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Wells Fargo scam triggers debate on big bank cultureIn the aftermath of the 2008 financial crisis, the banking industry sought to address an ethics crisis with surveys, town hall meetings, appointments of overseers and mechanisms for employees to report malfeasance. Now, the high-p More… |
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Amex shares rise after report of potential saleAmerican Express Co shares rose more than 1 per cent on Monday after Fox Business News reported that the credit-card company might be acquired by Wells Fargo & Co or another financial firm. American Express shares closed up 1. More… |
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GE nears deal to sell $30bn finance unit to Wells FargoGeneral Electric is in advanced talks to sell a specialty finance portfolio, worth more than $30 billion, to Wells Fargo & Company, according to a person familiar with the matter, as the industrial conglomerate returns to its roots. More… |
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NBF inks $25m bilateral deal with Wells FargoThe National Bank of Fujairah (NBF) has signed a $25 million bilateral trade finance facility with Wells Fargo Bank of USA. The facility has a two-year tenor and will support National Bank of Fujairah’s trade business growth. The f More… |
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Wells to pay Citi $100m for WachoviaWells Fargo & Company will pay Citigroup $100 million to settle multiple lawsuits over the contentious 2008 purchase of Wachovia, closing another chapter in the receding financial crisis. The banks said the settlement will resolve all More… |
