Latest Wells Fargo & Co News
Big banks create $30B rescue package for First Republic
NEW YORK (AP) — Eleven of the biggest U.S. banks Thursday announced a $30 billion rescue package for First Republic Bank in an effort to prevent it from becoming the third to fail in less than a week and head off a broader banking crisis. San Francisco-based First Republic serves...
Ex-Wells Fargo exec to plead guilty for role in bank scandal
LOS ANGELES (AP) — A former Wells Fargo Bank executive accused of overseeing a ruse that created millions of bogus customer accounts has agreed to plead guilty to criminal charges likely to send her prison for her role in the scandal. The agreement filed Wednesday in a Los Angeles...
Casinos and consulting? Pandemic spurs tribes to diversify
MASHANTUCKET, Conn. (AP) — When the COVID-19 pandemic shuttered Foxwoods Resort Casino in Connecticut for three months in 2020, its owners, the Mashantucket Pequot Tribal Nation, had to reckon with decades of relying heavily on gambling as the tribe's main source of revenue. “The...
What mortgage company changes mean for your home loan
It’s been a bumpy ride for mortgage companies lately. Some lenders have gone out of business, merged with other companies or narrowed their focus. And more changes are likely in 2023. What does all this mean for borrowers? Here are answers to common questions,...
Wells Fargo 4Q profit falls by half but tops expectations
Wells Fargo’s profit for the fourth quarter came in ahead of Wall Street’s targets but were about half of what it earned last year as the bank had to pay another $3.3 billion in fines and penalties to settle numerous scandals from recent years. Wells earned $2.86 billion, or 67...
Hanesbrands, Wendy's rise; Delta, UnitedHealth fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: Delta Air Lines Inc., down $1.40 to $38.20. The airline gave investors a weak first-quarter earnings forecast. UnitedHealth Group Inc., down $6.10 to $489.57. ...
Axcelis, Axonics rise; CommVault, Ichor Holdings fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Wells Fargo & Co., up 38 cents to $42.74. The bank said it will shrink its home mortgage business. World Wrestling Entertainment Inc., down 74 cents to $89.50. ...
Millennial Money: 5 tactics to pay buy now, pay later debt
Chances are that your “buy now, pay later” bill from the holiday season will arrive soon or has already made its debut. If you’re not financially prepared to pay up, late fees or other charges can bury you deeper in debt. Circumstances can change over a matter of weeks through...
