Wells Fargo to forego asset management unit to private equity for $2.1 billion

Wells Fargo to forego asset management unit to private equity for $2.1 billion

By Anna Domanska - Feb 24, 2021

Wells Fargo has been underperforming for the past few years and has undertaken cost-cutting and restructuring to improve...

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Wells Fargo terminates 100 employees for siphoning relief aid from SBA

Wells Fargo terminates 100 employees for siphoning relief aid from SBA

By Christy Gren - Oct 15, 2020

Evidence has regularly come out of how the stimulus package floated by the government under the CARES Act has been wildl...

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Wells Fargo names Charles Scharf new CEO

Wells Fargo names Charles Scharf new CEO

By Christy Gren - Sep 27, 2019

Wells Fargo & Co on Friday announced Charles Scharf, the CEO of Bank of New York Mellon, as its successor. The bank‚...

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Blackstone Bids $2.38 billion for Investa

Blackstone Bids $2.38 billion for Investa

By Anna Domanska - May 28, 2018

For the last few weeks, Industry Leaders Magazine has found itself running a Blackstone acquisition deal almost every we...

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Google Launches Android Pay, Its Mobile Payments Service in the US

Google Launches Android Pay, Its Mobile Payments Service in the US

By Anna Domanska - Sep 11, 2015

On Thursday, Google announced the official launch of Android Pay, a move to grab a chunk of the growing market for mobi...

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Fed Proposes Tougher ‚ÄúCapital Surcharge‚ÄĚ for Lower Risk to Big Banks

Fed Proposes Tougher ‚ÄúCapital Surcharge‚ÄĚ for Lower Risk to Big Banks

By Anna Domanska - Sep 10, 2014

The Federal Reserve plans to hit the biggest U.S. banks with a tougher version of capital surcharge than that agreed by ...

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Citigroup’s Q1 Profits Recoiled to $2.9 Billion

Citigroup’s Q1 Profits Recoiled to $2.9 Billion

By Dhwani Shah - Apr 17, 2012

Citigroup made profits of $2.9 billion in the first three months of the year. Citigroup said that it had been helped by ...

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Goldman, Wells Fargo to Face SEC Scrutiny

Goldman, Wells Fargo to Face SEC Scrutiny

By Dhwani Shah - Feb 29, 2012

The federal regulators warned Goldman Sachs Group Inc. and Wells Fargo & Co., the biggest U.S. home lender, of faci...

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