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| Kimberly Fritts |
Wells Fargo has signed on Cogent Strategies, the firm launched by former Podesta Group CEO Kimberly Fritts, for additional Washington coverage.
It wants Cogent to handle a broad range of policy issues impacting the banking sector.
Managing directors David Oxner, former head of government relations at the Securities Industry & Financial Markets Assn., and Randall Gerard, ex-Podesta principal and staffer on the Senate Commerce, Science and Transportation Committee, handle the effort.
As part of its turnaround plan, Wells Fargo announced June 28 that Derek Flowers, a 21-year veteran of the company, will head its newly created strategic execution & operation office that is supposed to enable the bank to deal with its regulatory priorities and drive its transformation.
Flowers reports to interim CEO Allen Parker, who replaced Timothy J. Sloan in March after he was the subject of a blistering attack by Massachusetts Senator and presidential hopeful Elizabeth Warren.
Sloan was the second CEO to exit since the 2016 bombshell that Wells Fargo staffers opened up millions of fake customer accounts.
Wells Fargo spent $4.3M for DC lobbying during the past year at a roster of shops that includes Ogilvy Government Relations, Resolution Public Affairs and Federal Street Strategies.
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
The Brand Amp represents Archer Aviation as it acquires Boeing’s $200M flying-taxi operation in return for a 20 percent stake in the Silicon Valley startup.
