The CEOs of some of the largest banks in the U.S., including Goldman Sachs and JPMorgan Chase, will testify Wednesday on Capitol Hill for Senate's Wall Street oversight hearing.
Warren Buffett's Berkshire Hathaway cut back on financial, energy and drug stocks but beefed up its grocery and wireless holdings while adding an insurer.
Some of the largest U.S. banks plan to start sharing data on customers' deposit accounts as part of a government-backed initiative to extend credit to people who have traditionally lacked opportunities to borrow.
Microsoft and delivery service DHL led a list of the 10 most-imitated brands in global phishing attempts in the first quarter of 2021.
Delta, JPMorgan and Goldman Sachs lead earnings reports in the week ahead, while investors will get a taste of Coinbase’s IPO, the first crypto company to go public.
Wells Fargo is hoping to return to normal operations starting September 6
The $10 billion hedge fund, run by Bill Hwang, was forced to liquidate positions last week, causing extreme swings in a number of stocks, including Discovery and ViacomCBS, according to reports.
According to data from Wells Fargo, Amazon's U.S. sales of clothing and shoes, including third-party sellers, grew 15% in 2020 to $41 billion. The increase represents 11-12% share of all apparel sold in the U.S. and 34-35% share of all apparel sold online.
The biggest U.S. banks are beginning to deliver stimulus checks to eligible Americans Wednesday morning following some criticism over the timing of the third round of direct cash payments.
The agency closed the inquiries into Wells Fargo and Microsoft in October and December.
Wells Fargo will offer up to eight hours of paid time off beginning March 8 to encourage all eligible global employees to get COVID-19 vaccines
Wells Fargo announced equity investments in six African American Minority Depository Institutions as part of its $50 million commitment last year to support economic growth in Black communities.
Wells Fargo & Co. reported fourth-quarter earnings that were mixed, as the company continues to be hampered by the coronavirus pandemic, as well as ongoing issues at the bank.
Business leaders from Wall Street to Silicon Valley joined trade groups across the nation in calling for an end to the protests and violence on Capitol Hill.
Wells Fargo has fired around 100 to 125 employees suspected of improperly obtaining coronavirus relief funds, a source familiar with the situation told FOX Business.
The San Francisco-based lender earned $2.04 billion, or 42 cents per share, missing the 45 cents that Wall Street analysts surveyed by Refinitiv were expecting. The results were an improvement from last quarter’s $2.38 billion loss, but marked a 56% decline from the $4.61 billion earned a year ago.
A proposal has been introduced to revoke the bank's naming rights.
Wells Fargo CEO Charlie Scharf apologized Wednesday after saying the financial services industry has “limited” Black talent to choose from when hiring senior management, reiterating his commitment to improving diversity amid a national reckoning on racial injustice sparked by the death of George Floyd.
A U.S. bank regulator announced Monday it had fined three former executives at Wells Fargo Bank for their roles in the company's sales practices scandal.
Warren Buffett's Berkshire Hathaway Inc said on Friday it had cut its Wells Fargo & Co stake to 3.3%, further reducing what had once been a $32 billion investment in the bank.