Wells Fargo Customer Deposits Disappear Because of a Glitch
Reports of a processing error began to surface on Thursday and continued through Friday. Wells Fargo said on Saturday that the issue had been resolved.
Posted inBanking and Financial Institutions Citigroup Inc Company Reports JPMorgan Chase & Company United States Economy Wells Fargo & Company
JPMorgan, Citigroup and Wells Fargo Report Better-than-Expected Profits
Three of the biggest banks in the United States made a cumulative $22.3 billion in profit last quarter, a hefty jump from the same period last year.
Posted inBanking and Financial Institutions Company Reports Real Estate (Commercial) Scharf, Charles W Wells Fargo & Company
Wells Fargo Beats Expectations but Sets Aside Money for Loan Losses
The U.S. economy “continues to perform better than many had expected,” said Charlie Scharf, the bank’s chief executive, but “there will likely be continued economic slowing.”
Posted inBanking and Financial Institutions Regulation and Deregulation of Industry Suits and Litigation (Civil) United States Wells Fargo & Company
Wells Fargo to Pay $1 Billion to Settle Lawsuit by Shareholders
A group of plaintiffs had claimed that the bank misled investors about its progress in cleaning up after a sham accounts scandal a decade ago.