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WELLS FARGO


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Most US stocks slump, but Nvidia nudges Nasdaq to another record

Read full article: Most US stocks slump, but Nvidia nudges Nasdaq to another record

Most U.S. stocks fell after an update on inflation hurt Wall Streetโ€™s hopes for lower interest rates.

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Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake-accounts scandal

Read full article: Fed lifts restrictions placed on Wells Fargo in 2018 because of its fake-accounts scandal

The Federal Reserve said Tuesday that Wells Fargo is no longer subject to the restraints the Fed placed on the bank in 2018 for having a toxic sales and banking culture.

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Check crimes are on the rise

Read full article: Check crimes are on the rise

As technology continues to advance, check crimes are on the rise, posing a significant threat to consumers.

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Man charged in road rage killing of young father in SW Houston handed $1 million bond

Read full article: Man charged in road rage killing of young father in SW Houston handed $1 million bond

A man who was charged for a road rage shooting that claimed the life of a young father in southwest Houston has been handed a hefty bond.

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JPMorgan posts record annual profits as major US banks thrive in the final quarter of 2024

Read full article: JPMorgan posts record annual profits as major US banks thrive in the final quarter of 2024

JPMorganโ€™s net income soared 50% to more than $14 billion in the fourth quarter as the bankโ€™s profit and revenue easily beat Wall Street forecasts, and other major banks reported banner earnings for the year.

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Stock market today: Wall Street rips higher after inflation data and strong bank profits

Read full article: Stock market today: Wall Street rips higher after inflation data and strong bank profits

U.S. stocks ripped higher after an encouraging update on U.S. inflation.

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JPMorgan, Wells Fargo, BofA facing federal lawsuit over Zelle payment network fraud

Read full article: JPMorgan, Wells Fargo, BofA facing federal lawsuit over Zelle payment network fraud

A federal regulator has sued JPMorgan Chase, Wells Fargo and Bank of America.

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Could repeat convict tied to 2 possible road rage shootings be released on bond again?

Read full article: Could repeat convict tied to 2 possible road rage shootings be released on bond again?

A man accused of fatally shooting a Houston-area father in his car while his young daughter was in the back seat is waiting to hear if he will be given a bond for his release after his first court appearance on Monday.

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Man arrested in SW Houston killing of young father was out on bond for previous road rage shooting, records show

Read full article: Man arrested in SW Houston killing of young father was out on bond for previous road rage shooting, records show

Just over two weeks after a Houston-area father was shot to death in his car while his young daughter was in the back seat, a suspect has now been charged with the murder.

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Houston-area father shot to death with baby daughter in car

Read full article: Houston-area father shot to death with baby daughter in car

A 23-year-old father, who was driving to take family photos with his 5-month-old daughter, was shot to death while the baby was inside the vehicle in the Alief area of southwest Houston, according to family at the scene.

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Stock market today: Wall Street rises to close its latest record-setting week as banks jump

Read full article: Stock market today: Wall Street rises to close its latest record-setting week as banks jump

U.S. stocks rose to records as JPMorgan Chase, Wells Fargo and other big financial companies rallied on better-than-expected profit reports.

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Big bank quarterly results show signs of consumers slowing down spending

Read full article: Big bank quarterly results show signs of consumers slowing down spending

Signs of consumers slowing down spending and falling behind on their bills weighed down shares of the big banks on Friday.

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One phone call drains $17K from Pearland womanโ€™s bank account

Read full article: One phone call drains $17K from Pearland womanโ€™s bank account

We've all (or know someone) who has been impacted by financial scams and Pearland Police say it's hard to catch these scammers and banks have just as difficult a time recovering the stolen money.

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At least 4 killed after severe storm sweeps through Houston area

Read full article: At least 4 killed after severe storm sweeps through Houston area

The severe storms that slammed into Houston Thursday afternoon and evening killed four people, blew windows out of downtown high rises, caused widespread damage and shut power off to nearly 900,000 customers.

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Taylor Pendrith gets 1st PGA Tour win at Byron Nelson after final-hole collapse from Ben Kohles

Read full article: Taylor Pendrith gets 1st PGA Tour win at Byron Nelson after final-hole collapse from Ben Kohles

Taylor Pendrith took advantage of Ben Kohlesโ€™ final-hole meltdown to win the CJ Cup Byron Nelson on Sunday for his first PGA Tour title.

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Big banks warn of uncertain year ahead after mixed financial performances in the first quarter

Read full article: Big banks warn of uncertain year ahead after mixed financial performances in the first quarter

Big banks warned of an uncertain year ahead after mixed financial results during the first quarter in an environment of stubbornly high inflation and geopolitical clashes in Europe, the Middle East and elsewhere.

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Stock market today: Wall Street falls sharply to close out its worst week since October

Read full article: Stock market today: Wall Street falls sharply to close out its worst week since October

U.S. stocks fell sharply following a mixed start to earnings reporting season.

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โ€˜Little rascalsโ€™ accused of robbing a Houston bank are in custody

Read full article: โ€˜Little rascalsโ€™ accused of robbing a Houston bank are in custody

The FBI says they have the 11, 12 and 16-year-olds in custody.

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US eases restrictions on Wells Fargo after years of strict oversight following scandal

Read full article: US eases restrictions on Wells Fargo after years of strict oversight following scandal

The Biden administration is easing its restrictions on banking giant Wells Fargo, saying the bank has sufficiently fixed its toxic culture after years of scandals.

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Wells Fargo workers at New Mexico branch vote to unionize, a first in modern era for a major bank

Read full article: Wells Fargo workers at New Mexico branch vote to unionize, a first in modern era for a major bank

Employees at a Wells Fargo bank in New Mexico have voted to unionize, the first time that workers at a major U.S. bank have attempted to organize in the modern era.

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Stock market today: Wall Street struggles as war worries collide with hope for stronger profits

Read full article: Stock market today: Wall Street struggles as war worries collide with hope for stronger profits

U.S. stocks mostly fell after getting pulled in opposite directions by competing waves of optimism and fear.

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Event at Houston Community College campus teaches prospective first time homeowners about buying process

Read full article: Event at Houston Community College campus teaches prospective first time homeowners about buying process

The homebuying process can be a scary one, but with knowledge and education, many will soon achieve their goal of becoming a first time homeowner.

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Wells Fargo 2Q profit jumps 57% on higher interest rates

Read full article: Wells Fargo 2Q profit jumps 57% on higher interest rates

Wells Fargo says profits jumped 57% in the second quarter thanks to higher interest rates and loan balances.

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Wells Fargo agrees to pay $1 billion to settle shareholders' class-action lawsuit

Read full article: Wells Fargo agrees to pay $1 billion to settle shareholders' class-action lawsuit

Wells Fargo has agreed to a pay $1 billion to settle a lawsuit filed by its shareholders.

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Profits at big US banks show few signs of industry distress

Read full article: Profits at big US banks show few signs of industry distress

The nationโ€™s largest banks appear to be weathering the current turmoil in their industry just fine.

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Wells Fargo 4Q profit falls by half but tops expectations

Read full article: Wells Fargo 4Q profit falls by half but tops expectations

Wells Fargoโ€™s profit for the fourth quarter came in ahead of Wall Streetโ€™s targets but were about half of what it earned last year as the bank had to pay another $3.3 billion in fines and penalties to settle numerous scandals from recent years.

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Wells Fargo to pay $3.7B over consumer law violations

Read full article: Wells Fargo to pay $3.7B over consumer law violations

Consumer banking giant Wells Fargo agreed to pay $3.7 billion to settle charges that it harmed consumers by charging illegal fees and interest on auto loans and mortgages, as well as incorrectly applied overdraft fees against savings and checking accounts.

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BofA profits fall as bank sets aside money for downturn

Read full article: BofA profits fall as bank sets aside money for downturn

Bank of Americaโ€™s profits fell by 8% in the third quarter as the bank set aside cash to cover potential loan losses.

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Wells Fargo 3Q revenue boosted by higher interest rates

Read full article: Wells Fargo 3Q revenue boosted by higher interest rates

Wells Fargo easily beat Wall Streetโ€™s third-quarter revenue forecasts as higher interest rates helped offset a steep decline in home lending.

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KPRC 2 Investigates: Zelle fraud victims rarely get their money back

Read full article: KPRC 2 Investigates: Zelle fraud victims rarely get their money back

Chase, Bank of America, Wells Fargo... no matter which bank you use, you probably trust your bank to protect your money. But consumer advocates are calling out the nation's largest banks for giving thieves easy access to your cash through an app and platform they created. They say new numbers from some of those banks show just how much criminals are making from Zelle.

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Suspicious package found at downtown Houston building was no threat to public, police say

Read full article: Suspicious package found at downtown Houston building was no threat to public, police say

Several streets in downtown Houston were temporarily shut down Wednesday as police investigated a suspicious package found at a building.

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Houston area minority developer working to bring affordable housing to Houston through new Wells Fargo program

Read full article: Houston area minority developer working to bring affordable housing to Houston through new Wells Fargo program

At a glance, the new up-and-coming housing development on Caroline st in Midtown looks like many other construction projects throughout the city, but thereโ€™s a unique story behind it.

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Mayor Turner, Wells Fargo announce launch of $20M grant for small, diverse businesses, non-profit organizations in Houston area

Read full article: Mayor Turner, Wells Fargo announce launch of $20M grant for small, diverse businesses, non-profit organizations in Houston area

Houston Fund for Social Justice and Economic Equity Honorary Board Chair Mayor Sylvester Turner, along with Wells Fargo and Black Houston business and civic leaders, announced the launch of the Open for Business Grant portal to distribute $20 million to Houston-area diverse, small businesses and non-profit organizations.

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Wells Fargo profit falls buy loan growth buoys investors

Read full article: Wells Fargo profit falls buy loan growth buoys investors

Wells Fargo, the nationโ€™s largest mortgage lender, saw its second-quarter revenue and profit decline as rising interest rates pushed people out of the housing market.

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Big bank profits decline as deal-making, mortgages slow

Read full article: Big bank profits decline as deal-making, mortgages slow

Four big banks reported noticeable declines in their first quarter profits on Thursday, as the volatile markets and war in Ukraine caused dealmaking to dry up and a slowdown in the housing market caused the mortgage market to slow.

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Wells Fargo's $5.8 billion profit easily tops expectations

Read full article: Wells Fargo's $5.8 billion profit easily tops expectations

Wells Fargo easily beat Wall Street expectations for the fourth quarter with interest rates beginning to take off, likely another boost for the nationโ€™s largest mortgage lender going forward.

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KPRC 2 Investigates: Phone number swap scam warning

Read full article: KPRC 2 Investigates: Phone number swap scam warning

A new scam is targeting something just about all of us have in our pocket or purse - our cell phone. Itโ€™s called SIM swap fraud and our KPRC 2 Investigates team explains how criminals can steal your phone, your personal information and your money, without ever touching your device. We have the warning plus, what you need to do to protect the information on your phone.

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Wells Fargo, Mayor Turner announce $5 million grant to boost low-and moderate-income homeownership in Houston

Read full article: Wells Fargo, Mayor Turner announce $5 million grant to boost low-and moderate-income homeownership in Houston

Houston Mayor Sylvester Turner and representatives of Wells Fargo announced an effort to boost low-and moderate-income homeownership in the city limits of Houston.

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Pipeline foes gear up for large northern Minnesota protests

Read full article: Pipeline foes gear up for large northern Minnesota protests

Environmental and tribal groups opposed to Enbridge Energyโ€™s ongoing effort to replace its aging Line 3 crude oil pipeline are planning large protests in northern Minnesota as the Canadian-based company gears up for a final construction push.

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4 people freed from ongoing Minnesota bank robbery standoff

Read full article: 4 people freed from ongoing Minnesota bank robbery standoff

A standoff between Minnesota police and an alleged hostage-taker continued into the evening Thursday despite the release of four bank employees.

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Wells Fargo posts $2 billion profit in 3Q, reversing 2Q loss

Read full article: Wells Fargo posts $2 billion profit in 3Q, reversing 2Q loss

Wells reported revenue of $18.86 billion in the quarter, also down from last year's third quarter when it took in $22 billion. Wells set aside $769 million in the third quarter for loan loss provisions, which is the money set aside to cover potentially bad loans. Wells Fargo lost $2.4 billion in the second quarter, the first quarterly loss for the bank since the real estate crash of 2008. Wells Fargo said its net interest income was $9.4 billion, down $2.3 billion from last year's period. On top of the difficulties presented by the virus pandemic, Wells has been in seemingly constant trouble with regulators for years.

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Asian stocks follow Wall St lower as stimulus hopes fade

Read full article: Asian stocks follow Wall St lower as stimulus hopes fade

Stocks are pulling slightly higher in the early going on Wall Street, Wednesday, Oct. 14, as investors pore over another batch of earnings reports from big U.S. companies. (AP Photo/John Minchillo, File)Asian stocks followed Wall Street lower on Thursday as hopes U.S. leaders will agree on a new economic stimulus before the Nov. 3 presidential election faded. The Shanghai Composite Index lost 0.1% to 3,337.51 and the Nikkei 225 in Tokyo fell 0.5% to 23,517.63. On Wall Street, companies that rely on consumer spending, banks and technology and communication stocks bore the brunt of the selling. Wells Fargo dropped 6% after its earnings were lower than Wall Street expected.

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Wells Fargo CEO apologizes for comments about diversity

Read full article: Wells Fargo CEO apologizes for comments about diversity

FILE - In this March 10, 2020 file photo, Wells Fargo CEO and President Charles Scharf is seated before he testifies during a hearing of the House Financial Services Committee, on Capitol Hill, in Washington. (AP Photo/Alex Brandon, File)NEW YORK โ€“ Wells Fargo CEO Charles Scharf apologized Wednesday for comments he made suggesting it is difficult to find qualified Black executives in the financial industry. Scharf said in a memo to employees โ€œthere is a very limited pool of Black talent to recruit fromโ€ in corporate America. โ€œPerhaps it is the CEO of Wells Fargo who lacks the talent to recruit Black workers,โ€ said Rep. Alexandra Ocasio-Cortez of New York, on Twitter. The last prominent African American to serve as CEO at a large financial services company was Kenneth Chenault, the former CEO of American Express.

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Houston-area families can get free food at these distribution events every Saturday through mid-Sept.

Read full article: Houston-area families can get free food at these distribution events every Saturday through mid-Sept.

LA PORTE, Texas โ€“ Wells Fargo is partnering with the Houston Food Bank to distribute meals to those who need them. The distribution will start Saturday at the Wells Fargo La Porte Branch on 1001 Highway 146 South. People can drive up to the branch between 1:30 p.m. and 3 p.m. to get food. โ€œWells Fargo has a long-standing commitment to help our local communitiesโ€”especially during challenging times. We are glad to bring nourishment for many families and hope this modest gesture lifts spirits and reminds people that they are not alone.โ€

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