, 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’s interim CEO …
, 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 week. Earlier this month, the US …
, 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 mobile payments. The search …
, 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 international regulators, so …
, 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 record revenue from processing transactions for its international clients and more customers repaying loans on time. Revenue fell 2 percent to $19.4 billion from the year-ago quarter.
, 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 facing civil assertions attached to sales of mortgage-backed securities. The companies have been told that the U.S. Securities and Exchange Commission may take legal action against them in civil court over allegedly careless revelations of the risks of subprime mortgage bonds united to the financial crisis.
