More Bank Closures: Wells Fargo, US Bank Close Branches, Reduce Hours During Coronavirus Pandemic
Wells Fargo and US Bank join JPMorgan Chase in closing some bank branches and reducing hours during the coronavirus pandemic.
Fintech News: LendingClub Buying Radius Bank In $185 Million Deal
The deal is expected to close within 15 months.
Apple Inc. Wants To Be Your Bank, And The Big Banks Should Be Worried
The technology company reportedly plans to launch a Venmo-style person-to-person payments service -- which could take business away from major financial firms.
Star Apple Analyst Gene Munster Admits He Goofed On Apple TV
Piper Jaffray's Gene Munster now shifts focus to the Apple TV set-top box, which is expected to be unveiled next month.
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Pre-market Movers (ECYT, CMA, CSIQ, S, VLO, USB, BAC, CHOP, KITD, HST, GS)
The companies whose shares are moving in pre-market trade Tuesday are: Endocyte, Comerica, Canadian Solar, Sprint Nextel, Valero Energy, U.S. Bancorp, Bank of America , China Gerui Advanced Materials Group, KIT digital, Host Hotels and Resorts and Goldman Sachs Group.
JP Morgan Chase, Wall Street Enigma, Sees Earnings Upside
That Wall Street expects J.P. Morgan to outperform its peers shouldn't come as a surprise. Besides being the biggest, it's arguably among the three or four most stable big banks.
Why Apple (AAPL) Stock Won't Reach A $1 Trillion Market Cap By 2014
In recent years, Apple has been on a roll. The company introduced its most successful products over the last five years -- the iPhone in 2007 and the iPad in 2010 -- but Apple would need yet another revolutionary device to accomplish a $1 trillion market cap.
Bank of America Debit Card Backtrack Won't End More Fees
Even after Bank of America backed off its $5 monthly debit card fee, banks are still raising existing fees and tacking on new fees in order to garner additional revenue.
Wells Fargo Targets the Super-Rich with $50 Million in Assets
Wells Fargo & Co., the fourth-largest U.S. bank by assets, is launching a boutique business to serve families with $50 million or more in assets, as more banks look toward wealth management to replace transaction-based fees.
Four More U.S. Bank Failures May Cost FDIC $358.8 Million
Regulators closed four banks in the United States on Friday, including one in Colorado with over $1 billion in assets, bringing the total number of closures this year to 84.
BofA Sued Over $1.75 Billion Mortgage Trust
Bank of America Corp. was sued by the trustee of a $1.75 billion mortgage pool, which seeks to force the largest bank to buy back all of the loans in the trust because of alleged misrepresentations.
Fed Issues Softer Durbin Rules: What Does It Mean For Visa, Mastercard?
The much-debated proposal to implement the Durbin amendment cap on debit-card interchange fees came in focus once again Wednesday as Fed raised the debit interchange rate cap to 21 cents.
Citi director Grundhofer resigns from board
Citigroup Inc director Jerry Grundhofer resigned from the New York bank's board, the company announced on Friday.
Wells, U.S. Bancorp profits up, margins squeezed
Wells Fargo & Co and U.S. Bancorp said low interest rates were squeezing lending profits, but improving credit quality helped both banks post higher fourth-quarter earnings.
Wells, US Bancorp profit up as credit improves
Wells Fargo and US Bancorp said lending profits are being squeezed by low interest rates, but improving credit quality helped both banks post higher-than-expected fourth-quarter earnings.
Wells, U.S. Bancorp profit up as credit improves
Wells Fargo and U.S. Bancorp said lending profits are being squeezed by low interest rates, but improving credit quality helped both banks post higher fourth-quarter earnings.
Corrected: Wells, US Bancorp profit up as credit improves
(Corrects first paragraph to show both Wells Fargo and U.S. Bancorp posted higher, not higher-than-expected, earnings)
Corrected: Wells and US Bancorp profits up but margins squeezed
(Corrects first paragraph to show both Wells Fargo and U.S. Bancorp posted higher, not higher-than-expected, earnings)
US Bancorp Q4 profit up, loan losses decline
US Bancorp reported higher-than-expected fourth-quarter earnings on Wednesday, aided by lower loan losses and the largest increase in new loans since the fourth quarter of 2008.
US Bancorp reports higher-than-expected profit
US Bancorp reported higher-than-expected fourth-quarter earnings on Wednesday, aided by lower loan losses and the largest increase in new loans since the fourth quarter of 2008.
Top Massachusetts court rules against foreclosing banks
In a ruling that may affect foreclosures nationwide, Massachusetts' highest court voided the seizure of two homes by Wells Fargo & Co and US Bancorp after the banks failed to show they held the mortgages at the time they foreclosed.
Top Mass. court rules against foreclosing banks
In a ruling that may affect foreclosures nationwide, Massachusetts' highest court voided the seizure of two homes by Wells Fargo & Co and US Bancorp after the banks failed to show they held the mortgages at the time they foreclosed.
Wall Street led lower by banks, jobs report weighs
U.S. stocks stumbled on Friday as financials were hit by a court ruling that voided two home foreclosures and as data showed disappointing jobs growth last month.
Wall St falls on bank worries, jobs report
Stocks lost ground on Friday as financials were hit by a court ruling that voided two home foreclosures and as data showed disappointing jobs growth last month.
Buffett praises U.S. government for bailouts
Billionaire investor Warren Buffett praised the U.S. government for bailing out Wall Street and saving the U.S. economy during the height of the financial crisis.
FDIC geared up for busy year of bank failures
The U.S. agency charged with dismantling or selling off failed banks said it is equipped to deal with what it sees as a busy 2010, according to remarks to be delivered before Congress on Thursday.
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