Warren Buffett ‘blew it’ on Wells Fargo stock: Dick Bove
Berkshire Hathaway wasn’t paying attention, according to the analyst.
Financials
SunTrust reports data of 1.5M customers possibly stolen by ex-worker
Information includes names, addresses, phone numbers and account balances, bank says
Wells Fargo said near settlement of up to $1B with regulators
An agreement is expected to be announced as soon as Friday.
Goldman Sachs average employee comp could hit $448K this year
Tax cuts and more active trading lifted the bank’s earnings and revenue.
US Consumer sentiment fell in March on trade policy worries
U.S. consumers' confidence slipped this month, mainly due to concerns about the Trump administration's trade policies on the U.S. economy.
Delta's American Express credit card helps boost airline's bottom line
The air carrier reported a record number of accounts were opened in the first quarter of 2018.
JP Morgan's Dimon says U.S. economy still looks 'pretty good'
JPMorgan CEO Jamie Dimon is optimist about the U.S. economy.
Volatility sees the most action ever this year
A wave of stock market volatility has become the norm this year.
Bank of America to stop lending to some makers of military-style firearms: report
Bank of America becomes the second financial institution to address gun violence since the deadly Parkland shooting.
Federal Reserve proposes new capital rules for banks
The Federal Reserve is prosing new rules regarding how much capital a bank must hold as a cushion.
Citibank vs. Citidank: Pot dispensary asked to quit ripping off name
While Citi’s logo has a red umbrella above the “iti” in its name, Citidank substitutes a marijuana leaf.
Doubts over U.S. bank capital payouts may cloud strong earnings
Quirks in the new U.S. tax code are sowing doubts over how much big banks can boost dividends and stock buybacks this year, threatening to take the shine off what are likely to be strong quarterly profits.
Wells Fargo fine of up to $1B said weighed by Mulvaney
The lender is faulted for auto insurance and mortgage lending abuses.
PayPal makes a move toward traditional banking
PayPal is moving closer to mainstream banking.
Deutsche Bank seeks to replace CEO with Goldman executive -report
Deutsche Bank is seeking to replace Chief Executive John Cryan, the Times newspaper reported on Monday.
Bank of America to pay $42M to settle electronic trading probe
One of the firms to which the bank sent orders was Madoff Securities, New York Attorney General Eric Schneiderman said.
JPMorgan Chase, Bank of America, Wells Fargo deposits swell by $2.4T since crisis
The big banks’ balance sheets make the case for regulation, an analyst says.
Citigroup sets gun rules for its retail clients
The bank will prohibit customers from selling guns to people under 21 years old.
Dodd-Frank rollback: What you need to know
Congress is working on easing the burden of “too big to fail” provisions and the Volcker Rule.
Dodd-Frank rollback wins Senate approval
A bipartisan group of lawmakers is expected to back a plan to roll back some of the 2010 law’s banking regulations.