Wells Fargo profit shrinks more than 7% on lower interest income Wells Fargo’s profit fell 7% in the first quarter as it became more costly to pay customers for deposits and demand... Published 12 Apr, 2024 07:14pm
Business & Finance Wells Fargo branch workers in California vote against union Wells Fargo employees at a small bank branch in Atwater, California, voted against forming a union on Thursday,... Published 19 Jan, 2024 10:16am
Markets Wall Street slips as big banks slide NEW YORK: Wall Street’s main indexes fell on Tuesday after mixed earnings from Morgan Stanley and Goldman Sachs... Published 17 Jan, 2024 06:02am
Business & Finance Some Wells Fargo employees vote in favor of unionization; others reject Wells Fargo employees at its Albuquerque, New Mexico branch voted to join a union on Wednesday, while some of the... Published 21 Dec, 2023 10:32am
Markets S&P 500, Nasdaq down BENGALURU: The S&P 500 and the Nasdaq fell on Friday, as a decline in megacap stocks overshadowed upbeat... Published 14 Oct, 2023 05:32am
Markets Higher gasoline prices seen boosting US inflation in August WASHINGTON: US consumer prices likely increased by the most in 14 months in August amid a surge in the cost of... Published 13 Sep, 2023 10:36am
Business & Finance Wells Fargo CFO expects more layoffs ahead NEW YORK: Wells Fargo could see its headcount decline further as it aims to improve efficiency, Chief Financial... Published 12 Sep, 2023 08:16pm
Business & Finance Slower, but still strong US employment growth expected in July WASHINGTON: US job growth likely slowed further in July, but retained enough momentum to shield the economy from a... Published 04 Aug, 2023 10:03am
Business & Finance JPMorgan, Wells Fargo prepare for losses on office loans NEW YORK: JPMorgan Chase and Wells Fargo said on Friday they set aside more money for expected losses from ... Published 17 Jul, 2023 03:47am
Business & Finance Citigroup profits drop less than expected NEW YORK: Citigroup beat analysts’ estimates for second-quarter profit on Friday as higher interest payments from... Published 17 Jul, 2023 03:47am
Business & Finance Wells Fargo profit surges 57% as interest payments climb Wells Fargo’s profit surged 57% in the second quarter as it earned more from customer interest payments and raised... Published 14 Jul, 2023 05:13pm
Markets US banking giants to report higher profits even as dealmaking drags NEW YORK: Wall Street banks are expected to report higher profits for the second quarter as rising interest payments... Published 11 Jul, 2023 03:50pm
Markets Wells Fargo reaches $1bn settlement with shareholders over recovery from scandals NEW YORK: Wells Fargo & Co has agreed to pay $1 billion to settle a lawsuit accusing it of defrauding... Published 16 May, 2023 10:05am
Business & Finance Wells Fargo profit exceeds estimates as rising rates bolster income NEW YORK: Wells Fargo & Co’s profit surpassed expectations for the first quarter on Friday as it earned more... Published 17 Apr, 2023 06:41am
Business & Finance Wells Fargo fined $100m for sanctions violations WASHINGTON: The US Federal Reserve Board and the Treasury announced fines Thursday for Wells Fargo bank totaling... Published 01 Apr, 2023 07:16am
Markets Global bank shares sink over US fears PARIS: The world’s biggest banks took a stock market beating on Friday as signs of trouble at a US regional lender... Published 10 Mar, 2023 03:31pm
Markets Dollar near eight-month low ahead of central bank meetings SINGAPORE: The dollar lolled near an eight-month low against its peers on Thursday, as a gloomy US corporate... Published 26 Jan, 2023 09:14am
Markets US banks get ready for shrinking profits and recession NEW YORK: US banking giants are forecast to report lower fourth quarter profits this week as lenders stockpile... Published 10 Jan, 2023 12:01pm
Business & Finance Wells Fargo sacks India executive for urinating on plane passenger NEW DELHI: US banking giant Wells Fargo on Friday sacked a top Indian executive now being pursued by police for... Published 07 Jan, 2023 07:31am
Markets Wells Fargo sacks India executive for urinating on plane passenger NEW DELHI: US banking giant Wells Fargo on Friday sacked a top Indian executive now being pursued by police for... Published 06 Jan, 2023 07:43pm
Business & Finance US CFPB orders Wells Fargo to pay $3.7bn for mismanagement NEW YORK: Wells Fargo has agreed to pay $3.7 billion to settle charges from a US consumer watchdog over widespread... Published 21 Dec, 2022 06:53am
Opinion Goldman Sachs’ consumer pivot solves one question, but makeover raises more Goldman Sachs Group Inc’s strategy pivot has solved one problem for investors who didn’t love its foray into... Published 20 Oct, 2022 05:36am
Business & Finance Wells Fargo profit falls on sales scandal costs, higher reserves Wells Fargo & Co on Friday reported a 31% decline in third-quarter profit as the bank racked up costs related to... Published 14 Oct, 2022 05:25pm
Business & Finance Wells Fargo expects steeper US rate hikes to quell rampant inflation Wells Fargo expects steeper rate hikes by the Federal Reserve due to resiliency of the U.S. economy and the central... Published 27 Sep, 2022 06:46pm
Business & Finance Wells Fargo to pay over $13mn penalty to resolve 401(k) review Wells Fargo & Co said on Monday it would pay a penalty of $13.2 million as part of a settlement with the U.S... Published 12 Sep, 2022 07:28pm
Markets Wall Street slides for fifth straight day on rate hike jitters NEW YORK: US stock indexes slid for the fifth straight session on Thursday as fresh signs of a tight labor market... Published 02 Sep, 2022 06:00am
Markets Valuations give investors pause in buying beaten-up U.S. stocks NEW YORK: Whipsawing bond yields, surging oil prices and a Federal Reserve bent on squashing the worst inflation in... Published 18 Jun, 2022 05:44pm
World Solid U.S. job growth anticipated in May; unemployment rate seen at 3.5% WASHINGTON: U.S. employment likely increased at a brisk clip in May, with the jobless rate expected to have dropped... Published 03 Jun, 2022 12:20pm
Markets Wells Fargo CEO sees $1 billion opportunity in growing investment bank NEW YORK: Wells Fargo & Co’s Chief Executive Officer Charlie Scharf said Wednesday he wants to grow Wells’... Published 01 Jun, 2022 08:53pm
Markets Pfizer to pay $11.6bn for Biohaven in biggest deal since 2016 Pfizer Inc will pay $11.6 billion to buy migraine pill maker Biohaven Pharmaceutical, marking the biggest deal by... Published 10 May, 2022 07:36pm
