Banking & Finance

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Suggested Resignation Letter for Wells Fargo CEO John Stumpf

To: The Board of Directors, Wells Fargo & Company (NYSE: WFC): My role in handling the wide-ranging issues stemming from the fraudulent opening of customer accounts has become a distraction ...
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The Worst US Consumer Banks

The recent $185 million fine assessed on Wells Fargo & Co. (NYSE: WFC) and the subsequent congressional hearings have deservedly put the big bank squarely in the media spotlight. But ...
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Why JPMorgan Adding Warren Buffett Investment Manager to Board Matters So Much

If there is one thing a company can do to signal just how solid an underlying business is, one of the top "best" things would be to get a deal ...
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Bernie Sanders Asks If Wells Fargo Incident Has Triggered Criminal Referrals to Justice Department

Perhaps another nail in the coffin of Wells Fargo & Co. (NYSE: WFC) CEO John Stumpf. Bernie Sanders, former presidential candidate and United States Senator from Vermont wants to know ...
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Was a Wells Fargo Upgrade This Fast Really Warranted?

When scandals break, losses and opportunities can both arise. It has been without argument that Wells Fargo & Co. (NYSE: WFC) has seen its image smeared and tainted after its ...
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Deutsche Bank Rebuffs US Effort to Fine It $14 Billion — Bloomberg

According to Bloomberg, Deutsche Bank A.G. (NYSE: DB) has just turned down a request by the U.S. government to fine it $14 billion for its role in the financial debacle ...
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At Home Scores on Q2 Earnings

When At Home Group Inc. (NYSE: HOME) reported its fiscal second-quarter financial results after the markets closed on Tuesday, it posted $0.13 in earnings per share (EPS) on $188.4 million ...
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Fraud Costs Wells Fargo Shareholders $10 Billion

Wells Fargo & Co.'s (NYSE: WFC) shares have fallen so much from when the fraud was disclosed, which cost 5,200 employees their jobs and the bank suffered $185 million in fines, ...
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Wells Fargo Enters the Penalty Box

Wells Fargo & Co. (NYSE: WFC) is supposed to be the best run and most insulated bank from many of the current industry woes. The bank is supposed to have ...
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Best States to Have Money in the Bank

It is hard to say whether hacking, number of branches, extra fees or troubles like those at Wells Fargo & Co.(NYSE: WFC) are the greatest danger to consumers. MoneyRates.com thinks ...
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US Consumer Borrowing Rose $18 Billion in July

The Federal Reserve on Thursday released its preliminary report on consumer credit for the month of July 2016. On a seasonally adjusted basis, consumer credit rose 5.8% in the month, ...
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The Case That Credit Card Agreements Are More Confusing Than Skyscraper Architect Drawings

CreditCards.com has posted a study that shows that credit card agreements are so complex that people need an education well beyond what most Americans attain. The point is that your bank or ...
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CME, NYSE Are the World’s Most Valuable Stock Exchange Brands

Compared to establishing the brand value of a company, valuing a company's assets is a piece of cake. After all, if a thing physically exists, someone, somewhere will be able ...
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Europe’s Banks Need to Merge, Get Bigger

With interest rates remaining very low — and no end to the low-rate regime in sight — banks of all sizes are having a hard time making a profit. John ...
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Why a September Rate Hike Could Power 4 Bank Stocks Higher

Not many sectors are positive on rate hikes, but one that is has been on a solid run since the end of June, and it may be ready to really ...
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