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In 2019, Principal purchased Wells Fargo's institutional retirement and trust business (including 401k, pension, executive deferred compensation, employee stock ownership plans and asset advice business) for $1.2 billion. The deal was financed with cash and senior debt financing. [8]
In October 2014, a Wells Fargo employee earning $15 per hour emailed the CEO—copying 200,000 other employees—asking that all employees be given a $10,000 per year raise taken from a portion of annual corporate profits to address wage stagnation and income inequality. After being contacted by the media, Wells Fargo responded that all ...
Wells Fargo is laying off 24 employees from its West Des Moines campus, according to the state’s Worker Adjustment and Retraining Notification or WARN, website.. The latest round of layoffs goes ...
The most recent listing of Des Moines region’s largest employers by the Greater Des Moines Partnership lists Hy-Vee on top with 11,782 employees while Wells Fargo second, with “more than ...
Wells Fargo said that it expects to keep growing in Arizona, where the bank has more than 13,000 employees. The company added that it believes in-person collaboration is key to success.
Wells Fargo began laying off workers in the wake of a fake accounts scandal in 2016, when regulators accused employees of opening accounts without customers' consent or knowledge to meet corporate ...
Empower was created in 1891, when parent company Great-West Lifeco was founded as an insurance provider on the Canadian prairie. [1] After serving more than a century of expansion and a profound evolution of service offerings, the modern iteration of Empower was launched in 2014, when the retirement businesses of Great-West Life combined the record-keeping services of Great-West Financial ...
Wells Fargo is also continuing to pull itself from a 2016 scandal in which employees had opened millions of fraudulent accounts, often to meet sales goals. As a result, federal regulators mandated ...
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