Bill Pugliano / Stringer / Getty Images Bloomberg said Warren Buffett may have cut his Wells Fargo holdings because the bank’s board went against his advice and appointed a Wall Street chief. …
Read More »Coronavirus tanked the economy. Then the credit score went up.
Millions of Americans lost their jobs and quit debt payments this year. You might not know that consumers are looking at credit scores. While coronovirus was tarnishing the American economy, Americans’ credit …
Read More »Trump says: ‘I’m ready to sign a big, beautiful provocation’ – but many Americans aren’t banking on it
President Donald Trump is set to sign a “big, beautiful provocation”, he said, including suspicions in the Republican-controlled Senate at Town Hall on Thursday night and earlier this month, when he said …
Read More »Treasury Department encourages banks to prioritize existing customers for PPP loans, house panel
WASHINGTON – According to a report released Friday by the Democratic-led Congressional Oversight Committee, the Treasury Department privately encouraged existing customers to prioritize when issuing loans for the federal government’s small-business coronavirus …
Read More »First citizen to buy CIT group
First Citizen Bancher Inc. FCNCB 16.66% On Friday, it plans to buy CIT Group Inc. CIT 27.30% In an all-stock deal valued at approximately $ 2.2 billion. A combination of First Citizens …
Read More »Wells Fargo Fire employees applying for SBA pandemic loans
‘These wrongdoings were individual actions, and do not involve our customers.’ Wells Fargo’s HR head. Photo: Andrew Seng for The Wall Street Journal Wells fargo wfc -6.02% & Company fired more than …
Read More »Bank of America forecasted Beat’s earnings as to why its stock dropped.
Word size A man on a bicycle is seen in the city of Washington DC as he passes an empty Bank of America banking branch Daniel Slim / AFP via Getty Image …
Read More »Wells Fargo’s earnings hit 56% despite epidemic hit subsidy
Wells Fargo & Company WFC <span>-4.79%</span> Its third-quarter profit fell 56% on Wednesday, though the bank indicated it was prepared for a wave of sour loans. The San Francisco-based lender said it …
Read More »Goldman Sachs third-quarter profit source
Goldman Sachs Group Inc GS -1.55% Of Third quarter profit almost doubled, which is the latest confirmation that even in an epidemic and recession, Wall Street can still make money. Goldman reported …
Read More »Bank of America profits 16%
Bank of america Of Corp. BAC -2.84% Profit fell 16% in the third quarter, although the bank indicated that it prepared well for the Coronavirus recession season. The Charlotte, NC, lender said …
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