Tagged in Wells Fargo

Principal to Acquire Wells Fargo Retirement Business

Principal Financial Group announced a definitive agreement with Wells Fargo & Company to acquire its Institutional Retirement & Trust business. At closing, Principal will assume ownership of Wells Fargo’s defined…

Think Hub International, Think Crop Business, Think Fried Chicken

Hub International announced that it has signed a purchase agreement to acquire Wells Fargo Crop for an undisclosed amount .   “Hub Mountain is aggressively investing in its crop and…

More From Wells Fargo Playbook of Dirty Deeds

Wells Fargo is now accused of forcing its customers to pay for unnecessary auto insurance that drove some of them so far into a financial spiral that their vehicles were…

Wells Fargo Exits Commercial Insurance

Wells Fargo agreed to sell its commercial insurance business to private insurer USI Insurance Services , as it plans to focus on core banking products and services. Financial terms were not…

Wells Fargo May Sell Its Insurance Brokerage Business

According to Bloomberg, Wells Fargo is considering selling its insurance brokerage business for what could be a deal worth some $2 billion . The retail bank is looking to cut costs and exit businesses…

9 insurance CEOs who were fired or decided to step down

Polish insurance company PZU Group announced that its supervisory board had dismissed its chief executive, Michal Krupinski. Just like that. Feeling Deja Vu? Recall 9 insurance CEOs who were fired or decided to…

Wells Fargo tries harder

“Building Better Every Day” – the slogan of Wells Fargo’s latest multi-channel ad campaign, which will launch in mid-April, because it needs to regain trust after its failed cross-selling-slash-sales-tactics, where it opened…

Prudential and Wells Fargo: on a break

Prudential announced it had suspended the distribution of its low-cost life insurance policy called MyTerm through Wells Fargo since some are concerned it has sold life insurance to folks without their permission. Sounds…

Wells Fargo CEO John Stumpf steps down

After 10 years at the helm, Wells Fargo CEO John Stumpf steps down willingly; walking away with a $134.1 million package. (Craig David comes to mind). Recall: the bank came under fire for its cross-selling-slash-sales-tactics,…

Zurich’s new strategy includes crops

Zurich’s new strategy includes crops. The Swiss insurer looks to acquire MN-based agricultural insurer, Rural Community Insurance Services, from Wells Fargo for ~$1.05 billion. Recall: OneBeacon also exited crop insurance this past summer. Bottom Line: one’s…