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Case study: Wells Fargo and ID fraud

Some good news on the identity fraud front: Javelin Research, in its latest survey on the issue, has found that the growth of identity fraud slowed to 12 percent in 2009, compared with a whopping 22... Read more...

Wells Fargo's new person-to-person service

Wells Fargo has added a customer-to-customer money transfer service to its suite of mobile services. Customer can now use their handsets to send up to $1,000 a day to another customer's account. Such... Read more...

Most environmentally progressive banks?

So who made Newsweek's list of environmentally aware companies. State Street, Wells Fargo, Citigroup and JPMorgan all ranked in the top 50. Mellon came in 60th, and Capital One can in 71st. U.S.... Read more...

P2P transfers finally to become a reality?

For the banking industry, person-to-person payments have been a slow starter, but some believe that it is finally taking off. It just makes sense in this day and age for banks to enable customers to... Read more...

The state of the Wells-Wachovia integration

There are a bunch of high-profile tech integrations underway: Smith Barney Morgan Stanley, JPMorgan Chase Washington, Bank of America Merrill Lynch, and of course, Wells Fargo Wachovia. In the case... Read more...

How to deal with IT staff in a merger

There's a lot of critical post-merger integration work underway right now: Wells Fargo-Wachovia, JPMorgan-Washington Mutual, Bank of America-Merrill Lynch and Bank of America-Countrywide. The success... Read more...

Banks and Twitter: Compliance issues

Bank of America and Wells Fargo are among the big banks just now starting to experiment with Twitter and other social networking media. All in all, lots of other banks are moving similarly. A CNBC... Read more...

Banks deploy RFID in data center

We've certainly spent a lot of time discussing financial services data centers. Increasingly, they are a strategic imperative--the new everything. So it makes sense to stay as organized as possible,... Read more...

Top banks now dominate online banking

An oligopoly in online banking? At the end of 2007, the top three online banks accounted for nearly 60 percent of all of the customers of the top 10 banks, according to comScore. That seemed like a... Read more...

Will SOA save bank mergers?

There have been some historic mergers struck in the last year or so. Just look at JPMorgan Chase-Bear Stearns, Bank of America-Countrywide, Bank of America-Merrill Lynch and Wells Fargo-Wachovia--not... Read more...

Press Releases

Wells Fargo Reports Record Q3 and Year-to-Date Net Income

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE:WFC): 3rd consecutive quarter of record earnings Record Wells Fargo net income of $3.2 billion, up 98 percent from last year; $9.5 Read more >>