Regulators caught Wells Fargo, other banks in probe over mortgage pricing discrimination
Wells Fargo was snared in an industrywide probe into mortgage bankers’ use of loan discounts last year, CNBC has learned.…
Morgan Stanley and Wells Fargo are making headlines. Here’s our take on the news
Wells Fargo (WFC) had to make some tough calls to stay on course with its turnaround plan. It’s one of…
Wall Street CEOs try to convince senators that new capital rules will hurt Americans as well as banks
Wall Street CEOs on Wednesday pushed back against proposed regulations aimed at raising the levels of capital they’ll need to…
Wells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom
Wells Fargo CEO Charlie Scharf said Tuesday that low staff turnover means the company will likely book a large severance…
Swiss bank Banque Pictet admits hiding $5.6 billion of Americans’ money from IRS
A major Swiss bank admitted to conspiring with U.S. taxpayers and others to hide over $5.6 billion from the Internal…
Trump slams JPMorgan CEO Jamie Dimon for praising Nikki Haley
Former President Donald Trump on Thursday ripped Jamie Dimon as an “overrated Globalist” after the JPMorgan Chase CEO praised rival…
What one Swiss bank’s troubles can tell us about market vulnerabilities — and social media
The share price of Julius Baer plummeted after the Swiss private bank disclosed 606 million Swiss francs ($692.7 million) of…
Jamie Dimon says JPMorgan Chase would exit China if ordered to
JPMorgan Chase CEO Jamie Dimon said Wednesday that his bank would exit China if the U.S. government ordered him to.…
Apple is trying to unwind its Goldman Sachs credit card partnership
Apple has given Goldman Sachs a proposal to end its credit card and savings account partnership within the next 12…
