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Wells Fargo & Company

Coverage of Wells Fargo & Company in the Nexus archive.

Earliest in view: Apr 29 · 15:22 UTCMost recent: Jun 27 · 21:57 UTC
Co-mentioned in this coverage
Bank of Americaorganization1Truist Financialorganization1Federal Reserveorganization1recession scenariotopic1Charlie S. Scharfperson1Private Credittopic1Systemic Risktopic1
Recent coverage
  • BUSINESSJun 27 · 21:57 UTCWSOC ABC CHARLOTTE
    Charlotte’s big banks clear Fed’s recession scenario

    Bank of America Corp., Truist Financial Corp., and Wells Fargo & Co. passed the Federal Reserve’s annual stress test, indicating they can withstand a severe recession with minimal capital decline. The 32 large U.S. banks absorbed $708 billion in hypothetical loan losses, but aggregate capital dropped only 1.6 percentage points, remaining above minimum requirements.

  • BUSINESSApr 29 · 15:22 UTCBLOOMBERG
    Wells Fargo CEO Says Private Credit Isn't a Systemic Risk

    Wells Fargo CEO Charlie S. Scharf stated that private credit markets do not pose a systemic risk to the financial system. The comment addresses ongoing concerns about the growth of non-bank lending and its potential impact on stability.