CFPB Fines Wells Fargo $1 Billion

As was widely expected, Wells Fargo announced today that it has agreed to pay a $1 billion fine to the Office of the C.....»»

Federal regulators slapped Wells Fargo & Co. wi.....»»

The Consumer Financial Protection Bureau may fine Wells Fargo several hundred million dollars and as much as $1 bil.....»»

A bank based in Berks County with just $18 billion in assets churned out more PPP loans than Chase, Wells Fargo or Bank of America......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Wells Fargo analyst Aaron Rakers expects Apple Inc. (NASDAQ: AAPL) to announce a dividend increase of at least 10% as well as its expand its stock buyback program by $50 billion while reporting its second-quarter results on April 28, Barron’s read more.....»»

Wells Fargo & Co. posted stronger-than-expected profit and revenue for the first quarter, boosted by the release of $1.6 billion in its reserv.....»»

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. .....»»

Wells Fargo expects sales of clothes and shoes on Amazon to top $45 billion in 2021.....»»

“The risks of not taking action are too great to ignore," said CEO Charlie Scharf......»»

Wells Fargo & Co. said Tuesday it has agreed to sell Wells Fargo Asset Management to private-equity firms GTCR LLC and Reverence Capital Partners LP for $2.1 billion. The deal is expected to close in the secon.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

San Francisco banking giant Wells Fargo & Co. has sold off its $10 billion private student loan portfolio as it looks to shed costs amid a directive under CEO Charlie Scharf to cut billions of dollars in expenses and retrench the lender into its .....»»

Wells Fargo said Thursday that it will continue working on its small business customers’ SBA Paycheck Protection Program applications even as the $350 billion SBA relief program ran out of money Thursday. The bank plans to have the applications re.....»»

Wells Fargo said Thursday that it will continue working on its small business customers’ SBA Paycheck Protection Program applications even as the $350 billion SBA relief program ran out of money Thursday. The bank plans to have the applications r.....»»

BofA Profit Plunges 45% On $4.8 Billion In Expected Credit Losses From Coronacrisis Bank of America joined JPMorgan and Wells Fargo in setting aside billions of dollars for upcoming loan losses as the.....»»

Wells Fargo & Co. is shifting priorities to focus resources on its response to the novel coronavirus......»»

Wells Fargo's first quarter profits suffered as the bank set aside billions to gird for the effect the ongoing economic shutdown will have on the world economy......»»

Wells Fargo & Co on Tuesday reported a plunge in first-quarter profit as the U.S. bank set aside nearly $4 billion to cover potential losses on loans to consumers and small businesses hurting due to the coronavirus outbreak......»»

The fourth-largest U.S. lender's quarterly profit fell to $42 million, or 1 penny per share, from  $5.51 billion, or $1.20 per share, a year earlier......»»