Brad Lander freezing deposits at Capital One and KeyBank for not providing...
Woke Comptroller Brad Lander and the rest of the city's Banking Commission is freezing city deposits at two major banks for failing to deliver plans of how they’re trying to weed out discrimination.
View ArticleJPMorgan beats expectations with $14B profit boosted by First Republic...
JPMorgan on Friday announced the Wall Street giant raked in $14 billion in profit in the second quarter -- despite CEO Jamie Dimon's dire economic predictions.
View ArticleUS regulators fine Wall Street firms $549 million in latest texting probe
US regulators on Tuesday fined nine Wall Street companies, including Wells Fargo, BNP Paribas and Société Générale $549 million over employees’ use of personal messaging apps to discuss deals, trades...
View ArticleWells Fargo pays $35M fine for charging excessive advisory fees: SEC
Wells Fargo has reportedly been overcharging nearly 11,000 investment accounts over the past decade. Without admitting to the violation, the bank agreed to pay the SEC $35 million.
View ArticleEx-Wells Fargo exec Carrie Tolstedt avoids prison time in fake-accounts scandal
Carrie Tolstedt was sentenced to three years' probation and six months of home confinement.
View ArticleWells Fargo to buy NYC Neiman Marcus space at Hudson Yards for $550M: report
The bank is planning to convert the 400,000 square feet of space at 20 Hudson Yards into offices, according to Bloomberg News.
View ArticleAnguished family of Wells Fargo employee who leaped to his death fumes at...
The bank didn't bother to have any executives represent the company at the funeral, according to Greg Beckett's brother, Dave.
View ArticleMajor US banks slammed with deposit delays
Bank of America, Wells Fargo, Chase are among the banks affected by the deposit processing issue.
View ArticleWells Fargo employees seek to form union in labor’s rare foray into finance...
Wells Fargo employees at two of the bank's branches filed for union elections on Monday, laying the groundwork for potential unionization in an industry that has largely been immune to such labor...
View ArticleWells Fargo expansion at 20 Hudson Yards continues late-year commercial lease...
We weren’t exaggerating when we recently foresaw a “rolling thunder” cavalcade of large new office deals by year’s end. But the largest was one we didn’t see coming: a 445,000 square-foot expansion by...
View ArticleWells Fargo CEO warns severance costs could hit $1B this quarter as more...
Wells Fargo CEO Charles Scharf warned severance costs this quarter could hit nearly $1 billion as the mega bank prepares for fresh layoffs in the coming year. “We’re looking at something like $750...
View ArticleWells Fargo employees in New Mexico vote to join union in historic first at a...
The landmark vote makes the San Francisco-based lender the first big US bank with a union, marking a rare win for such efforts in an industry that has largely been immune to them.
View ArticleJPMorgan posts record profits for 2023 despite drop in fourth quarter
JPMorgan Chase's total net income for the year came in at $49.6 billion, the most ever in the history of American banking.
View ArticleMost millennials think it’s important to ‘appear’ rich, more than any other...
Millennials more than any other generation think it's important to "look or appear" financialle successful, according to a recent Wells Fargo study.
View ArticleCitigroup CEO Jane Fraser will have to pull off the restructuring of the...
It seems almost unfathomable that there was time — and not that long ago — that Citigroup was the model financial services firm.
View Article3 ‘little rascals’— one as young as 11 — arrested for Houston-area Wells...
“Because they are juveniles, their names and no additional details will be released,” the bureau wrote in a post on X.
View ArticleParents turned in 2 boy bank robbers dubbed ‘little rascals’ to police: cops
The third "little rascal" was nabbed after getting into a fight.
View ArticleCiti to lay off 430 employees in New York across different divisions
Citigroup will lay off 430 employees across different divisions in New York, the bank disclosed in filings with the State Department of Labor on Monday.
View ArticleJamie Dimon again warns about ‘uncertain’ year ahead as JPMorgan profit rises
JPMorgan, the nation’s largest bank, earned a profit of $13.42 billion. Wells Fargo and Citigroup earnings declined.
View ArticleWells Fargo accused of sexual discrimination, ‘unapologetically sexist’...
Wells Fargo (WFC.N), was accused of sex discrimination in a lawsuit by a bond saleswoman who said the fourth-largest U.S. bank denied pay and promotions available to men and tolerated an...
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