The spectacular collapse of FTX warrants every bit of attention that it has garnered so far. The bosses of the once high-flying business were allegedly involved in shady business operations behind-the...
Tag: Fargo
Ripple CEO slams SEC, Wells Fargo as attention shifts to FTX
Ripple Labs CEO Bradley Garlinghouse shared a meme on Twitter, slamming the U.S. Securities and Exchange Commission (SEC) and the fourth-largest bank in the United States, Wells Fargo. The furious twe...
Wells Fargo scandal deserves more scrutiny, Ripple CEO says
Brad Garlinghouse, the CEO of Ripple, pointed out the huge difference between public outrage at the FTX scandal and the relatively quiet response to Wells Fargo’s record-breaking penalty. On Wednesday...
Ripple CEO compares Wells Fargo billions mismanagement with FTX collapse
Amid the heated-up news steam about the FTX drama, Ripple CEO Brad Garlinghouse hastried to turn the public’s attention to another case regarding the misdeeds of traditional finance. A $3.7 billion fi...
Ripple Execs Slam SEC And Wells Fargo; New Court Schedule
Ripple remains belligerent against the U.S. Securities and Exchange Commission (SEC). Both CEO Brad Garlinghouse and general counsel Stuart Alderoty wrote tweets denouncing the SEC’s double standards....
I’m a Small-Cap Guy, but Disney, Wells Fargo Suddenly Look Entertaining
Outside of energy, investors have found few safe-havens over the past 12 months. The Nasdaq is down over 30% in 2022 and mega caps like Amazon (AMZN) , Tesla (TSLA) and Alphabet (GOOGL) have all tak...
Ripple CEO Claims Wells Fargo Scandal Deserves More Attention
Alex Dovbnya Ripple CEO Brad Garlinghouse highlighted the stark disparity between public outcry against FTX scandal and the less visible reaction to Wells Fargo’s record-breaking fine Ripple CEO Brad ...
Disney will start process to spin-off ESPN, ABC in 2023: Wells Fargo
Wells Fargo is predicting big things for Disney’s (DIS) sports network ESPN in 2023. In a new note published on Tuesday, Wells Fargo analyst Steve Cahall outlined the firm’s top prediction...
Disney shares could rally up to 45% in 2023: Wells Fargo
Walt Disney Co (NYSE: DIS) is trading slightly up on Tuesday after a Wells Fargo analyst issued a bullish note in favour of the entertainment and media conglomerate. Disney shares could rally on an ES...
Wells Fargo to Pay $3.7 Billion for Mistreating Customers
(Bloomberg) — Wells Fargo & Co. reached a $3.7 billion settlement with federal regulators, including a record $1.7 billion fine, to cover allegations that for years it mistreated millions of...
Wells Fargo Ordered To Pay Customers $3.7 Billion For Causing ‘Financial Harm’
Topline Wells Fargo will have to pay $3.7 billion in fines and refunds to customers for several consumer financial law violations, according to U.S. regulators Tuesday, the largest penalty against the...
Wells Fargo agrees to $3.7 billion settlement with CFPB over consumer abuses
Charles Scharf, chief executive officer of Wells Fargo & Co., listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Tuesday, March 10, 2020. Andrew Harrer | Blo...
More Penalties, Industry Bans Come From Wells Fargo Scandal
Over the last few years, it seems like Wells Fargo (WFC) – Get Free Report has come under investigation for no small number of regulatory infractions or discrimination practices. Just under a ...
Former Wells Fargo execs ordered to pay $18.5M over fake accounts scandal
Three former Wells Fargo executives face hefty fines over the mega-bank’s fake accounts scandal after a judge recommended they be forced to pay $18.5 million in collective penalties for failing ...
Wells Fargo, BofA CEOs say consumer demand is cooling, recession looms
Many shoppers say they plan to spend less this Black Friday as the cost-of-living crisis bites. Richard Baker | In Pictures | Getty Images American consumers are tapping the brakes on spending as the ...
Wells Fargo Tries Something New (and Customer Friendly)
For many Americans, living from paycheck-to-paycheck is a fact of life. Saving a bit of money at the end of the month in order to afford the next month’s rent is typically a significant financia...
JPMorgan Chase, Wells Fargo among potentially exposed FTX parties
FTX has named Kroll Restructuring Administration as its agent as it navigates the federal bankruptcy process and cited dozens of companies and people affected by its collapse, a petition filed by the...
Wells Fargo, HSBC Add Offshore Yuan to Blockchain Foreign-Exchange System
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Wells Fargo Faces Huge Fine After Latest Scandal
If you’re banking with the San Francisco-based mega-bank Wells Fargo (WFC) – Get Free Report, you’ve likely noticed that the company just can’t seem to stay out of hot water. The la...
Wells Fargo Embroiled in Yet Another Scandal
Sending money to family or making a rent payment through Zelle has many perks — it is immediate and does not come with the fees commanded by many traditional e-transfers. The instant payment ser...
Improving Chinese import data good for Estee Lauder, Wells Fargo says
Wells Fargo (WFC) on Tuesday raised its price target on Club holding Estee Lauder (EL) to $225 from $215 on the back of an improvement in cosmetics- and duty-free imports to China, a crucial market fo...
Wells Fargo Faces US Demand for Record Fine Exceeding $1 Billion
(Bloomberg) — Wells Fargo & Co. is under pressure from the Consumer Financial Protection Bureau to pay more than $1 billion to settle a series of investigations into mistreatment of customer...
Wells Fargo mortgage staff brace for layoffs as U.S. loan volumes collapse
Mortgage volumes at Wells Fargo slowed further in recent weeks, leaving some workers idle and sparking concerns the lender will need to cut more employees as the U.S. housing slump deepens. The bank h...
Paramount stock no longer deserves a premium multiple: Wells Fargo
Paramount Global (NASDAQ: PARA) has been in a downturn over the past seven months but a Wells Fargo analyst warns the pain is not over just yet. Paramount stock could crash to $13 On Monday, Steven Ca...
Disney stock price forecast: Wells Fargo sees a 40% upside
Walt Disney Co (NYSE: DIS) ended roughly flat on Monday even after a Wells Fargo analyst said it was his top pick in media stocks. Disney stock could climb to $145 Things will be more exciting, though...
Here’s what the Wells Fargo cross selling scandal means for the bank
Wells Fargo is one of the oldest and most powerful banks in the United States. Its reputation today is in tatters, following a notorious scandal that is still unfolding. Reports of fraudulent activity...
Jim Cramer says to buy Wells Fargo stock to capitalize on the Fed’s rate hikes
CNBC’s Jim Cramer on Monday advised investors to add Wells Fargo to their shopping lists. “Wells Fargo has now taken the lead as the best net interest margin play in the group, and their m...
Cloudflare should be a $65 stock: Wells Fargo
Cloudflare Inc (NYSE: NET) ended more than 10% up on Monday after a Wells Fargo analyst turned bullish on the content delivery and cybersecurity company. Cloudflare could climb another 30% On Monday, ...
Wells Fargo WFC Q3 2022 earnings
Pedestrians pass a Wells Fargo bank branch in New York, U.S., on Thursday, Jan. 13, 2022. Victor J. Blue | Bloomberg | Getty Images Wells Fargo said Friday that it is still seeing historically low loa...
Mortgage Rates Drop For First Time In 6 Weeks—But Housing Market Downturn Could Last Several Years, Wells Fargo Warns
Topline Despite mortgage rates falling for the first time since mid-August, experts are warning the higher borrowing costs that have tanked the housing market this year could stick around for at least...
One Big Option Trade Fueled S&P 500’s Midday Jump, Wells Fargo Says
(Bloomberg) — One giant options transaction may have sparked the S&P 500’s bounce on Wednesday, according to Wells Fargo & Co. Most Read from Bloomberg The trade, which involved buying a...