Wells Fargo CEO John Stumpf told Jim Cramer that he plans to lead his company through recent allegations of abusive account opening practices.
You could get dinged on compensation, or even knocked out of contention for a job, by a corporate scandal you had nothing to do with.
Citigroup said third-quarter markets revenue will be up in the “mid single digits” range from a year earlier, led by rates and currencies trading.
Troubles in the energy industry have presented opportunities for bond investors thirsting for yields.
Jim Cramer spoke with Wells Fargo CEO John Stumpf, who says he holds himself accountable for the alleged abusive sales tactics of his company.
UBS' Dawn Fitzpatrick said that the markets are overly focused on central banks and should pay more attention to political catalysts.
The SEC alleges that from at least January 2012 to September 2014, Backus was not trading in the same stocks recommended by his services as he claimed.
A new firm at the top.
Warren Buffett had $1.4bn wiped from his fortune Tuesday after Wells Fargo fell 3.3% as the fallout continued from revelations that bank employees had opened more than 2m accounts without clients’ approval.
Bank of New York Mellon has appointed David Cruikshank as chairman of Asia-Pacific, replacing Stephen Lackey who becomes vice chairman of BNY Mellon Pennsylvania.
A brief rally in the pound was quickly reversed on Wednesday after the government refused to make tariff-free access to the European Union’s single market a red line in Brexit negotiations with Brussels.
The Federal Reserve’s decision not to increase rates in September was a close call, the minutes released on Wednesday show.
Tim Sloan was elected Wells Fargo's new CEO late Wednesday after former CEO John Stumpf retired.