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  • Wells Fargo to onboard active cryptocurrency strategy for rich clients May 20, 2021 05:36 PM IST

    Wells Fargo to onboard active cryptocurrency strategy for rich clients

    Wells Fargo & Co said on Wednesday its investment institute is planning to evaluate and onboard an actively managed cryptocurrency strategy fo..

  • Wells Fargo CEO Charlie Scharf to unveil cost-cutting plan Jan 14, 2021 08:05 PM IST

    Wells Fargo CEO Charlie Scharf to unveil cost-cutting plan

    Scharf started making changes shortly after taking the helm in October 2019, though he has not yet provided firm targets or timelines for progress.

  • Wells Fargo explores sale of asset management business Oct 23, 2020 01:04 PM IST

    Wells Fargo explores sale of asset management business

    Wells Fargo's asset management arm, which managed $578 billion on behalf of customers as of the end of June, could fetch more than $3 billion in a sale, sources told Reuters

  • Warren Buffett’s Berkshire Hathaway slashes Wells Fargo, JPMorgan stakes; adds Barrick Gold Aug 16, 2020 08:28 AM IST

    Warren Buffett’s Berkshire Hathaway slashes Wells Fargo, JPMorgan stakes; adds Barrick Gold

    In a regulatory filing detailing its US-listed investments as of June 30, Berkshire also disclosed a new 20.9 million share investment worth $563.6 million in Toronto-based Barrick Gold Corp, one of the world’s largest mining companies.

  • Wells Fargo moves jobs abroad after US layoffs, government says Dec 21, 2018 09:05 AM IST

    Wells Fargo moves jobs abroad after US layoffs, government says

    The bank has shifted to a foreign country the supply of a service like or directly competitive with the service supplied by the workers, the TAA determination said.

  • Wells Fargo quarterly profit falls short of estimates Oct 12, 2018 08:20 PM IST

    Wells Fargo quarterly profit falls short of estimates

    Wells Fargo has been struggling to rebuild its reputation with customers after a series of scandals, fines and regulatory probes over the last two years dented its brand.

  • Major US financial services firm says hundreds lost homes due to 'calculation error' Aug 06, 2018 10:21 AM IST

    Major US financial services firm says hundreds lost homes due to 'calculation error'

    Following the revelation, Wells Fargo apologised and said that it has set aside USD 8 million to compensate affected customers. This roughly equates to each customer receiving USD 20,000 from the bank.

  • US regulator set to fail Wells Fargo on community lending test Dec 08, 2016 10:41 AM IST

    US regulator set to fail Wells Fargo on community lending test

    Wells Fargo is due to be deemed a bank that "needs to improve" under the Community Reinvestment Act (CRA), a law meant to promote lending to poor neighborhoods.

  • There's a lot that may spin US markets in week ahead Oct 15, 2016 10:49 AM IST

    There's a lot that may spin US markets in week ahead

    Corporate earnings, economic reports and Fed speakers could all challenge markets in the week ahead, but traders will be on guard for the latest catalyst — the potential bombshells coming from the presidential election.

  • 'Bull market similar to 1980s, see big money flows in US assets' Jul 11, 2016 08:37 PM IST

    'Bull market similar to 1980s, see big money flows in US assets'

    Paul Schatz, President of Heritage Capital says that there can be a currency collapse around the world in 2017-18, which will lead to mass money flowing into US assets – first in treasury bills, followed by an enormous large cap rally in the US.

  • How will Fed decision impact Indian market's fate? Dec 16, 2015 09:56 PM IST

    How will Fed decision impact Indian market's fate?

    The 'Big Day' will certainly have a tremendous amount of impact on Indian market and here is how the market experts analyse the same.

  • Janet Yellen faces battle for further hikes in 2016 Dec 05, 2015 04:51 PM IST

    Janet Yellen faces battle for further hikes in 2016

    Yellen's arguments against potential dissenters at the December 15-16 Fed policy meeting were strengthened by Labor Department data on Friday that showed employers hired 211,000 people in November while even greater numbers joined the workforce.

  • Yes Bk inks pacts worth $265 mn with US cos for SME lending Dec 01, 2015 02:41 PM IST

    Yes Bk inks pacts worth $265 mn with US cos for SME lending

    The domestic lender said that US-based Wells Fargo Bank will act as sponsor and co-lender to the project, providing a loan of USD 20 million, bringing the total facility amount to USD 265 million.

  • Eros gains 8% after big slump: What changed overnight? Oct 27, 2015 05:44 PM IST

    Eros gains 8% after big slump: What changed overnight?

    The media firm also assured that the positive growth and momentum in Q1 results continued into Q2 with a further string of hits.

  • Eros International tanks 20%: What irked investors? Oct 26, 2015 02:01 PM IST

    Eros International tanks 20%: What irked investors?

    Wells Fargo states that "the continued increase in receivables, driven by a sudden spike in revenues booked in the UAE (a red flag for some investors)."

  • Apple financing scheme may unlock US carriers' iPhone plans Sep 11, 2015 08:54 AM IST

    Apple financing scheme may unlock US carriers' iPhone plans

    Apple announced a programme on Wednesday that will allow customers to finance unlocked versions of the new iPhones through monthly instalments starting at USD 32, regardless of which carrier they choose.

  • Coca-Cola names James Quincey president Aug 14, 2015 06:11 PM IST

    Coca-Cola names James Quincey president

    The company also said Ahmet Bozer, another Coke veteran who had been widely seen as a possible successor to Chief Executive Officer Muhtar Kent, will retire. Bozer, executive vice president and president of Coca-Cola International, will stay on as an adviser until March of 2016, the company said.

  • Wall St falls on Greek default fears, volatility spikes Jun 30, 2015 07:47 AM IST

    Wall St falls on Greek default fears, volatility spikes

    Greece appeared to confirm it was heading for a default after a government official said the country would not pay a 1.6 billion euro loan installment due to the International Monetary Fund on Tuesday.

  • Rate cuts, structural reforms, aiding growth: Jayant Sinha Jun 26, 2015 08:16 AM IST

    Rate cuts, structural reforms, aiding growth: Jayant Sinha

    Increased focus on infrastructure investment, under which the government has increased the gross budgetary support to public infra projects by a whopping Rs 70,000 crore this year, shall also aid the growth process, Jayant Sinha said.

  • Working on ways to improve health of discoms: Sinha Jun 25, 2015 10:00 PM IST

    Working on ways to improve health of discoms: Sinha

    With the Reserve Bank warning of a Rs 53,000 crore loss to the banks on account of exposure to the power discoms, Union Minister of State for Finance Jayant Sinha today said the government is working on solutions to solve the problem.

  • No long-term cheer for Twitter stock Jun 12, 2015 09:13 PM IST

    No long-term cheer for Twitter stock

    "The question marks around strategy, user growth, and new innovations remain. My preference is to sit on the sidelines and learn a little more. There are many, if not more uncertainties today than there were yesterday," Bob Doll, chief equity strategist and senior portfolio manager at Nuveen Asset Management, told CNBC on Friday.

  • HDFC Bank among top 100 most valuable global brands in 2015 Jun 01, 2015 09:38 AM IST

    HDFC Bank among top 100 most valuable global brands in 2015

    HDFC Bank is ranked at 74th position in the BrandZ list compiled by Millward Brown, a global research agency, in association with WPP. As per the report, the bank is the India's most valuable brand with a value of USD 14 billion.

  • GE in talks to sell lending unit for $74 bn: report Apr 21, 2015 09:50 AM IST

    GE in talks to sell lending unit for $74 bn: report

    GE is pursuing negotiations to sell all or part of the business to Wells Fargo, with the talks also involving other bidders, the newspaper said, citing people familiar with the matter. Contacted by AFP, the huge US conglomerate declined to comment.

  • GE to sell real estate holdings, sets $50 bn share buyback Apr 10, 2015 05:08 PM IST

    GE to sell real estate holdings, sets $50 bn share buyback

    General Electric Company said it would sell the bulk of its real estate portfolio to investors including Blackstone Group and Wells Fargo & Co for USD 26.5 billion, in the biggest commercial real estate deal since 2007.

  • Microsoft launches biggest bond of the year Feb 10, 2015 12:17 PM IST

    Microsoft launches biggest bond of the year

    The offering comes just a week after Apple waded into the dollar market with a USD 6.5bn offering, its third in as many years to pay for share buybacks.

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