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WELLS FARGO & CO - ISSUED MEDIUM-TERM NOTES, SERIES W $1 BLN SENIOR REDEEMABLE FLOATING RATE NOTES DUE APRIL 22, 2028
Reuters · 10h ago
MEDIA-Wells Fargo weighs debut risk transfer as banks shore up capital - Bloomberg News
Reuters · 18h ago
ANALYSIS-US consumers on lower incomes face loan stress while banks pull back
US consumers on lower incomes face loan stress while banks pull back. Bank of America's charge-offs rose to $1.5 billion in first quarter from $807 million a year earlier. Household finances for those earning less than $45,000 are deteriorating. Banks are becoming more cautious about lending to consumers on higher incomes.
Reuters · 21h ago
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 · 3d 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 · 4d ago
FACTBOX-What to expect in 2024: Forecasts for GDP, inflation and other assets
Major banks release forecasts for global growth, inflation and other assets in 2024. HSBC, BofA Global Research, Wells Fargo Investment Institute provide forecasts for 2024. Forecasts come as major central banks across the globe have indicated interest rate cuts this year. U.S. Consumer prices are expected to rise more than expected in March.
Reuters · 4d 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 · 4d 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 · 4d ago
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