News with the tag "wells fargo"

Billionaire Warren Buffett just sold about $3.23 billion of Berkshire Hathaway’s stake in Citigroup, Bank of America and Capital One. After eliminating Berkshire Hathaway’s stake in JPMorgan Chase and Wells Fargo in recent years, new filings show Buffett continues to place US banks on the chopping b...

A man living in Phoenix, Arizona is heading to prison after allegedly using fraudulent accounts at JPMorgan Chase, Wells Fargo, Bank of America and BBVA to launder millions of dollars. Investigators say US resident and Nigerian citizen Kingsley Ibhadore stole nearly $3 million in a romance scheme ta...

Wells Fargo is updating its outlook on Uber (UBER), reportedly forecasting an explosive share price for the $173 billion ride-hailing company. In a new note to clients, Wells Fargo’s Ken Gawrelski and other analysts raise Uber’s price target to $100 from $90 and reiterate an overweight rating, repor...

For anyone navigating the dynamic world of finance, including the cryptocurrency space, understanding the pulse of major global currencies like the US Dollar is crucial. The US Dollar’s recent performance, marked by a notable dollar selloff , has captured significant attention. Many are wondering if...

Wells Fargo customers may be eligible to be beneficiaries of a $185 million payout from the bank following a court’s approval of a massive class action settlement. A lawsuit initiated last year claims that during the Covid-19 era, Wells Fargo issued mortgage forbearances to its customers when they d...

Wells Fargo and two of its business partners are set to fork out millions of dollars to individuals and businesses after agreeing to settle a class action lawsuit that alleged sales calls to potential customers of the fourth-largest US bank were secretly recorded for nearly a decade. According to th...

The Consumer Financial Protection Bureau (CFPB) has abruptly dropped a lawsuit accusing JPMorgan Chase, Wells Fargo, Bank of America and Zelle of failing to protect consumers from $870 million in losses on the Zelle network over seven years. The lawsuit, filed in December, alleged Zelle’s parent com...

A Texas couple says Wells Fargo is refusing to reimburse after $40,000 was stolen from their business account despite urgent warnings of fraudulent activity. Jose Vasquez tells FOX 26 that on January 27, he and his wife Amanda noticed someone had attempted to set up a direct transfer for $20,000. He...

Big banks are quietly scrubbing the public record of their diversity, equity and inclusion (DEI) policies following US President Donald Trump’s upheaval of the controversial practice. Citing banking executives, lawyers and other insiders familiar with the matter, The Wall Street Journal reports that...

JPMorgan Chase, Wells Fargo and Bank of America say they’ve lost $5.188 billion from customers who have been declared unable to pay their bills. The banks outlined the Q4 losses in “net charge-offs” statements, revealing loans that the banks have declared as uncollectible and removed from their book...