Why would the bank choose to get rid of a product that brought in hundreds of millions of dollars in revenue annually? In this Fool Live video clip, recorded on July 12, Fool.com contributor Matt Frankel, CFP, and Industry Focus host Jason Moser discuss why Wells Fargo might have made this controversial decision. Jason Moser: Matt, last week, there was an interesting headline out there regarding Wells Fargo that we talked a little bit about it among some of us on the team here, and you and I were taking this around.
SAN FRANCISCO, July 22, 2021--Wells Fargo & Company (NYSE: WFC) announced today that Derek Ellington will join the company on October 18 as the head of Small Business Banking. He will report to Consumer & Small Business Banking CEO Mary Mack.
Rick Newman joins Myles Udland, Brian Sozzi, and Julie Hyman to discuss JPMorgan exec Mary Erdoes’ comments about working 70+ hours to obtain mastery in a position at Wall Street and how these comments could affect college students seeking a career in finance.