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Wells Fargo CEO Tim Sloan is retiring (WFC)
Wells Fargo CEO Tim Sloan is retiring from the firm effective June 30, the firm said in a press release out after Thursday's closing bell. He will also be leaving his post as president and a member of...
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Wells Fargo CEO Tim Sloan to retire (WFC)
Wells Fargo CEO Tim Sloan is retiring, the company said today. Wells Fargo said on Thursday Chief Executive Officer Timothy Sloan will retire and named General Counsel Allen Parker as its interim...
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'In a way, his reign was doomed to start': Wall Street analysts speculate on...
Wells Fargo announced Thursday that CEO Tim Sloan would leave his post effective immediately, and retire at the end of June. The announcement was met with mixed reactions on Wall Street. Wells...
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The star investor in 'The Big Short' has a new short against Barclays — and...
Steve Eisman, the hedge-fund manager known for betting against the US housing market ahead of the 2008 crash, is holding a short position in Barclays. Eisman, who was played by Steve Carell in the...
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Warren Buffett says Wells Fargo's next CEO 'probably shouldn’t come from...
Warren Buffett said Wells Fargo should not pick a CEO from Wall Street, according to an interview by the Financial Times. Wells Fargo's board is searching for a new leader after the resignation of Tim...
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Traders are holding their breath on evidence of a first earnings recession...
Global stocks were mixed on Friday morning as traders waited to see whether US bank earnings would fuel market fears of a first-half earnings recession. First-quarter earnings for the S&P 500 are...
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Wells Fargo reportedly approached the co-CEO of the world's largest hedge...
Representatives from Wells Fargo have reached out to Bridgewater Associates co-CEO Eileen Murray to discuss the possibility of her joining the bank as CEO, The Wall Street Journal reported. Murray has...
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A Wells Fargo personal banker pleaded guilty to helping launder millions of...
A Wells Fargo banker pleaded guilty to knowingly opening bank accounts for people working with the Sinaloa cartel. Luis Figueroa of Tijuana, Mexico, admitted he took part in the money laundering...
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Wells Fargo donating $1 billion to affordable housing as part of a larger...
Wells Fargo just pledged $1 billion through 2025 toward affordable housing. Jon Campbell, head of corporate responsibility at the bank, told Business Insider the donation will put greater emphasis on...
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These are the 10 biggest banks in the world in 2019
Chinese banks came out on top as the world's biggest, according to calculations by The Banker. American banks are more efficient in use of their assets. British banks defied the Brexit slump by...
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Wells Fargo is already feeling the heat from lower interest rates as results...
Wells Fargo beat Wall Street's estimates for revenue and profits in the second quarter. But the bank failed to top even the lowest expectation for net interest income, suggesting that it's grappling...
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Lyft just nabbed another glowing Wall Street recommendation — here's why the...
Wells Fargo has launched analyst coverage of Lyft with a $60 price target, in line with the rest of Wall Street's optimism. Shares of Lyft have fallen more than 46% since the stock began publicly...
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Wells Fargo bumped their new CEO's salary 40% — to $23 million — to convince...
Wells Fargo announced Friday that Charles Scharf of BNY Mellon will be its new CEO. A filing revealed that Scharf was offered a 40% salary bump — to $23 million — for the top position at the bank,...
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Earnings season kick off this week. Here are 6 companies to watch — and what...
This week kicks off third-quarter earnings season, with major US companies revealing how trade war pressures, recession warnings, and interest-rate cuts affected their earnings and future sentiments....
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Wells Fargo posts earnings miss driven by $1.6 billion expense linked to...
Wells Fargo missed third-quarter earnings estimates after posting a continued drop in net interest income. The bank cited the "lower interest rate environment" for the figure's decline. Wells Fargo...
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It's been a record-breaking year for CEO departures. Here are the 28 most...
During the first three quarters of 2019, 1,160 CEOs left their positions, according to the staffing firm Challenger, Gray, & Christmas. This figure exceeds the number of CEOs who departed during...
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CULTIVATED: Wealth managers open up to cannabis stocks, top 25 cannabis...
Welcome to Cultivated, our weekly newsletter where we're bringing you an inside look at the deals, trends, and personalities driving the multibillion-dollar global cannabis boom. Sign up here to get it...
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Warren Buffett gave $10,000 in cash to each of his relatives at Christmas
Warren Buffett's favorite Christmas presents over the years have included dresses, chocolates, and stacks of cash."He would always give each of us $10,000 in hundred-dollar bills," Mary Buffett, the...
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I'm a bank exec who grew up in the South during desegregation. Here are 3...
Georgette "Gigi" Dixon is a senior vice president and senior director of external relations for national constituents at Wells Fargo, where she is responsible for leading and coordinating Wells Fargo's...
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5 hostages were released after police and FBI negotiated for 8 hours during a...
Summary List PlacementLaw enforcement spent more than eight hours negotiating an active hostage situation at a Wells Fargo in St. Cloud, Minnesota, Thursday, according to local police.Police and the...
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