Before a sales scandal upended its reputation, Wells Fargo & Co. was something of a proud outsider in Washington and on Wall Street compared to its big bank peers.
U.S. homebuilding fell for a second straight month in August as a rebound in the construction of single-family houses was offset by persistent weakness in the volatile multifamily home segment.
Business owners who are trying to get back on track after hurricanes Harvey and Irma now face a different sort of challenge: trying to recoup lost income from their insurers.
The number of Americans filing for unemployment benefits jumped to its highest level in more than two years last week amid a surge in applications in hurricane-ravaged Texas, but the underlying trend remained consistent with a firming jobs market.
Contracts to buy previously owned homes unexpectedly fell in July, the fourth decrease in five months as the housing market continues to struggle with a shortage of properties coming up for sale.
A homeowner has filed a lawsuit accusing Wells Fargo & Co. of improperly charging thousands of customers nationwide to lock in interest rates when their mortgage applications were delayed.
General Electric Co. wants its industrial software business to cut costs and lift profits next year under new CEO John Flannery, and is considering expanded partnerships and the possible sale of some equity in the unit, according to people familiar with the business.
U.S. authorities have charged two managers at French bank Societe Generale with taking part in a scheme to manipulate the global U.S. dollar Libor benchmark interest rate.
After a turbulent year of anti-globalization backlash, central bankers still argue open borders and free trade are the key to more jobs, growth and prosperity.
JPMorgan Chase & Co. said on Monday it will contribute up to $2 million to fight racism and support human rights in light of a white nationalist rally in Charlottesville, Virginia, that led to violence and the death of a protester.
The Federal Reserve expects sluggish U.S. inflation to rise over the next several months while the hot labor market gets yet hotter, one of the Fed’s most influential officials said on Thursday in comments that reinforce its gradual policy-tightening plan.
U.S. employers hired more workers than expected in July and raised their wages – signs of labor market tightness that likely clears the way for the Federal Reserve to announce next month a plan to start shrinking its massive bond portfolio.
The number of Americans filing for unemployment benefits fell last week, pointing to a tightening labor market that likely keeps the Federal Reserve on course to announce plans next month to start reducing its massive bond portfolio.
A new lawsuit accuses Wells Fargo & Co. of racketeering violations and fraud after the bank admitted to charging several hundred thousand borrowers for auto insurance they did not ask for or need, causing many delinquencies.
Wells Fargo and Co. said it would reimburse about $80 million to 570,000 customers who may have been charged incorrectly due to issues related to auto collateral protection insurance (CPI) policies.
Global banks have said they could move thousands of jobs out of Britain to prepare for Brexit, the country’s planned exit from the European Union.
Morgan Stanley beat Wall Street’s profit expectations on Wednesday, reporting gains across most of its businesses and producing more trading revenue than rival Goldman Sachs Group Inc, a rare feat.
Goldman Sachs Group Inc reported a 40 percent slump in bond trading revenue, mirroring a broader weakness in trading activity that has plagued big U.S. banks in the latest quarter.
Europe’s top banking regulator, the European Central Bank (ECB), is considering carrying out a review of Deutsche Bank’s two largest shareholders, a regulatory source said on Monday.
Wells Fargo & Co. posted a better-than-expected quarterly profit, but revenue fell short of expectations as the lender’s mortgage business continued to remain a dark spot.