The U.S. Supreme Court on Tuesday declined to revive litigation in which shareholders accused the federal government of overstepping its authority when it restructured mortgage finance firms Fannie Mae and Freddie Mac following the 2008 housing crisis.
Charlie Munger, the longtime business partner of fellow billionaire Warren Buffett, said on Wednesday it is time for regulators to “let up” on Wells Fargo & Co., which will end up “better off” as it corrects a series of mistakes in how it treated banking customers.
Wells Fargo & Co. CEO Tim Sloan tried to deliver a message of consistency and stability at an investor event on Tuesday, less than two weeks after it disclosed a regulatory sanction related to a long-running sales scandal.
The Federal Reserve’s surprise ban on Wells Fargo & Co. growing its balance sheet comes at a difficult juncture for the United States’ third-largest lender.
Morgan Stanley has reneged on promises to stop discriminating against black employees, according to a lawsuit by a former broker who said he was fired after complaining about racial bias, including in pay and career opportunities.
The Federal Reserve is expected to leave interest rates unchanged on Wednesday while signaling a gradual tightening of monetary policy later this year as the U.S. economy continues to expand and job gains remain solid.
The U.S. securities regulator on Thursday raised alarm about the safety of bitcoin-themed investments, telling the fund industry it wants answers to its concerns before endorsing more than a dozen proposed products based on cryptocurrencies.
Bank of America Corp.’s net profit nearly halved compared with a year earlier as it booked a $2.9 billion charge stemming from the new federal tax law, although it beat analysts’ estimates when adjusted for the charge.
New York-based real estate investment company Cadre has partnered with Goldman Sachs Group Inc to allow the bank’s private wealth management clients to invest through the startup’s platform.
Morgan Stanley said on Friday it would take a $1.25 billion hit in its fourth-quarter earnings due to a cut in corporate tax rate as part of the U.S. tax code overhaul.
Goldman Sachs Group Inc. said on Friday it would take a $5-billion earnings hit in the fourth quarter for the new U.S. tax law, becoming the first major U.S. bank to detail the law’s one-time impact on corporate profits held overseas.
U.S. consumer spending accelerated in November and shipments of key capital goods orders increased for the 10th straight month, the latest signs of strong momentum in the economy as the year winds down.
The California Department of Insurance is seeking to suspend or revoke Wells Fargo & Co.’s licenses for alleged improper insurance sales practices related to the company’s online insurance referral program.
U.S. drugstore chain operator CVS Health Corp. said on Sunday it had agreed to acquire Hartford-based U.S. health insurer Aetna Inc. for $69 billion, seeking to tackle soaring health care spending through lower-cost medical services in pharmacies.
U.S. President Donald Trump’s daughter Ivanka Trump kicked off a global business summit in southern India on Tuesday calling for better opportunities for women entrepreneurs battling heavy odds around the world.
The outcome of the OPEC meeting in Vienna later this week is uncertain given current crude prices and a lack of consensus on an output cut extension deal, Goldman Sachs said on Monday.
The Consumer Financial Protection Bureau is preparing to sue Santander Bank, alleging that the Spanish bank overcharged borrowers on auto loans, two sources familiar with the plans said on Friday.
Negotiations in Mexico to update NAFTA have not made much progress on tough U.S. demands that could sink the 1994 trade pact, but the current round of talks are progressing with civility, some participants said on Saturday.
Wells Fargo & Co. has repaid another $5.4 million to about 450 military service members whose vehicles it repossessed illegally, the U.S. Department of Justice said on Tuesday.