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Wells Fargo | March 05, 2020

Wells Fargo is not complying with the terms of multiple settlements related to its sales scandal, according to a Congressional report released on Wednesday that also faulted regulators for failing to aggressively enforce the agreements. The U.S. House of Representatives Financial Services Committee released the findings of its year-long probe into the bank ahead of hearings next week that will see its new chief executive, Charles Scharf, and its chair, Betsy Duke, testify before the committee fo...

Wall Street | April 13, 2020

Wall Street’s main indexes slipped on Monday as corporate America launches into what is expected to be a painful quarterly earnings season due to the coronavirus pandemic. JPMorgan Chase & Co (JPM.N) and Wells Fargo & Co (WFC.N) will kick off the reporting season on Tuesday, with analysts expecting an uptick in trading revenue to be offset by declines in other businesses and a bleak outlook for the rest of 2020. The S&P banking subsector. SPXBK shed 2.5%, while the broader fina...

Edward Jones | August 06, 2020

Financial-services firm Edward Jones was recognized as one of the Best Workplaces for Millennials by Great Place to Work® and FORTUNE magazine. The privately held firm ranked No. 2 overall, in its fourth appearance on the list. The ranking considered feedback representing more than 4.9 million employees working at Great Place to Work-Certified organizations. Great Place to Work, a global people analytics and consulting firm, evaluated more than 60 elements of team members’ experience o...

The Wall Street Journal | January 30, 2020

Banks in the U.S. would no longer face limits on ownership stakes in venture capital funds under a proposal put forth on Thursday by regulators including the Federal Reserve. The proposal to remove a 3% cap on such stakes is the latest step to ease a set of regulations known as the Volcker rule, which were enacted after the 2008 crisis in a bid to strengthen the financial system and reduce the chance of taxpayer-funded bailouts....