Wells Fargo

Three major US banks —JPMorgan Chase & Co., Wells Fargo & Co. and Goldman Sachs Group Inc.—reported earnings results for the first quarter of 2021.

Wells Fargo has been underperforming for the past few years and has undertaken cost-cutting and restructuring to improve its numbers. Wells Fargo plans to cut $8bn from its annual

Evidence has regularly come out of how the stimulus package floated by the government under the CARES Act has been wildly misused by large corporate houses and even senators for pa

Wells Fargo & Co on Friday announced Charles Scharf, the CEO of Bank of New York Mellon, as its successor. The bank’s interim CEO Allen Parker will continue to serve the seat

For the last few weeks, Industry Leaders Magazine has found itself running a Blackstone acquisition deal almost every week. Earlier this month, the US multinational private equity

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 giant announced in a blog post tha

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 they remain less of a “too bi

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 internat

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 sec