Regulators issued fines against several financial firms, including Wells Fargo and BNP Paribas, for failing to maintain records of employee communications on unapproved platforms.
Wells Fargo's history is riddled with multi-million dollar legal settlements and billions of dollars paid to regulators.
Ratings agency Moody's cut the credit ratings of several small and midsized banks late Monday and warned other big lenders, citing profitability challenges and funding risks.

Why Are Bank Stocks Down Today?

09:49am, Tuesday, 08'th Aug 2023
Bank stocks are falling on Tuesday and investors can look to Moody's lowering credit ratings as the reason for the decline. The credit rating business started off the bad news for bank stocks by cutti
Wells Fargo & Co. WFC, -2.72% will pay $125 million out of a total of $289 million in fines by the Securities and Exchange Commission against 10 firms “for widespread and longstanding failures by th
If you're exploring dividend stocks, you can adopt various strategies. You might seek out high-yield stocks, or those with consistent payouts and robust financial conditions, or companies with a track
Moody's has put the credit ratings of six large US banks, including Bank of New York Mellon, State Street and Northern Trust, under review for a possible downgrade.
U.S. bank Wells Fargo said on Monday Malcolm Price has joined its corporate and investment bank (CIB) as the head of financial sponsors, after 35 years at Credit Suisse.
The Wells Fargo glitch that made some customers' direct deposits disappear from their bank accounts is over, the bank said on Saturday.
Europe's largest bank fell along with the broader global market on August 2, despite reporting strong year-over-year revenue and earnings growth the day before.
Wells Fargo is dealing with a technical issue that has resulted in customers reporting that their direct deposits had disappeared from their bank accounts.
Bank of America Corp.'s investment bank BofA Securities remained the top corporate debt issuer in 2023 as of Aug. 1, while Wells Fargo Securities LLC has bumped JPMorgan Chase & Co. for the No. 2 slot
As the United States economy continues to show signs of a potential contraction, especially after following the nine-month consecutive contracting readings in the ISM manufacturing PMI index, some in
Wells Fargo & Co. WFC, -1.54% said it will pay up to $1.8 billion to the Federal Deposit Insurance Co.'s deposit insurance fund as part of the government's special assessment following the regional-ba
Wells Fargo said on Tuesday that proposed U.S. capital rules could lead the bank to rejig its balance sheet.
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