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The Latest Breaking News from Wells Fargo

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 Guardian - US

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

The Independent UK

Dow Jones Futures Fall: Credit Suisse Taps Swiss National Bank; First Republic Dives On Sales Report

Credit Suisse borrowed up to $54 billion from the Swiss National Bank after the Nasdaq eked out a gain Wednesday.

Investors Business Daily

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Investors Scramble To Put Their Money In These 8 Financial Stocks

There's nothing like a good old-fashioned bank run to get investors to think about safety again. And investors are tipping their hands.

Investors Business Daily

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.

WEKU

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?

Fortune

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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

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

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

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news in one place.

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Tribune News Service

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.

Fortune

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.

Tribune News Service

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.

Los Angeles Times

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.

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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

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?

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 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.

Fortune

Jumbo loans explained

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

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Luiz Inácio Lula da Silva

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