Wells Fargo shuttering hundreds of branches as customers embrace mobile banking

(Courtesy of Jacksonville Business Journal) Wells Fargo plans to close 450 of its almost 6,000 branches nationwide as it cuts costs and adjusts to more customers banking outside a branch. The bank, led by CEO Tim Sloan, said it cut 93 branches in the first half of this year, with more than half of those … Continue reading Wells Fargo shuttering hundreds of branches as customers embrace mobile banking

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Wells Fargo to launch pilot with Facebook Messenger

(Courtesy of Jacksonville Business Journal) Wells Fargo & Co. is launching a pilot to test an artificial intelligence-driven experience through Facebook Messenger. The San Francisco-based bank — the third-largest bank in Central Florida — has hinted at incorporating financial services into third-party environments for a while now. Steve Ellis, head of Wells Fargo’s Innovation Group, … Continue reading Wells Fargo to launch pilot with Facebook Messenger

Wells Fargo quietly discloses that its annual meeting will be in Jacksonville

(Courtesy of Jacksonville Business Journal) Wells Fargo has revealed the site of its annual shareholders meeting: It will be at the Sawgrass Marriott in Ponte Vedra Beach, Fla., near Jacksonville, at 10 a.m. on April 25. This would not be breaking news for most major corporations, where the announcement of details for the annual meeting … Continue reading Wells Fargo quietly discloses that its annual meeting will be in Jacksonville

Wells Fargo to close approximately 400 branches by 2018

(courtesy of Jacksonville Business Journal) Wells Fargo officials announced last week that it plans to close more than 400 branches by the end of next year, in an effort to cut costs. The bank was involved in a massive scandal last year wherein employees opened fake accounts totaling almost $2 million. The scandal resulted in … Continue reading Wells Fargo to close approximately 400 branches by 2018