Wells Fargo & Co (NYSE:WFC) has announced the launch of its new and enhanced corporate online news room.
The company formed the online news room as part of a strategy for providing the latest news, resources, and information about Wells Fargo. The new online news room particularly targets the media as well as the firm’s customers. The mobile-friendly website offers the latest news about the company in a manner that is organized and easy to navigate. Wells Fargo believes that the platform will allow users to access information with ease and the platform is designed to promote openness.
“Launching an enhanced newsroom gives us an opportunity to connect more deeply with key constituents – including members of the media, our customers, and other individuals that want to learn more about our company,” stated Oscar Suris, the executive VP and head of Corporate Communications at Wells Fargo.
Suris noted that the online newsroom was created with the aim of providing breaking news as well as archived information about the company. It keeps in mind the modern-day multimedia environment which is deadline-driven and it creates a foundation for further developments in the future. The site will contain news releases, b-roll video, and infographics related to the company. It will also contain links to corporate as well as financial information.
Loan customers forced to purchase auto insurance to be compensated
Wells Fargo also made a recent announcement that it will reimburse roughly 570,000 vehicle-loan customers that have been forced to purchase auto-insurance that was unnecessary. The bank expects to give out about $80 million for the compensation.
The firm has also sued Alliant Insurance Services for taking advantage of confidential information to poach sales executives from the insurance arm of the company. Wells Fargo filed the lawsuit in Delaware’s Court of Chancery on Wednesday, claiming that Alliant launched a campaign to poach Wells Fargo insurance executives after an agreement to sell Wells Fargo Insurance Services business. The sale of the unit will most likely be finalized before the end of the year.
Wells Fargo stock closed the latest trading session on Thursday at $54.71.