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5 days ago | 
news.bloombergtax.com | Yizhu Wang
Inside Wells Fargo & Co.’s newest branch in New York City, steps from Central Park, Charlie Scharf was talking up plans to expand his bank’s network across the Big Apple. “I’m a little biased because I’m a New Yorker, but New York has really great opportunities for us,” the chief executive officer said at the branch — its fourth opened in the city in as many months.
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5 days ago | 
news.bloomberglaw.com | Yizhu Wang
Inside Wells Fargo & Co.’s newest branch in New York City, steps from Central Park, Charlie Scharf was talking up plans to expand his bank’s network across the Big Apple. “I’m a little biased because I’m a New Yorker, but New York has really great opportunities for us,” the chief executive officer said at the branch — its fourth opened in the city in as many months.
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5 days ago | 
bloomberg.com | Yizhu Wang
Wells Fargo’s new branch on the upper west side of New York. (Bloomberg) -- Inside Wells Fargo & Co.’s newest branch in New York City, steps from Central Park, Charlie Scharf was talking up plans to expand his bank’s network across the Big Apple. “I’m a little biased because I’m a New Yorker, but New York has really great opportunities for us,” the chief executive officer said at the branch — its fourth opened in the city in as many months.
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1 week ago | 
bloomberg.com | Yizhu Wang
A Pacific Premier Bank in Beverly Hills, California. (Bloomberg) -- This year’s biggest regional bank merger comes with some big writedowns, underscoring how the impact of high interest rates stubbornly lingers after the industry’s 2023 convulsions. Columbia Banking System Inc.’s $2 billion stock deal for California lender Pacific Premier Bancorp features plans for $867 million of writedowns to Premier’s loans and securities.
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1 week ago | 
news.bloomberglaw.com | Yizhu Wang
This year’s biggest regional bank merger comes with some big writedowns, underscoring how the impact of high interest rates stubbornly lingers after the industry’s 2023 convulsions. Columbia Banking System Inc.’s $2 billion stock deal for California lender Pacific Premier Bancorp features plans for $867 million of writedowns to Premier’s loans and securities.
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2 weeks ago | 
news.bloombergtax.com | Yizhu Wang |Daniel Taub
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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2 weeks ago | 
news.bloomberglaw.com | Yizhu Wang |Daniel Taub
Wells Fargo & Co. said the Consumer Financial Protection Bureau terminated a consent order dating back to 2018 related to the bank’s compliance risk-management program, the sixth such order ended this year. The move is the latest in the San Francisco-based company’s efforts to shake off regulatory restrictions after scandals that emerged starting in 2016. Wells Fargo said in a statement Monday that the action was the 12th consent order resolved with regulators since 2019.
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2 weeks ago | 
bloomberg.com | Yizhu Wang |Daniel Taub
The seal of the US Consumer Financial Protection Bureau (CFPB) at the agency's headquarters in Washington, DC, US, on Monday, Feb. 10, 2025. In another weekend takeover of a federal agency's operations, staffers from an efficiency initiative led by billionaire Elon Musk helped to effectively shut down the Consumer Financial Protection Bureau, as they gained access to an array of the bureau's protected information.
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2 weeks ago | 
news.bloombergtax.com | Yizhu Wang |Katanga Johnson
XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
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2 weeks ago | 
news.bloomberglaw.com | Yizhu Wang |Katanga Johnson
A key US banking regulator unveiled settlements with two former Wells Fargo & Co. auditors who were alleged to have ties to the bank’s systemic sales-practice misconduct, according to a statement Friday. The orders resolve actions the Office of the Comptroller of the Currency initiated against David Julian, former chief auditor, and Paul McLinko, former executive audit director. The regulator assessed a $100,000 civil money penalty against Julian and a $50,000 civil money penalty against McLinko.
