This is the
talk page for discussing improvements to the
Wells Fargo article. This is not a forum for general discussion of the article's subject. |
Article policies
|
Find sources: Google ( books · news · scholar · free images · WP refs) · FENS · JSTOR · TWL |
Archives: Index, 1, 2Auto-archiving period: 1095.5 days |
This article is written in American English, which has its own spelling conventions (color, defense, traveled) and some terms that are used in it may be different or absent from other varieties of English. According to the relevant style guide, this should not be changed without broad consensus. |
Wells Fargo was a
good article, but it was removed from the list as it no longer met the
good article criteria at the time. There are suggestions below for improving the article. If you can improve it,
please do; it may then be
renominated. Review: September 27, 2006. |
This page is not a forum for general discussion about Wells Fargo. Any such comments may be removed or refactored. Please limit discussion to improvement of this article. You may wish to ask factual questions about Wells Fargo at the Reference desk. |
This article is rated B-class on Wikipedia's
content assessment scale. It is of interest to multiple WikiProjects. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
In the Info Box it is stated, that the company has 70 million members. This is not correct, I guess. I think, "customers" should be correct, not "members". I think the article should be amended in this regard. — Preceding
The info box says it was founded in 1929 when the history in the article clearly says it was founded in 1852. How can the date of 1929 be justified as it's start date as it already existed prior to that? BenW ( talk)
unsigned comment added by 2A02:810D:9C0:5784:5C38:7A6A:4D7F:4405 ( talk) 12:45, 22 April 2021 (UTC)
I'm not sure I've ever added anything to a talk page before, so please excuse any procedural error.
I came to the page to learn about the subject subsidiary, which came to my attention because Wells Fargo Home Mortgage "sold" my mortgage to Wells Fargo National Bank West ...which has the same URL as the main bank, and I wanted to understand what the difference was. There is no mention of the subsidiary on the page. Thus, I'd like to encourage anyone with expertise in WF to add a section on this, and perhaps any other subsidiaries to WF that aren't mentioned, and hopefully "why" they would want to shuffle things around like this. I did my refi with WFHM with the assurance that "Wells Fargo does not sell its mortgages," so the disclaimer in their letter to me that "It's a very common practice for mortgage lenders to sell mortgages...." pissed me right off!
The Bloomberg profile is very sketchy: https://www.bloomberg.com/profile/company/412504Z:US
Thanks much.
RCassingham ( talk) 20:10, 24 September 2021 (UTC)
I suggest clarifying this statement, as it current communicates ambiguity, inaccuracy, and misinterpretation:
Wells Fargo has provided more than $10 billion in financing for environmentally beneficial business opportunities, including supporting commercial-scale solar photovoltaic projects and utility-scale wind projects nationwide.[87]
[87] footnote links to "Wells Fargo surpasses $10 billion in tax-equity financing of renewable energy projects". Wells Fargo. February 25, 2021.
Wells Fargo & Company does not clarify their tax-equity financing mechanism. Per [1] "The term tax equity investment describes transactions that pair the tax credits or other tax benefits generated by a qualifying physical investment with the capital financing associated with that investment...... A tax equity investor's return depends on the price paid per credit and associated benefits the investor secures in exchange. In the simplest case, the only benefit the investor receives from the credits is the ability to reduce their tax liability. For example, consider a project that will cost $1.5 million to complete and that will generate $1 million in federal tax credits that its owner is seeking to sell to finance the upfront cost of the project. An outside investor has agreed to contribute 90 cents in equity financing in exchange for each $1.00 of tax credit. Thus, the investor pays (contributes in capital) $900,000 in exchange for $1 million in tax credits. The net return to the investor is $100,000 (in reduced taxes), or 11.1% ($100,000 divided by $900,000)"
In this scenario, and without company details on the structures of the agreements, Wells Fargo & Company could be gaining more than $10 billion in tax credits, which would save the company revenue versus the misconstrued statement that the company has provided financing without any benefit. The original statement is accurate, but connotes a non-reciprocal action taken by a benefactor. Laraku05 ( talk) 15:09, 12 February 2022 (UTC)
Large content deletions performed today need a serious look. Perhaps some of the information needs reorganizing. (Noted here due to not having time to do so myself today.) Lindenfall ( talk) 18:39, 25 June 2022 (UTC)
I removed the "Air India urination incident" as being non-notable for an encyclopedia article about an organization of this size and really has nothing with Wells Fargo itself. I also think it does not belong per WP:NOTNEWS. I would like to hear from other editors on this. Bahooka ( talk) 03:00, 8 January 2023 (UTC)
I couldn't find this in the Article, so I'm adding it to the Talk page.
In 2022, the Consumer Financial Protection Bureau ordered Wells Fargo to pay $160 million in remediation to over one million people for the "substantial injury" it caused through its aggressive freezing and closing of bank accounts from 2011 to 2016.
Source: https://files.consumerfinance.gov/f/documents/cfpb_wells-fargo-na-2022_consent-order_2022-12.pdf
I could add this information to the article myself, but I only have a few edits. Furthermore, Wells Fargo's meticulous attention to detail in monitoring and promptly removing any potentially embarrassing content far outweighs the level of care they offer their customers.
Update: I edited the page myself.
According to various news outlets, some deposits were reported missing by Wells Fargo customers due to a glitch according to company representatives: https://www.cnn.com/2023/08/05/business/wells-fargo-says-bank-deposit-glitch-is-resolved/index.html 172.79.200.224 ( talk) 04:28, 6 August 2023 (UTC)
The Article section "Settlement and fines regarding mortgage servicing practices" contains the following sentence:
The link from MERS is to /info/en/?search=MERS (Middle East respiratory syndrome). Maybe the link should be to /info/en/?search=Mortgage_Electronic_Registration_Systems. I will not change the link; someone else could, if appropriate.
(The reference to https://files.consumerfinance.gov/f/documents/cfpb_wells-fargo-na-2022_consent-order_2022-12.pdf is from the Talk section "$160 million fine for aggressive freezing and closing of bank accounts." Could someone please make that reference stay with its section? Maybe < ref > is the wrong tag.) Mecanoge ( talk) 21:37, 9 August 2023 (UTC)
Article states "It has 8,050 branches and 13,000 automated teller machines", sourced from 2022 Wells Fargo & Co. Annual Report. The 2 quantities are not in the report. The report says "nearly 4,600 retail bank branches" but no ATM qty. 2600:1702:3790:1520:2574:E811:D774:4308 ( talk) 01:59, 8 January 2024 (UTC)
nom·i·nal /ˈnämən(ə)l/ adjective
(of a role or status) existing in name only.
Though the article text claims that Norwest was the nominal survivor, the actual description of the relationship makes it clear that Wells Fargo is the nominal survivor, Barefoot through the chollas ( talk) 22:29, 15 February 2024 (UTC)
ther is a komma where no , should be! 87.139.184.193 ( talk) 11:21, 6 March 2024 (UTC)
This is the
talk page for discussing improvements to the
Wells Fargo article. This is not a forum for general discussion of the article's subject. |
Article policies
|
Find sources: Google ( books · news · scholar · free images · WP refs) · FENS · JSTOR · TWL |
Archives: Index, 1, 2Auto-archiving period: 1095.5 days |
This article is written in American English, which has its own spelling conventions (color, defense, traveled) and some terms that are used in it may be different or absent from other varieties of English. According to the relevant style guide, this should not be changed without broad consensus. |
Wells Fargo was a
good article, but it was removed from the list as it no longer met the
good article criteria at the time. There are suggestions below for improving the article. If you can improve it,
please do; it may then be
renominated. Review: September 27, 2006. |
This page is not a forum for general discussion about Wells Fargo. Any such comments may be removed or refactored. Please limit discussion to improvement of this article. You may wish to ask factual questions about Wells Fargo at the Reference desk. |
This article is rated B-class on Wikipedia's
content assessment scale. It is of interest to multiple WikiProjects. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
In the Info Box it is stated, that the company has 70 million members. This is not correct, I guess. I think, "customers" should be correct, not "members". I think the article should be amended in this regard. — Preceding
The info box says it was founded in 1929 when the history in the article clearly says it was founded in 1852. How can the date of 1929 be justified as it's start date as it already existed prior to that? BenW ( talk)
unsigned comment added by 2A02:810D:9C0:5784:5C38:7A6A:4D7F:4405 ( talk) 12:45, 22 April 2021 (UTC)
I'm not sure I've ever added anything to a talk page before, so please excuse any procedural error.
I came to the page to learn about the subject subsidiary, which came to my attention because Wells Fargo Home Mortgage "sold" my mortgage to Wells Fargo National Bank West ...which has the same URL as the main bank, and I wanted to understand what the difference was. There is no mention of the subsidiary on the page. Thus, I'd like to encourage anyone with expertise in WF to add a section on this, and perhaps any other subsidiaries to WF that aren't mentioned, and hopefully "why" they would want to shuffle things around like this. I did my refi with WFHM with the assurance that "Wells Fargo does not sell its mortgages," so the disclaimer in their letter to me that "It's a very common practice for mortgage lenders to sell mortgages...." pissed me right off!
The Bloomberg profile is very sketchy: https://www.bloomberg.com/profile/company/412504Z:US
Thanks much.
RCassingham ( talk) 20:10, 24 September 2021 (UTC)
I suggest clarifying this statement, as it current communicates ambiguity, inaccuracy, and misinterpretation:
Wells Fargo has provided more than $10 billion in financing for environmentally beneficial business opportunities, including supporting commercial-scale solar photovoltaic projects and utility-scale wind projects nationwide.[87]
[87] footnote links to "Wells Fargo surpasses $10 billion in tax-equity financing of renewable energy projects". Wells Fargo. February 25, 2021.
Wells Fargo & Company does not clarify their tax-equity financing mechanism. Per [1] "The term tax equity investment describes transactions that pair the tax credits or other tax benefits generated by a qualifying physical investment with the capital financing associated with that investment...... A tax equity investor's return depends on the price paid per credit and associated benefits the investor secures in exchange. In the simplest case, the only benefit the investor receives from the credits is the ability to reduce their tax liability. For example, consider a project that will cost $1.5 million to complete and that will generate $1 million in federal tax credits that its owner is seeking to sell to finance the upfront cost of the project. An outside investor has agreed to contribute 90 cents in equity financing in exchange for each $1.00 of tax credit. Thus, the investor pays (contributes in capital) $900,000 in exchange for $1 million in tax credits. The net return to the investor is $100,000 (in reduced taxes), or 11.1% ($100,000 divided by $900,000)"
In this scenario, and without company details on the structures of the agreements, Wells Fargo & Company could be gaining more than $10 billion in tax credits, which would save the company revenue versus the misconstrued statement that the company has provided financing without any benefit. The original statement is accurate, but connotes a non-reciprocal action taken by a benefactor. Laraku05 ( talk) 15:09, 12 February 2022 (UTC)
Large content deletions performed today need a serious look. Perhaps some of the information needs reorganizing. (Noted here due to not having time to do so myself today.) Lindenfall ( talk) 18:39, 25 June 2022 (UTC)
I removed the "Air India urination incident" as being non-notable for an encyclopedia article about an organization of this size and really has nothing with Wells Fargo itself. I also think it does not belong per WP:NOTNEWS. I would like to hear from other editors on this. Bahooka ( talk) 03:00, 8 January 2023 (UTC)
I couldn't find this in the Article, so I'm adding it to the Talk page.
In 2022, the Consumer Financial Protection Bureau ordered Wells Fargo to pay $160 million in remediation to over one million people for the "substantial injury" it caused through its aggressive freezing and closing of bank accounts from 2011 to 2016.
Source: https://files.consumerfinance.gov/f/documents/cfpb_wells-fargo-na-2022_consent-order_2022-12.pdf
I could add this information to the article myself, but I only have a few edits. Furthermore, Wells Fargo's meticulous attention to detail in monitoring and promptly removing any potentially embarrassing content far outweighs the level of care they offer their customers.
Update: I edited the page myself.
According to various news outlets, some deposits were reported missing by Wells Fargo customers due to a glitch according to company representatives: https://www.cnn.com/2023/08/05/business/wells-fargo-says-bank-deposit-glitch-is-resolved/index.html 172.79.200.224 ( talk) 04:28, 6 August 2023 (UTC)
The Article section "Settlement and fines regarding mortgage servicing practices" contains the following sentence:
The link from MERS is to /info/en/?search=MERS (Middle East respiratory syndrome). Maybe the link should be to /info/en/?search=Mortgage_Electronic_Registration_Systems. I will not change the link; someone else could, if appropriate.
(The reference to https://files.consumerfinance.gov/f/documents/cfpb_wells-fargo-na-2022_consent-order_2022-12.pdf is from the Talk section "$160 million fine for aggressive freezing and closing of bank accounts." Could someone please make that reference stay with its section? Maybe < ref > is the wrong tag.) Mecanoge ( talk) 21:37, 9 August 2023 (UTC)
Article states "It has 8,050 branches and 13,000 automated teller machines", sourced from 2022 Wells Fargo & Co. Annual Report. The 2 quantities are not in the report. The report says "nearly 4,600 retail bank branches" but no ATM qty. 2600:1702:3790:1520:2574:E811:D774:4308 ( talk) 01:59, 8 January 2024 (UTC)
nom·i·nal /ˈnämən(ə)l/ adjective
(of a role or status) existing in name only.
Though the article text claims that Norwest was the nominal survivor, the actual description of the relationship makes it clear that Wells Fargo is the nominal survivor, Barefoot through the chollas ( talk) 22:29, 15 February 2024 (UTC)
ther is a komma where no , should be! 87.139.184.193 ( talk) 11:21, 6 March 2024 (UTC)