Wells Fargo redeems $5.78 billion of securities amid new rules
Wells Fargo & Co., the fourth- largest US bank, said it plans to redeem $5.78 billion of securities with cash on hand after new financial rules triggered a clause allowing the lender to repay the instruments.
Wells Fargo & Co. is donating about $4,000 in cash to several regional nonprofits on behalf of its own employees who have volunteered time.