WFC News & Events

Wells Fargo announced it has been named a preferred home mortgage lender for ICON, the global leader in advanced construction technologies. "The collaboration expands access to financing for buyers of ICON homes and supports broader adoption of innovative construction methods designed to address housing supply and affordability challenges," the company said

U.S. banking regulators are increasing scrutiny on how lenders deploy AI as technology expands through the industry, Nupur Anand of Reuters reports, citing people familiar with the situation. Regulators are stepping in as AI begins exposing the sector to cybersecurity and fraud risk. For the moment, their approach is to closely watch, with the aim of understanding how banks deploy the technology. Publicly traded companies in the banking space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.BANK PROBE:The Justice Department has sent far-ranging subpoenas to several of America's largest banks including JPMorgan Chase, Bank of Americaand Wells Fargo, requesting information about whether they "debanked" clients, or improperly closed customer accounts for political reasons, The Wall Street Journal's Dylan Tokar and Gina Heeb, citing people familiar with the matter. The subpoenas from the U.S. Attorney's Office in Washington, D.C., headed by Jeanine Pirro, escalate a campaign by President Trump to root out evidence that banks allegedly discriminated against conservatives and politically controversial industries, including his own family, the authors note.PRODUCTION MEETING:The leaders of roughly seven defense companies have been preparing to meet with President Donald Trump at the White House later this week for a discussion about ways to swiftly increase their production of weaponry for the Pentagon, people familiar with the matter told' Gordon Lubold, Courtney Kube and Carol Lee. Publicly traded defense contractors include BAE Systems, Boeing, GE Aerospace, General Dynamics, HII, L3Harris Technologies, Lockheed Martin, Northrop Grummanand RTX.U.S.-IRAN CONFLICT:President Donald Trump stated in a Truth Social, "The United States will be hitting Iran (Whose Navy, Air Force, Radar, Anti Aircraft, and all other forms of Defense, together with most its offensive capability, are GONE!), VERY HARD TONIGHT. At some point in the not too distant future, we will be taking Kharg Island, and other oil infrastructure points, and assume total control of their Oil and Gas Markets, much like we have with Venezuela, which is working out brilliantly for both Venezuela and the United States of America. Thank you for your attention to this matter!"AURORA POWERHOUSE:Okloannounced that the U.S. Department of Energy's, DOE's, Idaho Operations Office has approved the Preliminary Documented Safety Analysis, PDSA, for Oklo's Aurora powerhouse at Idaho National Laboratory, INL, under DOE's Reactor Pilot Program, RPP. "This approval represents an important milestone for Aurora-INL and helps establish a foundation for future Aurora deployments," said Jacob DeWitte, co-founder and CEO of Oklo. "Aurora-INL is helping show how advanced reactors can move through real safety review, real construction, and ultimately into commercial licensing."