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What the Wells Fargo order means for banks and their directors

For those who follow such things, the press release, consent cease-and-desist order and official letters of reprimand published by the Federal Reserve Board on Feb. 2, 2018, with respect to Wells Fargo & Company (Wells) and named directors (combine.....»»

Category: topSource: bizjournalsJul 16th, 2018

Drug stocks may not react favorably to Pfizer price rollback, Trump tweets, says Wells Fargo

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.....»»

Category: blogSource: theflyonthewallJul 11th, 2018

The Wall Street Journal: U.S. to weigh waivers on Iran sanctions on ‘case-by-case basis’

The Trump administration will consider requests for waivers from economic sanctions against Iran on a “case-by-case” basis, a senior State Department official said Monday, a step back from threats to insist on zero imports by a Nov. 4 deadline......»»

Category: topSource: marketwatchJul 2nd, 2018

U.S. to Consider Iran Sanctions Relief on a "Case-by-Case" Basis

The Trump administration will consider requests for waivers from economic sanctions against Iran on a “case-by-case” basis, a State Department official said, a step back from threats to insist on zero imports by a Nov. 4 deadline......»»

Category: smallbizSource: wsjJul 2nd, 2018

Trump official seeks sanctions for Chinese leaders on human rights concerns

Sam Brownback, U.S. ambassador for religious freedom, sees leverage amid trade talks......»»

Category: topSource: washpostJun 29th, 2018

Wells Fargo may restructure wealth-management business

Wells Fargo & Co. is planning to restructure two wealth-management units that serve affluent customers in a move that could affect more than 12,000 employees. The Wall Street Journal, citing unidentified sources, reports on the plan by San Francisco-bas.....»»

Category: topSource: bizjournalsJun 19th, 2018

IT"S OFFICIAL: Trump has a deal to save Chinese tech giant ZTE from crippling sanctions

Damir Sagolj/Reuters The Trump administration reached a deal to ease sanctions on Chinese tech giant ZTE,.....»»

Category: topSource: businessinsiderJun 7th, 2018

Trump administration reaches deal to save Chinese phone maker ZTE despite sanctions, sources say

The Trump administration has informed memb.....»»

Category: topSource: latimesMay 25th, 2018

Wells Fargo may be stuck in the Fed"s penalty box until 2019

Wells Fargo CEO Tim Sloan said the bank is making plans to operate under the Federal Reserve's sanctions through the beginning of 2019......»»

Category: topSource: cnnMay 10th, 2018

Trump"s Iran Sanctions to Shake Up Oil Supply Lines

Washington’s decision to reinstate Iranian sanctions is likely to slowly cut off a chunk of the world’s crude supply—a shift that could redraw global supply lines and require Iran’s big customers to find alternative sources......»»

Category: smallbizSource: wsjMay 9th, 2018

Trump"s Iran Sanctions Put Oil Buyers in a Bind

Washington’s decision to reinstate Iranian sanctions threatens to slowly cut off a chunk of the world’s crude supply—a shift that could redraw global supply lines and require Iran’s big customers to find alternative sources......»»

Category: smallbizSource: wsjMay 9th, 2018

U.S. to fine Wells Fargo $1 billion — the most aggressive bank penalty of the Trump era

The anticipated action involves the megabank’s treatment of car loans and mortgages......»»

Category: topSource: washpostApr 19th, 2018

Trump puts the brakes on new Russia sanctions: official

The White House has pushed back fresh measures against Moscow, in a move that appears to walk back comments made by U.S. Ambassador to the United Nations Nikki Haley over the weekend. Dhruv Tikekar reports......»»

Category: videoSource: reutersApr 17th, 2018

Report: Wells Fargo faces federal fine of up to $1 billion for alleged consumer abuses

Wells Fargo & Co. will be subject to a record fine as high as $1 billion for auto insurance and mortgage lending abuses, according to a report from Reuters.  Citing what it says are three sources familiar with this situation, the news service said .....»»

Category: topSource: bizjournalsApr 9th, 2018

Feds seek record fine against Wells Fargo for abuses

The U.S. consumer watchdog is seeking a record fine against Wells Fargo & Co for auto insurance and mortgage lending abuses that could exceed several hundred million dollars, according to three sources with knowledge of the plans......»»

Category: topSource: moneycentralApr 9th, 2018

Feds seek record fine against Wells Fargo for abuses

The U.S. consumer watchdog is seeking a record fine against Wells Fargo & Co for auto insurance and mortgage lending abuses that could exceed several hundred million dollars, according to three sources with knowledge of the plans......»»

Category: topSource: moneycentralApr 9th, 2018

Exclusive: U.S. watchdog seeks record fine against Wells Fargo for abuses - sources

WASHINGTON (R.....»»

Category: topSource: reutersApr 9th, 2018

CFPB Planning Record Fine Against Wells Fargo For Mortgage Lending, Auto Insurance Abuses

President Donald Trump has apparently kept his promise that the Consumer Financial Protection Bureau, under the leadership of OMB Director Mick Mu.....»»

Category: blogSource: zerohedgeApr 9th, 2018

Builder Confidence Healthy in July

Builder confidence is healthy, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The Index reading is 68; an above-50 reading indicates more builders have a positive o.....»»

Category: realestateSource: rismedia13 hr. 2 min. ago

How OfficeMax"s former CEO lost more than $4 million, thanks to Wells Fargo"s investment advice

Wells Fargo’s wealth management unit has been ord.....»»

Category: topSource: latimes20 hr. 2 min. ago