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WELLS FARGO ARE WARNING
Zelle to expand peer-to-peer payment service to India this yearZelle, a popular payment service, is set to launch in India later this year. This marks Zelle's first international expansion. The company ...- Remember GoPro, the king of action cameras? The once-$11 billion giant is now fighting just to stay aliveGoPro bankruptcy risk: Once an $11 billion market cap giant, GoPro now faces an uncertain future. Its auditor raised "substantial doubt" ab...
- What is US stock market prediction for Monday? Wall street ends at record highs as AI stocks and Dell lead market rallyWhat is US stock market prediction for Monday? US stock market prediction for Monday remains linked to momentum from Wall Street's latest r...
- US stocks today: US stocks hits new closing highs on tech strength, Middle East deal hopesWall Street ended at record highs on Friday, driven by strong tech earnings and optimism around AI-led growth. Dell’s upbeat forecast lifte...
- Layoff wave hits: Full list of companies cutting jobs this week—are you affected?Companies laying off employees this week: A new wave of layoffs is impacting thousands of US workers this week as numerous companies announ...
- Global Markets: Asian stocks dip as traders await ceasefire newsAsian stocks declined as investors reduced holdings ahead of the weekend, awaiting progress on extending the US-Iran ceasefire. This follow...
- Bessent, Powell warned bank CEOs about Anthropic model risksThe meeting, held at the Treasury Department in Washington on Tuesday, was aimed at ensuring banks are aware of the potential risks posed ...
- Is a recession coming? Why global stock markets are crashing right now as more than $3.2 trillion in market value evaporates and Brent crude nears $85 a barrel amid the US-Israel-Iran warIs a recession coming? Global stock market crash wipes out $3.2 trillion in 48 hours as oil prices surge near $85 on US-Israel-Iran war fea...
- US bank stocks fall as results, credit card cap in focusUS bank stocks fell as investors digested mixed earnings from major lenders and concerns over a proposed credit card interest cap, which co...
- Are you getting Wells Fargo’s $5,000: Who qualifies, how to claim, and when $5,000 Wells Fargo settlement comesWells Fargo is paying. $19.5 million total. The reason? Secret call recordings. Between 2014 and 2023. No consent. No notice. That broke Ca...
- Landlocked North Dakota, 1500 miles away from Pacific coast, searches for tsunami warning after massive earthquake jolts Russia’s Kamchatka; here’s what authorities sayFollowing a massive earthquake near Russia's Kamchatka Peninsula, tsunami warnings and advisories were issued across the Pacific, impacting...
- Wells Fargo beats profit estimates but CEO warns tariffs could slow economic growthWells Fargo's profit rose 6% in the first quarter as the bank cut costs and set aside less money to cover potential loan losses, but its CE...
- Wells Fargo Q4 Results: Profit beats estimates; bank warns of lower interest income in 2024Rising borrowing costs have benefited banks that charged borrowers more on interest, but with market participants expecting rate cuts by th...
- US bank profits fall in choppy fourth quarter marked by special charges, falling lending marginsJPMorgan gained 0.9% and Citi fell 1.2%, while Bank of America fell 2.4% and Wells Fargo was down 2.3%. The banks combined set aside more t...
- Wells Fargo’s Harvey warns S&P 500 is set for a 10% correction“In our view, equity downside will be driven by worsening economic conditions, a function of: aggressive monetary policy; potential capital...
- U.S. banks likely set aside $5 bln in Q3 reserves as recession risks growWith growing fears of a recession as the U.S. Federal Reserve hikes interest rates aggressively to tamp down inflation, reserves in the thi...
- Warren Buffett’s top stock last year was the bank he’s been bailing onWells Fargo’s stock took off last year amid signs that Charlie Scharf is making progress in his efforts to turn the lender around. The chie...
- Charlie Munger calls out Robinhood, other brokers for ‘dirty’ moneyCharlie Munger took aim at trends including the Reddit-induced boom in stocks such as GameStop Corp. and the growth in SPACs, or special pu...
- New norms may make four top US banks as big as its GDPStricter accounting standards for derivatives and off-balance-sheet assets would make the banks twice as big as size of the US economy
- Court tilts Wachovia fight toward Wells FargoThe battle for control of troubled bank Wachovia tilted toward Wells Fargo on Sunday as a federal judge temporarily block a New York state ...
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