Wells Fargo’s Scandals Drag on Profit as It Braces for a ‘Slowing Economy’
The bank’s earnings took a $2 billion hit, bringing its profit down to $3.5 billion in the third quarter.
Posted inBank of England Banking and Financial Institutions Credit and Debt Economic Conditions and Trends Georgieva, Kristalina Ivanova Government Bonds Great Britain Inflation (Economics) International Monetary Fund Truss, Elizabeth (1975- )
Andrew Bailey Battles Inflation Amid Britain’s Financial Storm
Andrew Bailey, the Bank of England chief, is trying to calm markets, wrestle inflation and maintain the bank’s credibility amid Britain’s financial storm.
Posted inBanking and Financial Institutions Consumer Financial Protection Bureau Consumer Protection Frauds and Swindling Mobile Commerce and Payments Regulation and Deregulation of Industry Scharf, Charles W Senate Warren, Elizabeth Wells Fargo & Company
Elizabeth Warren Singles Out Wells Fargo for ‘Alarming Pattern’ of Zelle Fraud
Customers’ claims have risen sharply in recent years and exceed the rate reported by other large banks, the senator said in a letter to the bank’s leader.
Posted inBank of England Banking and Financial Institutions Economic Conditions and Trends Government Bonds Great Britain Pensions and Retirement Plans Politics and Government Stocks and Bonds Truss, Elizabeth (1975- )
Turmoil Returns to the U.K. Bond Market
The Bank of England started a bond-buying program last month to stabilize financial markets. But its plan to end the program this Friday is only making investors more nervous.