[ad_1] David Solomon, Chairman and CEO, Goldman Sachs, participates in a panel discussion during the annual Milken Institute Global Conference at The Beverly Hilton Hotel on April 29, 2019 in…
Tag: Wells Fargo & Co
JPMorgan Chase profit falls after $2.9 billion fee from regional bank rescues
[ad_1] JPMorgan Chase said Friday that fourth-quarter profit declined after paying a $2.9 billion fee tied to the government seizures of failed regional banks last year. Here’s what the company…
Citigroup is cutting 10% of its workforce in CEO Jane Fraser’s corporate overhaul
[ad_1] Citigroup CEO Jane Fraser at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2023. Adam Galica | CNBC Citigroup said it was cutting 10% of its workforce…
Wells Fargo posts higher fourth-quarter profit, helped by higher interest rates and cost cutting
[ad_1] Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago, as the bank warned that net interest income for 2024 could come in significantly lower…
Affirm’s stock quintupled this year, beating all tech peers, on buy now, pay later boom
[ad_1] Drew Angerer / Getty Images A year ago, there was little holiday cheer at Affirm. The point-of-sale lender was confronting rising interest rates, recession fears and weakening consumer spending.…
Dow rallies more than 500 points to record, closes above 37,000 for the first time: Live updates
[ad_1] Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE). Drew Angerer | Getty Images The Dow Jones Industrial Average jumped to a record…
Regulators caught Wells Fargo, other banks in probe over mortgage pricing discrimination
[ad_1] People pass by a Wells Fargo bank on May 17, 2023 in New York City. Spencer Platt | Getty Images Wells Fargo was snared in an industrywide probe into…
Wells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom
[ad_1] Charlie Scharf, CEO, Wells Fargo, speaks during the Milken Institute Global Conference in Beverly Hills, California on May 2, 2023. speaks during the Milken Institute Global Conference in Beverly…