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Wells Fargo bond saleswoman sues over 'unapologetically sexist' workplace
Wells Fargo bond saleswoman sues over 'unapologetically sexist' workplace. Michal Leavitt says bank steered larger accounts toward men and denied pay and promotions to men. The complaint is the latest in a long line of lawsuits accusing big U.S. Banks of bias against women.
Reuters · 14h ago
LIVE MARKETS-Sticky inflation may have the Fed caught in a web
Main U.S. Indexes gain after stronger-than-expected CPI. Stocks and bonds are sensitive to anticipated levels of inflation and how the Fed may react. Wells Fargo's Scott Wren says the decline in inflation is likely to stall. He says inflation remains well above the Fed's target of 2%.
Reuters · 1d ago
FACTBOX-What to expect in 2024: Forecasts for GDP, inflation and other assets
Reuters · 1d ago
CORRECTED-BREAKINGVIEWS-Wells Fargo has worn its dunce cap long enough
Wells Fargo was prohibited from getting bigger for a series of flagrant customer abuses. John Foley says the bank has worn its dunce cap long enough. He says the $2 trillion cap on assets is costly to Wells Fargo. The bank missed out on $540 billion of deposit growth, he says.
Reuters · 1d ago
Comerica quarterly profit slumps on weaker interest income
Comerica quarterly profit slumps on weaker interest income from customers. High deposit costs have made it costly for banks to retain deposits. Comerica's interest income fell 23% to $548 million in the first quarter. High interest rate environment has hurt other U.S. Banks.
Reuters · 1d ago
UPDATE 1-Citizens' profit slips on weak interest income, expects loans to pick up H2
Reuters · 2d ago
Citizens Financial profit slips on weaker interest income
Citizens Financial's interest income tumbled 12% to $1.44 billion in the first quarter. Banks in the U.S. Have been bracing for a turnaround in gains from interest income. The bank set aside $171 million in provisions for credit losses.
Reuters · 2d ago
RPT-ANALYSIS-US regional banks seen booking more commercial property losses, loan sales
US regional banks seen booking more commercial property losses, loan sales. Banks under pressure after collapse of Silicon Valley Bank and Signature Bank. Most multifamily loans are made by regional banks. CRE holdings are significant across the U.S. Banking industry. Office loans remain the "biggest pain points" for banks.
Reuters · 2d ago
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