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The Latest Breaking News from Wells Fargo

Real estate slump hits home as Wells Fargo axes hundreds of mortgage bankers days after taking some on a California retreat

Several Wells Fargo mortgage bankers were at a retreat at Palm Desert just a few weeks ago. Now, many of them have lost their jobs.

Fortune

Stocks Edge Higher, Nvidia, Moderna, eBay, Wells Fargo In Focus - Five Things To Know

Stock futures higher on Fed minutes relief, tech boost; Nvidia shares surge as AI chip demand powers solid sales outlook; Moderna earnings on deck as drugmaker looks past vaccine growth; eBay shares slump as muted outlook offsets Q4 earnings beat and Wells Fargo cutting more mortgage jobs as market extends…

The Street

Serial Bay Area bank robber charged with robbing banks days after he was sentenced in bank robbery case

SAN FRANCISCO — Last November, New Jersey native Christian Plummer was released from jail after being sentenced to two years in federal prison for robbing six banks around the Bay Area.

Tribune News Service

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Zillow says the home price correction is winding down—here’s what 28 other forecast models have to say

Fortune once again tracked down the latest home price forecasts from 29 of the nation's leading real estate researchers.

Fortune

Payday Friday is becoming payday Wednesday, thanks to banks and credit unions

Payday Friday is increasingly coming one or two days early — on Wednesday or sometimes Thursday.

Tribune News Service

Wells Fargo didn't act after an LA executive was raped by her boss, lawsuit alleges

Content warning: This story includes descriptions of sexual assault.

Los Angeles Times

Philly employers are desperately seeking tech workers even as Silicon Valley giants are laying off thousands

Major layoffs at big technology companies have dominated national headlines in recent months, seemingly portending doom and gloom for tech workers. But the reality for most companies, including Philadelphia employers, is a continuing shortage of skilled technologists and a desire to hire more.

The Philadelphia Inquirer

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Labor force participation among Black workers has returned to pre-pandemic levels

Unemployment among Black Americans fell to 3.4% in January, while labor force participation hit pre-pandemic levels

Fortune

Lawsuit Accuses Wells Fargo of Failing to Protect Female SVP from Sexual Harassment

"Wells Fargo is not some mom-and-pop," the West Coast Trial Lawyers attorney representing the case told TheStreet.

The Street

Why may Amazon be interested in NFTs?

The online retail giant’s tendrils extend from web hosting to health care. Does an investment in NFTs make sense?

Fortune

National home prices have further to fall, say 24 leading housing market researchers—while 5 firms think prices have bottomed

Fortune tracked down the latest home price forecasts from 29 of the nation's leading housing researchers.

Fortune

Wells Fargo CEO Passes on Raise: Will 'Only' Make $24.5 Million This Year

Wells Fargo CEO Charlie Scharf cited his bank's 'transformation journey' as the reason he turned down a pay increase.

The Street

Proposed Brazil-Argentina common currency is met with doubts

Market analysts are reacting with deep skepticism to a proposal floated by the leaders of Brazil and Argentina to launch a common currency

The Independent UK

Upcoming & Established Content Including Flagship Shows Making Investments Valuable For Netflix

Streaming giant Netflix Inc went public in 2002 and now today is growing with a stream of content with high viewership.

Zenger

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The Street

How Wells Fargo May Finally Pay for How it Treats Customers

The struggling bank which has had multiple high-profile scandals has an other major issue looming.

Fortune

Jumbo loans explained

Jumbo loans are used for purchases that exceed conforming loan limits, but they can be harder to qualify for.

The Street

Sen. Elizabeth Warren Tweets Shot at Bank of America, Zelle After Glitch Scares Customers

Some believe banks are not to be trusted with your money -- that between the size of a financial institution and the trustworthiness of its employees at every level, there's something about them that generates a sense of unease. While not everyone agrees with that perspective,some of the news about…

Investors Business Daily

Pfizer Stock Dives As Analyst Calls For 'Covid Reset' And Downgrades Shares

Pfizer stock needs a "Covid reset," a Wells Fargo analyst said as he downgraded shares this week. In response, shares slipped Tuesday.

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The Street

Wells Fargo Stock Slides As Analysts Weigh-In On Q4 Earnings Beat

A pair of analysts' downgrades has Wells Fargo stock trading lower Tuesday following last week's better-than-expected fourth quarter earnings.

The Street

Wells Fargo Tries to Give Customers Perks Other Banks (Mostly) Don't

The embattled bank is seeking to regain the public's trust -- and savings.

Investors Business Daily

Dow Jones Gains; 3 Warren Buffett Stocks Eye Buy Points; Tesla Falls On This, Apple Stock Pops

The Dow Jones reversed higher. Tesla stock was forced lower. A trio of Warren Buffett stocks are eyeing buy points. Apple stock popped.

Fortune

Jamie Dimon is waffling on his economic ‘hurricane’ take yet again. His bank is now calling a ‘mild recession’ later this year

Wall Street banks are building cash reserves to cope with a “mild recession.” It’s a more optimistic outlook than some CEOs have previously offered.

The Street

JPMorgan, Wells Fargo: Trading the Bank Stocks on the Earnings Reports

JPMorgan, Wells Fargo, Bank of America and Citigroup all opened lower on Friday after reporting earnings.

AFP

Big US banks report mixed earnings and gird for 'mild recession'

New York (AFP) - Major US banks reported mixed fourth-quarter results Friday as executives pointed to the rising odds of a "mild recession," with inflation and interest rate hikes challenging households and businesses.

Investors Business Daily

Dow Jones Falls 250 Points As JPMorgan Slides On Earnings; Tesla Dives On Price Cuts

The Dow Jones Industrial Average fell 250 points Friday, as JPMorgan sold off on earnings. Tesla stock dived on U.S. and European price cuts.

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