Wells Fargo said on Friday that its second-quarter earnings fell 48% from the same period last year as a result of the bank setting aside money for bad loans and being hurt by decreases in its equ...
As the economic rebound gives way to a potential recession, big U.S. banks' second quarter profits are anticipated to decline dramatically from a year earlier on increasing loan loss reserves. ...
Top Credit Cards to apply for A credit card is a small rectangular piece of plastic or metal provided by a bank or financial services business that enables ...
US banking giant Wells Fargo has continued to play its part in ensuring that small businesses with great potential grow beyond their current state. Last month, the bank set aside $20 million to h...
Banking giant Wells Fargo wrote to customers on Thursday that it was shuttering all personal lines of credit in the coming weeks, and will no longer offer the product.The news sparked mixed feelings a...
Wells Fargo has fulfilled the pledge it made last year to invest $50 million in Black-owned banking institutions.In a press statement released yesterday, the company disclosed that it made equity-capi...
M&F Bank (OTCMKTS: MFBP) has received equity investments from four of the largest U.S. banks, which will help the bank grow its franchise and serve its underserved customers better.Betwe...
Wells Fargo & Co has invested in six Black-owned banks as part of its $50 million pledge program to support minority-focused lenders. The banking giant will assign specific teams to provide the le...
After years of creating millions of fake accounts for profit, Wells Fargo agreed to settle claims in February 2020. The bank will pay $3 billion to settle claims linked to its years of fraud, with an ...
Wells Fargo wrote in a memo Wednesday that more than 100 employees were fired for engaging in Covid-19 relief fund fraud.The Covid-19 relief funds were set aside for small businesses that were affecte...