Wells Fargo Hires New Head of Cards
· 2d · on MSN
Wells Fargo hires JPMorgan executive as head of cards and merchant services
Wells Fargo Hires New Head of Cards From JPMorgan
Wells Fargo has hired JPMorgan Chase's former president of branded cards to lead its cards business. The bank said Tuesday that Ed Olebe has been named head of cards and merchant services, effective immediately. Olebe succeeds Ray Fischer, who notified the company last year of his intention to retire. Olebe joined Wells Fargo in 2019.
· 3d · on MSN
Wells Fargo appoints new head of Cards and Merchant Services
Two of the oldest and most well-known banks in the United States, JPMorgan Chase & Co. (JPM) and Wells Fargo & Company (WFC), offer private banking services to account holders who maintain balances above certain thresholds. Chase has a Private Client ...
Banks are kicking off the fourth-quarter 2024 earnings season with a bang, with JPMorgan Chase (NYSE: JPM), Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), and Citigroup (NYSE: C) all hovering near 52-week highs.
The 8.3% boost in compensation – after JPMorgan reported record profit – puts Dimon’s pay on par with that of Goldman Sachs CEO David Solomon.
ABC 7 Los Angeles on MSN2d
Chase, Wells Fargo among banks offering 90-day grace period on mortgages to LA wildfire victimsAccording to Gov. Gavin Newsom's office, Bank of America, Citi, JPMorgan Chase, U.S. Bank, and Wells Fargo are offering a 90-day forbearance of their mortgage payments, without reporting the payments to credit reporting agencies.
JPMorgan, Wells Fargo, Goldman Sachs and Citi kicked off earnings season on Wednesday with their December-quarter results.
JPMorgan Chase said on Thursday that long-serving CEO Jamie Dimon's 2024 pay package climbed about 8.3% to $39 million after the bank posted a record profit amid a revival in dealmaking and fundraising activities.
The banking giant has been hit with a class action lawsuit, alleging it used retirement plan contributions from departing employees to “offset its employer contributions” rather than reducing plan administrative fees,
Wells Fargo’s stock (NYSE: WFC) posted a better-than-expected set of Q4 2024 results with its stock rising by about 5% in Wednesday’s trading.
Zelle is a major embarrassment to the big bank community. If you don’t know, it’s an app used to send money to a person or institution at no charge. The lawsuit argues that Zelle has cost Americans $870 million in lost money due to theft. But the banks are adamant when they say that number is overblown.
Wells Fargo exceeded Q4 earnings expectations, driven by strong investment banking performance. Read why I upgrade WFC stock from sell to hold.
U.S. banking sector. Read this article to know whether the bank stocks are still worth holding after solid gains.
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