wells Fargo has fired a bunch of employees after finding out they were pretending to work

Around a dozen staffers were reportedly faking keyboard strokes to maintain an illusion of work, and have been let go by Wells Fargo as a result.

Fortune · Jun 14, 2024

US bank Wells Fargo fires employees for ‘simulating’ being at their keyboards

Workers were sacked after review found they were ‘creating impression of active work’, says filing

The Guardian - UK · Jun 14, 2024

Wells Fargo fires more than a dozen employees for faking work using mouse jigglers and keyboard simulation

The bank disclosed it fired the employees after finding they were giving the impression of working when they really weren't.

Tom’s Hardware · Jun 13, 2024

How Is Wells Fargo’s Stock Performance Compared to Other Mega-Caps?

Given Wells Fargo’s recent underperformance relative to the Vanguard Mega Cap ETF, analysts are still moderately bullish on its prospects due to its diversified earnings and the potential lifting of the government-imposed asset cap.

Barchart · Jun 11, 2024

Coffee, sculptures and financial advice. Banks try to make new branches less intimidating

After years of closing or mostly neglecting physical bank branches across the U.S., the nation’s largest banks are spending hundreds of millions of dollars on refurbishing old locations or building new ones, and in the process changing the look, feel and purpose of the local bank branch

The Independent UK · Jun 10, 2024

Men and women are now equally comfortable talking about age and partners—but a new survey shows money remains a gendered taboo

Our society tells women and girls to be cautious with their money while telling men and boys to be smart about it.

Fortune · Jun 10, 2024

One of Wall Street’s top strategists sees stocks dropping 10% due to a ‘moderate form of stagflation’

Stifel's Barry Bannister fears sticky inflation and higher rates will hurt stocks, while Wells Fargo's Scott Wren ponders if investors should "sell in May and go away."

Fortune · Jun 5, 2024