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Trump apointee promised Wells Fargo "political" oversight, NY Times reports
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 to pay $3 bln for fake accounts
Wells Fargo reached a settlement Friday for a massive fake account scandal, in which it admitted to guilt and agreed to pay $3 billion to the Justice Department and Securities and Exchange Commission. Conway G. Gittens details the official announcement......»»
U.S. authorities to announce deal over Wells Fargo"s sales practices scandal: sources
U.S. authorities will soon announce a settlement related to Wells Fargo's multi-year sales practices scandal, according to two sources familiar with the matter, wrapping up one of the last one major probes looming over the bank......»»
Exclusive: Venezuela"s PDVSA steps up fuel shipments to Cuba as shortages bite
Venezuela's state energy firm PDVSA has been shipping more oil this month to close ally Cuba, as tighter U.S. sanctions have worsened fuel shortages on the Caribbean island, according to sources and internal company documents seen by Reuters......»»
Exclusive: Trump to sign USMCA trade deal Wednesday at the White House - source
U.S. President Donald Trump will sign a trade pact agreed between the United States, Mexico and Canada on Wednesday during a ceremony at the White House, an administration official told Reuters on Thursday......»»
Former Wells Fargo senior executives reportedly under criminal investigation
Several former Wells Fargo & Co. senior executives are under criminal investigation resulting from the bank’s fake-accounts scandal, trade publication American Banker reported, citing unnamed sources. According to the report, federal prosecutors.....»»
Former Wells Fargo senior executives under criminal investigation: Report
Several former Wells Fargo & Co. senior executives are under criminal investigation resulting from the bank’s fake-accounts scandal, trade publication American Banker reported, citing unnamed sources. According to the report, federal prosecutors.....»»
Exclusive: Freddie Mac offers early retirement to 25% of workforce - sources
Freddie Mac has offered early retirement to around 25% of its staff as it begins to overhaul its workforce amid a broader push by the Trump administration to reform the housing finance giant, according to four people briefed on the matter......»»
Exclusive: White House considered kicking Huawei out of U.S. banking system - sources
The Trump administration considered banning China's Huawei from the U.S. financial system earlier this year as part of a host of policy options to thwart the blacklisted telecoms equipment giant, according to three people familiar with the matter......»»
Exclusive: Facing U.S. sanctions, Venezuela offers suppliers payment in Chinese yuan - sources
Venezuela's government and its oil company PDVSA have offered to pay suppliers and contractors into accounts in China using the yuan currency, five people familiar with the matter said......»»
Exclusive: Trump administration to miss 2019 target for Alaska refuge oil lease sale - official
The Trump administration will miss its target of holding the first-ever oil drilling lease sale in Alaska’s Arctic National Wildlife Refuge this year due to delays in the environmental review process, Interior Secretary David Bernhardt told Reuters......»»
Vendors squeezed in Wells Fargo cost cutting push
At least seven vendors have given Wells Fargo & Co a partial refund for their services after bank executives pressured the contractors to return 2.5% of revenue earned last year, according to sources familiar with the matter......»»
Wells Fargo taps Bill Daley, former White House official, head of public affairs
Wells Fargo & Co , which recently tapped one-time Jamie Dimon protégé Charles Scharf to be its CEO, has hired another former JP Morgan Chase executive and previous White House official, William Daley, to head public affairs......»»
Sources: Wells Fargo lays off more than 200 business bankers in U.S.
Wells Fargo & Co has laid off more than 200 bankers in its U.S. lending divisions in recent months, as the bank reacted to business trends and restructured some units, sources familiar with the matter said this week......»»
Exclusive: Pinnacle nabs Wells Fargo"s former Nashville chief
This is the third former market president Pinnacle has snagged from one of its competitors in as many years......»»
Exclusive: Wells Fargo beefs up mortgage division to cope with higher volumes
Exclusive: Wells Fargo beefs up mortgage division to cope with higher volumes.....»»
Trump Today: Trump says he’s ordering more Iran sanctions as he names new national security adviser
President Donald Trump said Wednesday he ordered more sanctions on Iran, as he named a top State Department official as his new national security adviser......»»
Top U.S. trade official submits USMCA ideas to Democrats: lawmakers
The Trump administration on Wednesday sent U.S. House of Representatives Democrats its latest proposals for addressing legislators' concerns about the new U.S.-Mexico-Canada trade deal, lawmakers and congressional sources said......»»
Flyers, SugarHouse team on sportsbook-style lounges at Wells Fargo Center
The Flyers and the Wells Fargo Center have signed a multi-year agreement with SugarHouse Casino and PlaySugarHouse.com to become their official sportsbook partners. The deal includes two hi-tech sports lounges inside the Wells Fargo Center that will .....»»
Exclusive: China warns India of "reverse sanctions" if Huawei is blocked - sources
China has told India not to block its Huawei Technologies [HWT.UL] from doing business in the country, warning there could be consequences for Indian firms operating in China, sources with knowledge of the matter said......»»