U.S. Treasury Secretary Steven Mnuchin said on Friday that he believes financial markets could improve “significantly” once they fully reflect the potential for U.S. economic growth from President Donald Trump’s economic policies.
The number of Americans filing for unemployment benefits unexpectedly rose last week, but remained below a level associated with a strengthening labor market.
Wells Fargo & Co. saw a drop in consumers opening checking and credit card accounts in February, the bank said on Monday, marking the sixth straight month of decline since a sales scandal rocked the bank last year.
Bank of America Corp. Chairman and CEO Brian Moynihan will once again face a shareholder vote on whether he should maintain both roles, according to the bank’s proxy filing on Wednesday.
President Donald Trump will ask the U.S. Congress for dramatic cuts to many federal programs as he seeks to bulk up defense spending, start building a wall on the border with Mexico and spend more money deporting illegal immigrants.
The Federal Reserve is expected to raise interest rates for the second time in three months on Wednesday, encouraged by strong monthly job gains and confidence that inflation is finally rising to its target.
Wells Fargo & Co., Royal Bank of Scotland Group Plc. and Deutsche Bank AG have reached a $165 million class-action settlement over their underwriting for the now-bankrupt subprime lender NovaStar Mortgage Inc.
The Federal Reserve, which has struggled to stoke inflation since the financial crisis and up until now raised rates less frequently than it and markets expected, may be about to hit the accelerator on rate hikes.
Merrill Lynch, a unit of Bank of America Corp., may not entirely do away with its commission-based retirement accounts, after Trump ordered the Labor Department last month to delay the proposed retirement-savings rule.
The number of Americans filing for unemployment benefits last week rebounded from a near 44-year low, but the labor market continues to tighten amid a sharp drop in job cuts in February.
Wells Fargo & Co. named Allen Parker general counsel on Monday, at a time when the third-largest U.S. lender looks to restore its battered reputation following a scandal over phony accounts.
The number of Americans filing for unemployment benefits fell to near a 44-year-low last week, pointing to further tightening of the labor market even as economic growth appears to have remained moderate in the first quarter.
New U.S. single-family home sales rose less than expected in January, likely hurt by flooding in California, but continued to point to a strengthening housing market despite higher prices and mortgage rates.
Wells Fargo & Co. has fired four mid-level executives and stripped them of bonuses and stock awards as a result of an investigation into improper sales practices in its retail bank, the company announced on Tuesday.
When a scandal over unauthorized accounts rocked Wells Fargo & Co.’s retail division last fall, executives at its asset management arm sprang into action to limit its fallout at an already tough time for their business.
Outlets of Santander Bank, already under fire for lending practices, denied mortgages to women, minorities and low-income borrowers in the U.S. Northeast more frequently than nearby banks, according to an analysis by an industry reform group on Thursday.
JPMorgan Chase & Co. is gradually introducing a digital mortgage platform where customers can apply online and track mortgage applications by mobile phone.
U.S. homebuilding fell in January as the construction of multifamily housing projects dropped, but upward revisions to the prior month’s data and a jump in permits to a one-year high suggested the housing recovery remained on track.
President Donald Trump’s review of post-crisis banking rules could sound the death knell for new global standards now being finalized and rip apart a common approach to regulating international lenders, bankers and regulators said.
President Donald Trump will huddle with chief executives of major U.S. companies on Friday as the business community finds itself increasingly split over how to respond to his policies.