2016 has not been kind to the nation’s largest banks, and Wells Fargo is no exception. Its recent performance was weighed down by troubles in the energy sector, as the bank has billions of outstanding loans out to oil and gas companies that are struggling to repay. It’s wealth management division will also now have to contend with the much-feared fiduciary rule, which will upend the way banks like Wells Fargo dispense financial advice. That said, the long term outlook for the bank is strong, as it surpassed Citigroup this year to become the third largest bank in America by assets, while it is nearly unrivaled in its focus on its main street customers who give the bank more than a trillion dollars in low cost deposits.
News about Wells Fargo
They used the technology to ship cotton from the U.S. to China.
About 20 banks will put Zelle on their mobile apps and web pages early next year.
The search warrant said there was probable cause.
But she's staying mum on representing Billy Bush.
Three apartments worth $3.1 million were sold to accused official's daughter
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Watch the headlines since the news broke.
And condemns the “cowboy culture” on Wall Street