Wells Fargo refunding ‘tens of millions’ of dollars to customers for add-on products: report
Customers reportedly did not understand or know how to use the add-on products.
Financials
American Express lifts revenue forecast
The company reported strong results on higher card-member spending and loan growth.
Banking analyst predicts next bubble about to burst
While the commercial real estate market is booming, it could spell trouble for its biggest lenders.
Goldman Sachs’ new CEO: What to know about David Solomon
Lloyd Blankfein has led the banking giant since 2006.
Goldman to name David Solomon as CEO early this week: report
Solomon would be the successor to Lloyd Blankfein.
JPMorgan looks to China for growth
CEO Jamie Dimon expects China’s stock and bond market will eventually equal America’s.
Mortgage giants threaten financial stability
Americans are seeing a stronger economy: the question is can it persist?
Second-quarter bank earnings: What will it take to turn around stock performance?
There’s a lot riding on the financials to churn out big earnings growth.
Trump rally: Hottest sectors since Election Day
The S&P 500 is up more than 30% in the 610 days since President Trump was elected.
Citigroup hopes to gain deposits digitally
The bank hopes to reach depositors through a new app.
Aramco massive IPO now appears highly unlikely: report
The much-touted initial public offering (IPO) of Saudi Arabia's giant state-owned oil company Aramco has stalled and, according to government officials and people familiar with the matter, will probably never take place, The Wall Street Journal said Thursday.
Will financials rule the rest of 2018?
Financials should get back on track in the second half
US banks are back after clearing Fed stress tests
Banks built up $800 billion in capital since 2009.
Deutsche Bank fails Fed stress test; Goldman, Morgan Stanley pass but can't boost dividends
Out of 35 banks, 34 received the Fed's approval for dividend and share buyback plans.
Wells Fargo Advisors to pay $5M over improper investment sales: SEC
The SEC said the firm “improperly” encouraged retail customers to trade certain securities in a way that generated large returns for the bank.
American Express stock climbs on Supreme Court victory
Shares of American Express were trading higher on Monday while the overall market plummeted on trade concerns.
Steps to curtail gun sales meeting pushback
Is it time to stop financial retaliation?
The $100B threat banks face
Bank customers could be on the hook for the losses.
Largest US banks pass Fed stress tests
The 35 largest U.S. banks were found to have enough capital to survive a global recession.
Bank investors await U.S. stress test results for payouts
Dividends and buybacks could come next week when results are complete.