Wells Fargo & Co won the dismissal of one lawsuit. Much of a second accusing the fourth-largest bank. The lawsuits sought hundreds of millions of dollars in damages over Wells Fargo’s role. They are part of a slew of litigation over the last decade. Wells Fargo and Co on Tuesday won the excusal of one … Read more
The largest U.S. banks pass the Federal Reserve’s annual stress test. Results pave the way for them to issue share buybacks and dividends. 34 lenders with more than $100 billion in assets would suffer a combined $612 billion in losses under this year’s scenario. The average capital ratio for the 34 banks was 9. That … Read more
US stocks soar as a result of earnings from JP Morgan chase and other banks Financial backers enjoyed some time off from selling in May and disappearing, for one day at any rate. Stocks took off Monday, as a certain report about income from banking force JPMorgan Chase and remarks from President Joe Biden about … Read more
Wells Fargo held fake job interviews even after positions were filled A previous chief at Wells Fargo bank is asserting that the organization held “fraud” employee interviews for minority candidates for places that had proactively been filled and says he was terminated for focusing with regards to this issue. Joe Bruno, a previous leader in … Read more
