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Wells Fargo Investment Institute – Wells Fargo
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Investor deep dive. Internal bank review indicates that many companies were not charged mutually agreed fee.
U.S. investigating forex trading at Wells Fargo: WSJ
Bankers fired for overcharging clients in quest for bonuses. Profit and revenue were both dented by legal issues. Diversified financial services provider Wells Fargo provides banking, insurance, investments, mortgage banking, investment banking, retail banking, brokerage, and consumer finance through banking stores, the Internet and other distribution channels to consumers, businesses and institutions in 50 states, the District of Columbia, and in other countries.
View company profile. Sign up for Newsletter. Create your account: sign up and get ahead on news and events. Deep dive. Most read Finance Argo Blockchain enters partnership to launch first clean energy Bitcoin Finance Goldman Sachs and other big banks tumble over hedge fund default 2 days, 5 hours ago. Health Elixinol Global's products pass key administrative check by Food Standards More stories.
Finance Marble Financial inks referral deal with Loans Canada to bring Mining American Resources begins shipping product to customers from its Editor's picks. Mining Evergold is all cashed up and set to go big game hunting in Tech CleanSpark buys 4, more Bitcoin mining rigs, works toward The matter first surfaced last week when the Journal reported the bank had fired four bankers in its foreign-exchange unit amid an investigation by the company and regulators.
The investigation is the latest black eye for Wells Fargo , which is still trying to recover from a retail banking sales scandal that spurred regulatory penalties, congressional hearings and a CEO change. The latest probe takes place in a different part of the company: the corporate and investment bank that has a significant Charlotte presence.
Market Job Description
Wells Fargo remains committed to our foreign exchange business, meeting our clients' financial needs in an ethical way, and ensuring ongoing review of this and all business operations. Wells Fargo's foreign-exchange business provides an array of services to multinational corporations, from international wire transfers to hedging contracts that allow companies to manage risk related to foreign currencies.
A page for Schaufler could not be found. The bankers have not responded to requests for comment.
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Wells Fargo also said last week that the former head of its foreign exchange business, Sara Wardell-Smith , has taken a new position as Americas regional leader in Wells Fargo 's financial institutions group, based in San Francisco. That group provides services to other banks. The foreign exchange business is now operating under the leadership of Charlotte-based executive Ben Bonner. Wells Fargo Securities provides corporate clients with Wall Street -style services such as merger advice, stock and bond offerings, and securities trading.