Wells Fargo to forego asset management unit to private equity for $2.1 billion
Wells Fargo has been underperforming for the past few years and has undertaken cost-cutting and restructuring to improve...
Wells Fargo terminates 100 employees for siphoning relief aid from SBA
Evidence has regularly come out of how the stimulus package floated by the government under the CARES Act has been wildl...
Wells Fargo names Charles Scharf new CEO
Wells Fargo & Co on Friday announced Charles Scharf, the CEO of Bank of New York Mellon, as its successor. The bank...
Blackstone Bids $2.38 billion for Investa
For the last few weeks, Industry Leaders Magazine has found itself running a Blackstone acquisition deal almost every we...
Google Launches Android Pay, Its Mobile Payments Service in the US
On Thursday, Google announced the official launch of Android Pay, a move to grab a chunk of the growing market for mobi...
Fed Proposes Tougher “Capital Surcharge” for Lower Risk to Big Banks
The Federal Reserve plans to hit the biggest U.S. banks with a tougher version of capital surcharge than that agreed by ...
Citigroup’s Q1 Profits Recoiled to $2.9 Billion
Citigroup made profits of $2.9 billion in the first three months of the year. Citigroup said that it had been helped by ...
Goldman, Wells Fargo to Face SEC Scrutiny
The federal regulators warned Goldman Sachs Group Inc. and Wells Fargo & Co., the biggest U.S. home lender, of faci...
