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BofA"s Cathy Bessant reportedly in talks with Wells Fargo for CEO job

Bank of America Corp.'s (NYSE: BAC) Cathy Bessant is in talks with Wells Fargo & Co. (NYSE: WFC) about its chief executive role, according to a Bloomberg report. Bessant's is the latest name in the running for Wells Fargo's top spot. Other suggestions .....»»

Category: topSource: bizjournalsJul 12th, 2019

America"s Most Hated Bank? Three Candidates Turn Down Wells Fargo For CEO Post

Just how hated is Warren Buffett's "favorite" bank Wells Fargo? Not only are millions of clients dumping the bank following countless scandals involving the bank's cross-selling of accounts, n.....»»

Category: blogSource: zerohedgeJun 11th, 2019

Wells Fargo Is the Latest Bank to Bar Consumers From Buying Bitcoin While Using Its Credit Cards

The decision follows similar announcements by other banks. Yet another banking giant, worried about the asset’s volatility, is banning cryptocurrency purchases using its credit card. America’s third largest bank by assets, Wells Fargo.....»»

Category: europeSource: fortuneJun 11th, 2018

Where Wells Fargo, Bank of America ranked among Wall Street"s biggest dealmakers of 2018

When it comes to getting deals done, Goldman Sachs is in a league of its own this year. As of Dec. 20 Goldman Sachs (NYSE: GS) had advised clients on 438 mergers and acquisitions, initial public offerings, leveraged buyouts and other corporate tra.....»»

Category: topSource: bizjournalsJan 2nd, 2019

PPP loan data reveals which Philadelphia-area banks did the most lending in 2021

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......»»

Category: topSource: bizjournalsMay 11th, 2021

Thinking About Buying Stock In Moderna, Palantir, Wells Fargo Or Bank of America?

One of the most common questions traders have about stocks is “Why Is It Moving?” That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving. read more.....»»

Category: blogSource: benzingaMar 29th, 2021

: Citigroup, Wells Fargo, Bank of America urge shareholders to vote against racial-equity audits

Three of the nation's biggest banks are asking shareholders to reject racial-equity resolutions after they expressed solidarity with the Black Lives Matter movement last year......»»

Category: topSource: marketwatchMar 18th, 2021

Morgan Stanley to offer to wealthy clients bitcoin fund access - a first for a major US bank

Access to bitcoin funds is limited to clients with "an aggressive risk tolerance" on top of having at least $2 million in asse.....»»

Category: personnelSource: nytMar 17th, 2021

: Morgan Stanley set to offer wealthy clients access to bitcoin funds: report

Morgan Stanley is set to offer wealthy clients the ability to invest in bitcoin funds, making it the first major U.S. bank to do so, according to a Wednesday news report......»»

Category: topSource: marketwatchMar 17th, 2021

Wells Fargo boosts Bank of America target, sees path to $55 per share

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: theflyonthewallFeb 22nd, 2021

BNY Mellon Opens Its Doors To Bitcoin And Cryptocurrency Custody

America’s oldest bank, Bank of New York Mellon Corp (NYSE: BK), will offer Bitcoin and digital asset custody services later this year. read more.....»»

Category: blogSource: benzingaFeb 11th, 2021

BofA"s Ugly Quarter: FICC Unexpectedly Slides, Bank Tries To Mask Weakness With Massive Reserve Release, Buyback

BofA's Ugly Quarter: FICC Unexpectedly Slides, Bank Tries To Mask Weakness With Massive Reserve Release, Buyback While nowhere near as ugly as Wells Fargo's dismal results, moments ago Bank of America r.....»»

Category: worldSource: nytJan 19th, 2021

CEOs of Bank of America, Truist and Wells Fargo respond to U.S. Capitol breach

Chief executives at Charlotte's largest banks released statements on Wednesday night condemning the actions of those who stormed the U.S. Capitol. Brian Moynihan, CEO of Bank of America Corp. (NYSE: BAC), called the events appalling. He said it .....»»

Category: topSource: bizjournalsJan 7th, 2021

Wells Fargo hires former Bank of America executive for digital banking role

The executive, who helped Bank of America embrace a digital-first strategy in entering new markets, will now help Wells Fargo boost its digital banking services......»»

Category: topSource: bizjournalsDec 20th, 2020

BofA, U.S. Bank say most of their PPP loans were to small businesses

Bank of America, Wells Fargo Bank and U.S. Bank report that the vast majority of their Paycheck Protection Program lending is going to small businesses in California and nationwide......»»

Category: topSource: bizjournalsMay 5th, 2020

BoA, Wells Fargo tout rush of lending in PPP Round 2

The nation's big banks have been tight-lipped on how they're doing with the SBA Paycheck Protection Program's second round — until now, as a Bank of America executive had a lot to say to the bank's employees......»»

Category: topSource: bizjournalsApr 29th, 2020

Lawsuits claim banks shuffled stimulus loans for profit

In a series of class-action lawsuits filed in California and New York over the past week, Bank of America, Wells Fargo, U.S. Bank and JPMorgan .....»»

Category: topSource: moneycentralApr 24th, 2020

Wells Fargo shifts into PPP damage control, tells clients it’s still preparing their applications as SBA relief runs out of money

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.....»»

Category: topSource: bizjournalsApr 16th, 2020

Wells Fargo shifts to PPP damage control, tells clients it’s still preparing applications as SBA relief runs out of money

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.....»»

Category: topSource: bizjournalsApr 16th, 2020

BofA Profit Plunges 45% On $4.8 Billion In Expected Credit Losses From Coronacrisis

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.....»»

Category: blogSource: zerohedgeApr 15th, 2020