On Tuesday, Shares of Wells Fargo & Company (NYSE:WFC), lost -2.40% to $50.02.
Wells Fargo & Company declared its ‘Steps to Better Banking’ initiative, which makes the experience of opening an account easier for the millions of consumers who choose a banking relationship with Wells Fargo. Wells Fargo serves over 22 million Retail Bank households, through May of this year, household growth was the strongest in four years, and primary consumer checking customers rose 5.6 percent year-over-year.
“More than a year ago, we set out to look at every experience a checking or savings account customer might have as they open an account with Wells Fargo, and our aim was to make the experience simple and easy,” said Erin Constantine, head of Consumer Checking and Savings for Wells Fargo. “We listened and learned a lot, and ‘Steps to Better Banking’ is the result, which sets the tone for how we assist customers succeed financially.”
Other enhancements have comprised:
- Updated Consumer Account Agreement and Fee and Information Plan in plain-language style that seeks to turn regulatory and legal language into terms and explanations that are more readily understood by customers.
- Paperless ‘New Account Disclosure Kits,’ which are emailed during the account opening, greatly reducing the reliance on paper and offering a more convenient option to customers.
- “A guide to your common checking account fees” in English and Spanish, which provides a brief, straight-forward overview of potential fees.
Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, in addition to time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards.
Shares of Schlumberger Limited (NYSE:SLB), declined -1.83% to $72.52, during its last trading session, hitting its lowest level.
Schlumberger Limited and Cameron (CAM) jointly declared a definitive merger agreement in which the companies will combine in a stock and cash transaction. The agreement was unanimously approved by the boards of directors of both companies.
Under the terms of the agreement, Cameron shareholders will receive 0.716 shares of Schlumberger common stock and a cash payment of $14.44 in exchange for each Cameron share.
Schlumberger Limited supplies technology, integrated project administration, and information solutions to the oil and gas exploration and production industries worldwide. The company operates through Reservoir Characterization Group, Drilling Group, and Production Group segments.
Finally, Target Corp. (NYSE:TGT), ended its last trade with -1.78% loss, and closed at $73.94.
The Securities and Exchange Commission’s enforcement division does not plan to bring charges against Target over its 2013 data breach. The retailer revealed the SEC’s intentions in a 10-Q filing. Target is still facing private litigation in addition to investigations from states attorneys general and the Federal Trade Commission, according to Market Watch.
Target Corporation operates as a general merchandise retailer in the United States and Canada. It offers household essentials, counting pharmacy, beauty, personal care, baby care, cleaning, and paper products; music, movies, books, computer software, sporting goods, and toys; electronics, such as video game hardware and software; and apparel for women, men, boys, girls, toddlers, infants, and newborns, in addition to intimate apparel, jewelry, accessories, and shoes.
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