Wells Fargo & Co. WFC, -1.56% said it will pay up to $1.8 billion to the Federal Deposit Insurance Co.’s deposit insurance fund as part of the government’s…
Read more Wells Fargo, Bank of America to pay FDIC up to $3.7 billion combined for bank failure special assessmentJPMorgan Chase & Co. Chief Executive Jamie Dimon on Friday said the U.S. economy was basically doing OK, even if customers were spending “a little more slowly.” But…
Read more The nation’s biggest banks are gearing up for more consumer struggles aheadStocks rose for a fourth day in a row on Thursday, a day ahead of second-quarter earnings from America’s biggest lenders. The Dow Jones Industrial Average DJIA, +0.14%…
Read more S&P 500 ends above 4,500 level for first time in 15 months as stocks gain ahead of bank earningsAt a time when many investors seem euphoric, others are warning that stock valuations have once again turned frothy. It may pay to take a look back at…
Read more Worried that stocks are too expensive? This value approach can highlight bargains.Major U.S. banks including Morgan Stanley and JPMorgan Chase & Co. announced dividend increases late Friday, in the wake of the results of the Federal Reserve’s latest bank…
Read more JPMorgan, Goldman, Citi and Morgan Stanley boost dividends after Fed stress testsThe U.S. Federal Reserve said Wednesday that all 23 banks in this year’s stress tests withstood a hypothetical “severe” global recession and losses of up to $541 billion…
Read more Fed stress tests see large banks able to handle recession and slide in commercial real estate pricesGoodbye pandemic refi cash-outs. Hello HELOCs? Home-equity lines of credit (HELOCs) and second-lien mortgages have been staging a notable comeback as U.S. homeowners look for liquidity and ways…
Read more HELOCs are back. Cash-strapped borrowers are tapping into a $33 trillion pile of home equity.Wells Fargo & Co. has agreed to pay $1 billion to settle a shareholders lawsuit related to its 2016 fake-accounts scandal, according to the Wall Street Journal. Citing…
Read more Wells Fargo settles shareholder lawsuit for $1 billion: reportU.S. stocks closed mostly higher Monday, as bank shares climbed after First Citizens BancShares Inc. FCNCA, +53.74% agreed to buy failed Silicon Valley Bank’s deposits and loans. The…
Read more U.S. stocks end mostly higher as banks helped buoy S&P 500 after First Citizens dealU.S. stocks finished Friday higher, despite a jump in the cost of Deutsche Bank’s credit-default swaps helping to reignite banking-sector worries. The Dow Jones Industrial Average, S&P 500…
Read more U.S. stocks end higher, S&P 500 books back-to-back weekly gains despite bank jitters spurred by Deutsche BankBank of America BAC, Citigroup C, JPMorgan Chase JPM and Wells Fargo WFC said Thursday that they are each making $5 billion in uninsured deposits into First Republic…
Read more First Republic gets $30 billion in deposits from 11 major U.S. banks, but stock resumes slide as it suspends dividendU.S. bank stocks ended regular trading with solid gains on Thursday, as banks announced a $30 billion deposit capital infusion for First Republic Bank and as Treasury Secretary…
Read more U.S. bank stocks end with solid gains as 11 banks pledge $30 billon to First RepublicU.S. stocks finished higher Friday, as investors weighed a flurry of bank earnings results for the fourth quarter and fresh data on consumer sentiment and inflation expectations. All…
Read more Dow closes up more than 100 points as earnings season begins, stocks book best week of gains in 2 monthsWells Fargo said late Tuesday it was shrinking its home-mortgage business, aiming to serve its own bank customers as well as people in “minority communities.” Wells Fargo WFC,…
Read more Wells Fargo, once a mortgage giant, shrinks home-lending businessThe Consumer Financial Protection Board on Tuesday said it is requiring Wells Fargo & Co. to pay $3.7 billion as a result of alleged widespread mismanagement of auto…
Read more Wells Fargo ordered to pay $3.7 billion for alleged mismanagement of auto loans, mortgages and deposit accountsJPMorgan Chase & Co. shares rose Friday after the megabank beat analyst targets for third-quarter profit and revenue and said it would top forecasts for its net interest…
Read more JPMorgan profit falls but beats estimates while Wells Fargo misses
