Wells Fargo

Urinating case: Air India imposes four-month flying ban on Shankar Mishra

Air India has said there was an error of judgment on part of its cabin crew and ground staff to identify the pee-on-board incident as a breach of discipline and it could have been handled better

Wells Fargo tops Q4 profit expectations, records revenue of $19.66 billion

Wells said the losses related to the regulatory matters were equal to about 70 cents per share

Report improper behaviour during flights promptly: Air India CEO to staff

DGCA issues advisory on unruly behavior in aircraft

Air India 'pee-gate': Wells Fargo terminates accused Shankar Mishra

Shankar Mishra, the man accused of urinating on an elderly female co-passenger onboard a New York-New Delhi flight in November last year, has been sacked by his employer Wells Fargo

Wells Fargo to pay $3.7 bn to settle charges of consumer law violations

Consumer banking giant Wells Fargo agreed to pay $3.7 billion to settle a laundry list of charges that it harmed consumers by charging illegal fees and interest on auto loans and mortgages, as well as incorrectly applied overdraft fees against savings and checking accounts. The Consumer Financial Protection Bureau on Tuesday ordered Wells to repay $2 billion to consumers and enacted a $1.7 billion penalty against the bank. It's the largest fine to date against any bank by the CFPB and the largest fine against Wells, which has spent years trying to rehabilitate itself after a series of scandals tied to its sales practices. Regulators made it clear, however, that they believe Wells Fargo had not done enough to clean up its act. Put simply: Wells Fargo is a corporate recidivist that puts one out of three Americans at risk for potential harm, said CFPB Director Rohit Chopra, in a call with reporters. Chopra said this pattern of behavior made make it necessary for regulators to take ...

Profits of four big banks decline as deal-making, mortgages slacken

The results from Citigroup, Goldman Sachs, Morgan Stanley and Wells Fargo were similar to the results out of JPMorgan Chase, which on Wednesday reported a double-digit decline in profits

Warren Buffett's top stock last year was the bank he's been bailing on

Wells Fargo & Co. shares delivered a total return of 61% last year, outpacing every other company listed in the most recent public snapshot of Berkshire Hathaway Inc.'s portfolio, as of Sept. 30

Wells Fargo Q4 profit beats estimates on cost cuts, loan demand

(Reuters) -Wells Fargo & Co on Friday beat analysts' estimates for fourth-quarter profit as a rebound in U.S. economic growth encouraged more customers to take loans and the bank kept a tight lid on costs.

US banks beat profit estimates on economic rebound, deals bonanza

JPMorgan Chase & Co, Citigroup, Wells Fargo & Co and Bank of America Corp reported a combined profit of $28.7 billion for the third quarter, beating analyst estimates

Powell says Wells Fargo asset cap to stay in place until problems fixed

A Wells Fargo spokeswoman did not immediately respond to a request for comment

Wall Street banks hike shareholder payouts after Fed gives the green light

Morgan Stanley, JPMorgan, Bank of America, Goldman Sachs and Wells Fargo said they were hiking their capital payouts after the US Federal Reserve gave them a clean bill of health

Wall Street CEOs get heat from Congress over social justice, fees & wokeism

the Wall Street bosses frequently found themselves under fire from both sides of the aisle, Democrats and Republicans

Wall Street bank CEOs to tout US Covid relief push before Congress

Wall Street bank chiefs will tout the role their institutions have played in getting the pandemic-hit US economy back on track when they appear before Congress this week

Global finance majors rush with Covid aid; Citibank to donate Rs 200 crore

With India continuing to reel under the second wave of COVID-19 infections, multinational financiers pitched in with relief efforts on Wednesday, led by a Rs 200 crore commitment by Citibank

Wells Fargo profit beats Wall Street estimates as credit costs stabilize

(Reuters) - Wells Fargo & Co reported first-quarter profit ahead of Wall Street estimates on Wednesday as the bank set aside less money to cover soured loans.

Wells Fargo says no losses from Archegos downfall

(Reuters) - Wells Fargo & Co said on Tuesday it had a prime brokerage relationship with Archegos Capital and it did not experience any losses related to the closing of its exposure.

Wells Fargo sells asset management biz for $2.1 billion to reshape bank

The company agreed to sell Wells Fargo Asset Management to private equity firms GTCR LLC and Reverence Capital Partners

Higher costs, weak revenue cloud Citigroup's quarterly profit beat

Citi's profit fell 7% even as its peers JPMorgan and Wells Fargo & Co posted profit growth in the fourth quarter.

Wells Fargo records rare profit beat helped by stabilising credit costs

Wells has operated under a dark cloud since 2016, when details emerged about millions of phony accounts employees had created in customers' names

Wells Fargo in talks to sell asset management business to PE firms: Report

(Reuters) - Wells Fargo & Co is in exclusive talks to sell its asset management business, which manages more than $607 billion on behalf of customers, to a private equity consortium led by GTCR LLC and Reverence Capital Partners LP, according to people familiar with the matter.