Tag: Wells Fargo & Co
Citigroup considers deep job cuts in Project Bora Bora
When Citigroup CEO Jane Fraser announced in September that her sweeping corporate overhaul would result in an undisclosed number of layoffs, a jolt of [...]
Big banks cut thousands of jobs, more layoffs coming
Pedestrians walk along Wall Street near the New York Stock Exchange in New York.Michael Nagle | Bloomberg | Getty ImagesThe largest American banks hav [...]
Bank of America (BAC) earnings 3Q 2023
Brian Moynihan, CEO of Bank of America, testifies during a Senate Banking, Housing, and Urban Affairs Committee hearing, Sept. 22, 2022.Tom Williams | [...]
Wells Fargo WFC Q3 2023 earnings
A Wells Fargo customer uses the ATM at a branch in San Bruno, California, on Aug. 8, 2023.Justin Sullivan | Getty ImagesWells Fargo on Friday surpasse [...]
Citigroup (C) Q3 earnings report
Citigroup reported its third-quarter results on Friday morning, with solid growth in both institutional clients and personal banking fueling higher-th [...]
JPMorgan Chase (JPM) earnings 3Q 2023
Jamie Dimon, chairman and CEO of JPMorgan Chase, at the U.S. Capitol for a lunch meeting with the New Democrat Coalition in Washington, D.C., June 6, [...]
Bank earnings kick off after another period of rising rates, bad loans
Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters [...]
Zions, Comerica at risk of being booted from S&P 500
A customer enters Comerica Inc. Bank headquarters in Dallas, Texas.Cooper Neill | Bloomberg | Getty ImagesThe stock selloff that hit regional banks th [...]
U.S. Latino economic output grows to $3.2 trillion, new study says
The U.S. Latino economy continues to grow, reaching $3.2 trillion in 2021, up from $2.8 trillion the year prior, according to a new report by the Lati [...]
Citigroup CEO Jane Fraser reorganizes business
Citigroup CEO Jane Fraser announced a corporate reorganization Wednesday, saying the move would cut down management layers and accelerate decisions.Fr [...]
Goldman Sachs is in the spotlight as Arm, Instacart test IPO market
David Solomon, Goldman Sachs interview with David Faber, September 7, 2023.CNBCThe return of large tech IPOs this week after a prolonged drought isn't [...]
Wells Fargo, other Wall Street banks fined $549 million for record keeping failures
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, testifies before the Senate Banking, Housing and Urban Affairs Committee during a [...]
Wells Fargo announces $30 billion buyback, shares rise
Wells Fargo building in San Francisco.Source: CNBCWells Fargo shares popped Tuesday after the bank said it would buy back $30 billion in stock.The com [...]
Goldman Sachs (GS) earnings 2Q 2023
Goldman Sachs on Wednesday posted profit below analysts' expectations amid write-downs tied to commercial real estate and the sale of its GreenSky len [...]
Bank of America (BAC) earnings 2Q 2023
Brian Moynihan, CEO of Bank of America Corp., during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., Sept. 22, 2022 [...]