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The Latest Breaking News from Wells Fargo

"Net zero" banks greenwashing

"Financial institutions need to be held accountable for their role in financing false solutions."

Salon

JPMorgan, Citigroup and Wells Fargo reap gains from rates roiling small banks

JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. are reeling in windfalls from higher interest rates that upended smaller lenders last month.

Tribune News Service

Wells Fargo executive Mary Mack, lauded for actions during massive scandal, is retiring

CHARLOTTE, N.C. — Wells Fargo’s Mary Mack, a top executive in Charlotte, will retire this summer after nearly 40 years in the banking industry and navigating a massive scandal at the bank.

Tribune News Service

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The 10 best personal loans for April 2023

We compared personal loans across 17 financial institutions and weighed loan amounts, terms, associated fees, customer service options, and more.

Fortune

Option Volatility And Earnings Report For April 10 - 14

Earnings season is back, with a couple of big names due to report this week including some of the major banks. This week we have Unitedhealth Group, JP Morgan Chase, Bank of America, Wells Fargo, Citigroup, Delta, and Blackrock all set to report.

Barchart

Crush the Earnings Season: How To Uncover Winning Options Trades

Earnings season kicks off this week with some big name companies due to report earnings on Friday including Citigroup, JP Morgan Chase, Delta Airlines, Wells Fargo, Blackrock, Unitedhealth Group. In today’s article, we will look at how to use Barchart’s Screener’s to find option trade ideas for this earnings seasons.

Barchart

2 Stocks to Buy With Unusual Options Activity Other Than Tesla

Six out of Thursday’s top 10 options based on volume exhibiting unusual options activity were Tesla. That’s not surprising. What was is that TSLA had zero in the top 25 when it comes to the Vol/OI ratio. These two stocks did. They’re potential long-term buys.

Barchart

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"Pro-climate" banks funding fossil fuels

The disconnect between words and actions has outraged climate activists

Salon

How a poker game launched Silicon Valley Bank’s four-decade ride of the tech wave — and a bad gamble 42 years later ended it all

In the early Eighties, when “High Tech” was still written with quotation marks and the region was starting to become known as The Silicon Valley, tennis buddies Bob Medearis and Bill Biggerstaff took their idea for a new bank to a poker game in Pajaro Dunes.

Tribune News Service

The long, strange history between Credit Suisse and UBS

The two banks have a long history of not getting along.

Fortune

Climate activists target nation's big banks, urging divestment from fossil fuels

Across the U.S. on Tuesday, people gathered outside major banks demanding that financial institutions shift away from investing in fossil fuel projects.

WEKU

Older Americans protest against ‘dirty banks’ funding oil and gas projects

Protesters cut up credit cards and march to Washington branches of JPMorgan Chase, Citibank, Bank of America and Wells Fargo

The Guardian - US

Banks Promote Climate Pledges But Keep Increasing Their Financing of Fossil Fuel Production

National day of protest will target JPMorgan Chase, Citigroup, Bank of America and Wells Fargo as new U.N. report warns of catastrophic climate impacts.

Capital & Main

More American women are single than ever before. It's costing them big money

A record-breaking number of American women are single these days.

Fortune

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WEKU

First Republic becomes the latest bank to be rescued, this time by its rivals

The lenders including J.P.Morgan and Wells Fargo would deposit $30 billion into the beleaguered midsized lender as part of the rescue.

The Guardian - US

Biggest US banks weigh rescuing First Republic as its shares tumble – report

Citigroup, Goldman Sachs, JP Morgan and Wells Fargo are among the banks discussing a lifeline for the San Francisco-based lender

The Guardian - US

US banks are sacrificing poor communities to the climate crisis

It took decades to force banks to abandon racist redlining. We don’t have decades to avert catastrophic climate crisis

The Independent UK

Ex-Wells Fargo exec to plead guilty for role in bank scandal

A former Wells Fargo Bank executive accused of overseeing a ruse that created millions of bogus customer accounts has agreed to plead guilty to criminal charges likely to send her prison for her role in the scandal

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WEKU

What to know about the Silicon Valley Bank collapse, takeover and fallout

President Biden urged calm as markets roiled over the collapse of Silicon Valley Bank. After the FDIC takeover, customers of the bank have full access to their deposits.

Fortune

XPO Logistics CFO Carl Anderson on the shipping giant’s road ahead

XPO is newly lean, after many years of an acquisition streak.

Fortune

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?

WEKU

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.

The Philadelphia Inquirer

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).

Fortune

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.

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