Topline Numerous Wells Fargo online banking users complained of not seeing scheduled paychecks hit their accounts Friday, which the bank blames on a technical issue that does not appear connected to T...
Tag: Wells Fargo
Banking Selloff Goes Global After SVB Trouble. HSBC, BNP Paribas, UBS Tumble.
The selloff in the banking sector spread across the globe on Friday after SVB Financial Group said it was forced to unload assets at a loss following a decline in deposits. HSBC (ticker: HSBA.UK), Eur...
A Free $30 Costco Gift Card; Troubling Signs For The Economy
Troubling Signs Emerge as Credit Card Debt Hits Record High As credit card debt hit an all-time high, just shy of $1 trillion, in the final three months of 2022, delinquencies among borrowers accelera...
The Best And Worst Banks Of 2023
Community banks like CVB Financial thrive, while trillion-dollar giants like Wells Fargo slide. Higher interest rates provided a healthy boost to banks’ balance sheets in 2022, but it wasn’t always an...
If You Are Smart, Your Super Bowl LVII Party Can Cost You Less Than It Did Last Year
Walk into every supermarket across the nation this week and there is no doubt you will know what major food event is coming up on February 12 – it’s Super Bowl time once again! And if you happen to li...
Wells Fargo, Disney, and 10 Other Stocks Value Investors Are Watching
Text size Eaton Vance’s Adam Dunn expects cost cutting at Disney and a more balanced approach to growth and profitability at Disney+ under newly reinstalled CEO Bob Iger. Getty Images Sometimes, being...
What JPMorgan and Other Banking Giants Are Saying About a Possible Recession
America’s banking giants are looking into their economic crystal balls, and not all of them like what they see. JPMorgan , Bank of America , and other top U.S. banks recently offered economic outlooks...
Wells Fargo Is Backing Out Of The Mortgage Market
(Photo by Robert Alexander/Getty Images) Getty Images Key takeaways Wells Fargo, the country’s third largest mortgage lender, is stepping back from the mortgage market. While not exiting it enti...
Wells Fargo VP Fired After Mid-Flight Urination Incident
Wells Fargo (WFC) – Get Free Report did not have a great year in 2022, and it looks like 2023 is kicking off with a real banger. The bank was called out for several of its major moves last year...
More Consumers Turn To Buy Now, Pay Later; Signs The Economy Will Struggle
Out of Cash, Many Americans Add to Their Credit Card Debt During the Holidays Once flush with additional savings from the pandemic, many consumers have exhausted that excess cash due to ongoing inflat...
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...
Mars Acquires Whole Fruit Chocolate Brand Trü Frü
Confectionery products from two of America’s largest confectionery groups Mars and Wrigley. (Photo … [+] by Johnny Green – PA Images/PA Images via Getty Images) PA Images via Getty I...
6 Preferred Stocks That Offer Safety and High Yields
There still is plenty of yield in the depressed preferred-stock market—even after the recent half-point yield decline in the Treasury 10-year note to 3.7%. Many preferred issues yield 6% or more and o...
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...
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...
Goldman Sachs Smashes Earnings Estimates. Are Bank Boom Times Back?
Key Takeaways Goldman Sachs has beat earnings forecast substantially with earnings per share hitting $8.25 against predictions of $7.51. They’re the latest bank to announce big earnings beats as risin...
Citigroup Reports Earnings Friday. What to Expect.
Wall Street will be looking for more signs of Citigroup turnaround when the bank posts third-quarter results Friday. Like all banks, Citigroup (ticker: C) has faced challenges this year as it has had ...
Bank Earnings Season Starts Next Week: Remember To Breathe!
Big bank earnings could cause significant market volatility next week. Photo by Spencer Platt. Getty Images Four of the United States’ largest globally systemically important banks (GSIBs) are reporti...
Wells Fargo Shells Out $145 Million To End Feds’ 401(k) Investigation
Topline Wells Fargo agreed to pay $145 million to end a Department of Labor investigation into alleged malpractice with employees’ 401(k) retirement accounts Monday, in the latest major penalty for We...
Citigroup Joins Industry Effort to Lend to People Without Credit Scores
Citigroup is joining a government-sponsored effort to expand access to credit in underserved communities. The bank is launching two pilot programs early next year under the Office of the Comptroller o...
Wells Fargo Fined $22 Million for Alleged Whistleblower Retaliation
Wells Fargo & Co. was fined more than $22 million by the U.S. Labor Department for allegedly firing a senior manager in its commercial banking unit after the employee reported concerns about misco...
Top 100 Public Company Crypto Involvement
August 24, 2022, 9:55AM EDT • 2 min read Quick Take 28 out of the top 100 publicly traded firms ranked by Forbes have at least one crypto/blockchain investment since 2021 SoftBank and Samsung have the...
Asia Niche Will Help East West Bank Weather U.S. Economic Downturn, CEO Dominic Ng Says
East West’s Chairman and CEO Dominic Ng. East West Bank East West Bank, today one of the largest American banks to service the U.S.-China business community, started out its life banking to Chin...
3 Predictable Charlie Munger Stocks With A High Margin Of Safety
Summary Wells FargoWFC , U.S. BancorpTBBK and Alibaba also have high business predictability ratings. Renowned investor Charlie Munger (Trades, Portfolio), the chairman of DaiDAI ly JournaDJCO l Corp....
Is Fixed Wireless Ready To Take On Cable? It’s Early, But The Initial Data Seem Promising
NEW YORK, NY – JULY 26: Pedestrians cross an intersection near a T-Mobile store on Sixth Avenue in … [+] Manhattan on July 26, 2019 in New York City. On Friday, the U.S. Department of Just...
There Are Signs Inflation May Have Peaked, but Can It Come Down Fast Enough?
Growing signs that price pressures are easing suggest that June’s distressingly high 9.1% increase in consumer prices will probably be the peak. But even if inflation indeed comes down, economists see...