WFC · News · 20260906N

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WELLS FARGO & COMPANY/MN · 2026-09-06 · Importance 34 · Surprise 42

Wells Fargo Advisors experienced its second trading disruption in less than a week, requiring brokers to enter orders manually. The outage was attributed to an issue with an outside vendor that processes trades. The incident occurred four months after Wells Fargo launched Advisor Gateway, a billion-dollar technology overhaul, raising operational reliability concerns for its advisor channel.

Key facts

• The Saudi Central Bank increased its stake in Wells Fargo by 85.1% in the second quarter, bringing its total holdings to 214,501 shares valued at approximately $17.7 million. source