Deposits at some of the nation's largest banks including Bank of America, Wells Fargo and Chase were delayed on Friday due to a system-wide processing issue.
The lender now expects 2023 net interest income – the difference between what the bank earns on loans and pays out on deposits – to be about 16% higher than a year earlier.
Wells Fargo said that customers are experiencing issues with some transactions Thursday, according to a company spokesperson, amid reports of people being unable to access certain account features.
Regulators issued fines against several financial firms, including Wells Fargo and BNP Paribas, for failing to maintain records of employee communications on unapproved platforms.
Wells Fargo said Friday that it has been working to resolve a technical issue that caused some customers' deposit transactions to disappear from their accounts.
Credit card debt is rising and while American consumers' spending shows confidence in their finances, high credit card interest rates loom as a threat if the economy slow.
Shares of the major U.S. banks are in the green after JPMorgan Chase announced that it would pay $10.6 billion to the FDIC to buy most of First Republic Bank's assets.
In wake of recent issues with First Republic and Silicon Valley Bank, community bank leaders tell FOX Business that sharing the financial burden with larger institutions is unfair.
Wells Fargo says that a "technical issue" is responsible for some customers not receiving direct deposit payments causing them to overdraft or see a zero balance.
It's important to keep an eye out for financial red flags in your partner before making important life decisions such as buying a home, according to Wells Fargo experts.
Wells Fargo has agreed to pay $300 million to settle a lawsuit brought by shareholders who claim the company pushed unneeded insurance policies on customers and hid it from investors.
One goal of the new service is to compete with third-party wallet operators such as PayPal Holdings Inc. and Apple Inc.’s Apple Pay, according to people familiar with the matter.
Investors are selling shares of Goldman Sachs after the bank reported a drop in quarterly profits.
JPMorgan Chase, Citibank, Wells Fargo, and Bank of America earnings reports on Friday beat expectations
Wells Fargo suffered a 50% profit loss during the fourth quarter last year after a $3 billion penalty was assessed by a government agency for a six-year loan mismanagement scandal.
Rising prices and higher borrowing costs have led consumers and businesses to curb spending, and since banks serve as economic middlemen, their profits decline when activity slows.
Wells Fargo Advice & Planning managing director Emily Irwin’s do’s and don’ts if you win the billion-dollar Mega Millions drawing Tuesday night.
Wells Fargo fired Vice President Shankar Mishra, who subsequently went on the run from authorities for almost a month and now faces multiple charges.
Wells Fargo bank analysts are predicting the return of Walt Disney CEO Bob Iger will lead to a spinoff of ESPN and ABC.
The Consumer Financial Protection Bureau (CFPB) has ordered Wells Fargo to pay $3.7 billion in compensation for illegally assessing fees and unlawful interest rate charges to its customers