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The Latest Breaking News from Wells Fargo

Regulators shut down SBV after bank run

How can a bank run happen in 2023? Why didn’t anyone step in to save SVB? And who is at risk now?

Fortune

A Silicon Valley lender collapsed after a run on the bank. Here's what to know

Silicon Valley Bank was taken over by federal regulators on Friday, capping a spectacular collapse after the lender suffered a run on deposits.

WEKU

Wells Fargo Just Made Another Huge Mistake

The controversial bank is trending yet again.

The Street

From analysis to the latest developments in health,
read the most diverse news in one place.

Dow Jones Futures Fall With Jobs Report Due After S&P 500 Sell-Off; SVB Financial Still Crashing

The S&P 500 plunged below its 200-day line as SVB Financial triggered a sell-off in bank stocks. The February jobs report looms.

Investors Business Daily

Bank branches are still hiring tellers and bankers, but the jobs look different now

Kim M. Sample started her banking career as a teller more than 34 years ago — before direct deposit and online banking, when Philadelphians were learning to "tap MAC" (a.k.a. to go the ATM).

The Philadelphia Inquirer

Top crypto bank collapses as Silvergate announces plans to wind down operations

The volatile sector's banking options are dwindling.

Fortune

Crypto’s favorite bank is on the brink. What happens if Silvergate fails?

Silvergate's collapse is a cautionary tale to the industry—and to regulators.

Fortune

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Tesla Stock Retreats; Analyst Explains Strength Of 'Non-Unveil' Strategy

Analysts expect a TSLA retreat after a strong run and high expectations ahead of Tesla's investor day.

Investors Business Daily

Real estate slump hits home as Wells Fargo axes hundreds of mortgage bankers days after taking some on a California retreat

Several Wells Fargo mortgage bankers were at a retreat at Palm Desert just a few weeks ago. Now, many of them have lost their jobs.

Fortune

Stocks Edge Higher, Nvidia, Moderna, eBay, Wells Fargo In Focus - Five Things To Know

Stock futures higher on Fed minutes relief, tech boost; Nvidia shares surge as AI chip demand powers solid sales outlook; Moderna earnings on deck as drugmaker looks past vaccine growth; eBay shares slump as muted outlook offsets Q4 earnings beat and Wells Fargo cutting more mortgage jobs as market extends…

The Street

Serial Bay Area bank robber charged with robbing banks days after he was sentenced in bank robbery case

SAN FRANCISCO — Last November, New Jersey native Christian Plummer was released from jail after being sentenced to two years in federal prison for robbing six banks around the Bay Area.

Tribune News Service

Zillow says the home price correction is winding down—here’s what 28 other forecast models have to say

Fortune once again tracked down the latest home price forecasts from 29 of the nation's leading real estate researchers.

Fortune

Payday Friday is becoming payday Wednesday, thanks to banks and credit unions

Payday Friday is increasingly coming one or two days early — on Wednesday or sometimes Thursday.

Tribune News Service

Wells Fargo didn't act after an LA executive was raped by her boss, lawsuit alleges

Content warning: This story includes descriptions of sexual assault.

Los Angeles Times

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news in one place.

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The Philadelphia Inquirer

Philly employers are desperately seeking tech workers even as Silicon Valley giants are laying off thousands

Major layoffs at big technology companies have dominated national headlines in recent months, seemingly portending doom and gloom for tech workers. But the reality for most companies, including Philadelphia employers, is a continuing shortage of skilled technologists and a desire to hire more.

Fortune

Labor force participation among Black workers has returned to pre-pandemic levels

Unemployment among Black Americans fell to 3.4% in January, while labor force participation hit pre-pandemic levels

The Street

Lawsuit Accuses Wells Fargo of Failing to Protect Female SVP from Sexual Harassment

"Wells Fargo is not some mom-and-pop," the West Coast Trial Lawyers attorney representing the case told TheStreet.

Fortune

Why may Amazon be interested in NFTs?

The online retail giant’s tendrils extend from web hosting to health care. Does an investment in NFTs make sense?

Get all your
news in one place.

100’s of premium titles.
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Fortune

National home prices have further to fall, say 24 leading housing market researchers—while 5 firms think prices have bottomed

Fortune tracked down the latest home price forecasts from 29 of the nation's leading housing researchers.

The Street

Wells Fargo CEO Passes on Raise: Will 'Only' Make $24.5 Million This Year

Wells Fargo CEO Charlie Scharf cited his bank's 'transformation journey' as the reason he turned down a pay increase.

The Independent UK

Proposed Brazil-Argentina common currency is met with doubts

Market analysts are reacting with deep skepticism to a proposal floated by the leaders of Brazil and Argentina to launch a common currency

Zenger

Upcoming & Established Content Including Flagship Shows Making Investments Valuable For Netflix

Streaming giant Netflix Inc went public in 2002 and now today is growing with a stream of content with high viewership.

The Street

How Wells Fargo May Finally Pay for How it Treats Customers

The struggling bank which has had multiple high-profile scandals has an other major issue looming.

Fortune

Jumbo loans explained

Jumbo loans are used for purchases that exceed conforming loan limits, but they can be harder to qualify for.

The Street

Sen. Elizabeth Warren Tweets Shot at Bank of America, Zelle After Glitch Scares Customers

Some believe banks are not to be trusted with your money -- that between the size of a financial institution and the trustworthiness of its employees at every level, there's something about them that generates a sense of unease. While not everyone agrees with that perspective,some of the news about…

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