Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 100+ results for "Wells Fargo"

Wells Fargo AM rebrands, names chief

KARREN VERGARA  |  TUESDAY, 27 JUL 2021
A newly rebranded Wells Fargo Asset Management appointed a new chief executive who will lead it as an independent firm. Wells Fargo will transition to Allspring Global Investments under the leadership of Joseph A. Sullivan. Sullivan is the former chair ...

Frontier partners with due diligence platform

KARREN VERGARA  |  THURSDAY, 22 JUL 2021
... DiligenceVault's other partners include Goldman Sachs Asset Management, the Universities Superannuation Scheme and Wells Fargo.

Equities revenue boost for US banks

ELIZABETH MCARTHUR  |  THURSDAY, 15 APR 2021
... is recovering, and the bank is in a great position to take advantage of the economic upcycle," he said. Similarly, Wells Fargo reported corporate and investment banking up 7% to US $3.6 billion. The bank reported earnings of US $1.07 per share on revenues ...

Computershare to buy Wells Fargo corporate trust business

KANIKA SOOD  |  WEDNESDAY, 24 MAR 2021
ASX-listed Computershare will spend about $986 million to acquire the assets of Wells Fargo Corporate Trust Services, which has over 26,000 mandates. The US$750 million purchase is expected to be at least 15% management EPS accretive on a pro forma ...

Wells Fargo sells asset management business

ELIZA BAVIN  |  WEDNESDAY, 24 FEB 2021
Wells Fargo has entered into a definitive agreement to sell Wells Fargo Asset Management (WFAM) to GTCR and Reverence Capital Partners for US$2.1 billion, while also offloading four of its closed-end funds. The sale includes Wells Fargo Bank N.A.'s ...

Australian banks among most fined

ELIZABETH MCARTHUR  |  TUESDAY, 12 JAN 2021
... fine from US regulators for its role in underwriting 1MDB bonds. The second largest US fine was $3 billion, handed to Wells Fargo after it was revealed the bank had set up millions of fake accounts. Australian banks came in second place, with just three ...

FS team picks: The top stories for 2020

ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 17 DEC 2020
... recommendations, but provided the first comprehensive look at what is and isn't working in Australia's retirement system. Wells Fargo sets sights on Aussie super Wells Fargo Asset Management is gearing up to make its mark on the Australian superannuation ...

Wells Fargo sets sights on Aussie super

ELIZA BAVIN  |  WEDNESDAY, 25 NOV 2020
Wells Fargo Asset Management is gearing up to make its mark on the Australian superannuation system, confirming to Financial Standard that it has been in discussions with major super funds. Wells Fargo head of international distribution Deirdre Flood ...

Westpac consolidates international operations

JAMIE WILLIAMSON  |  WEDNESDAY, 14 OCT 2020
... year. The $1.3 billion it paid over its record-breaking deal with AUSTRAC places it just behind Goldman Sachs and Wells Fargo. Goldman Sachs paid $5.5 billion for its involvement in the 1MDB corruption scandal, while Wells Fargo was fined more than $4 ...

Westpac puts Australia on bad banking leaderboard

ELIZA BAVIN  |  WEDNESDAY, 14 OCT 2020
... return of $1.4 billion in assets from the theft of billions of dollars from a Malaysian government fund. The US's Wells Fargo was in second place, having paid US$2.96 billion this year. Wells Fargo was hit with the fine by federal authorities in ...
PREVIOUS
NEXT