Wells News

News

Wells Fargo to close all personal lines of credit: report

Customers have been given a 60-day notice that their accounts will be shutteredThe move comes more than a year after the bank suspended home equity loans

1 min read8 Jul 2021
News

Berkshire Hathaway slashes stake in troubled lender Wells Fargo

Berkshire sold more than 100 million shares, trimming its stake in Wells Fargo common stock to about 3.3%, according to a regulatory filing Friday.

1 min read5 Sep 2020
News

US banks set aside billions of dollars, bracing for more economic pain

JPMorgan Chase, Wells Fargo and Citi group set aside nearly $30 billion in the second quarter to cover potentially bad loans that were fine only a few months ago

3 min read14 Jul 2020
News

India needs to adopt market-friendly approach in post-Covid world: US diplomat

Companies want to diversify their supply chains post-COVID 19, this really represents 'a golden opportunity for India'

3 min read21 May 2020
News

Border disputes in Ladakh, South China Sea are reminder of threat by Beijing: US

Provocations and disturbing behaviour by China pose questions about how it seeks to use its growing power, says Alice Wells, outgoing US Assistant Secretary for South and Central Asia

1 min read20 May 2020
News

US will work alongside India to combat coronavirus outbreak, says Alice Wells

'We stand united with India and echo Narendra Modi's call to keep up our fighting spirits'On Monday, Senior US diplomat had praised Prime Minister Narendra Modi for initiating 'Janata curfew'

1 min read26 Mar 2020
Companies

Coronavirus: Wells Fargo to pay special compensation to front-line workers

Front-line employees like branch workers, call center staff and technology specialists who are required to come into the office as others work from home due to coronavirus concerns

1 min read24 Mar 2020
News

US official asks India to release political detainees

We also continue to urge the government to permit regular access by our diplomats, and to move swiftly to release those political leaders detained without charge, Alice Wells said

1 min read25 Jan 2020
News

India needs to demonstrate willingness to become part of global supply chain: US

The trade talks between India and the US are going on wellAlice G Wells said India needs to demonstrate to the international community its willingness to become a part of the global supply chain

3 min read12 Dec 2019
News

US welcomes Indian govt's action to improve situation in Kashmir

While conditions in Jammu and Ladakh have improved, the Valley has not returned to normal, said Alice Wells, acting US Assistant Secretary of State'The US was concerned about reports of local and foreign militants attempting to intimidate local residents and business owners,' said Wells

1 min read22 Oct 2019
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