Mike Mayo, Wells Fargo Securities, joins 'Closing Bell' to discuss the White House calling for stricter bank rules.
Federal officials say Wells Fargo allowed a foreign bank to make over $500 million in prohibited transactions on its platform for five years.
The Federal Reserve and the Treasury Department on Thursday fined Wells Fargo & Co. WFC, -1.73% a combined $97.8 million for “deficient oversight” that allowed the bank to allegedly violate U.S. s
The Federal Reserve and the Treasury Department are fining Wells Fargo & Co. $97.8 million for violating U.S. sanctions by allowing a foreign bank to make prohibited transactions.
Wells Fargo's stock (NYSE: WFC) has lost approximately 12% YTD as compared to the 3% rise in the S&P500 index over the same period.
The banking sector is having a rough couple of weeks, but these could be good buys for patient investors.
Just when you thought the banking sector fallout was behind us, rumblings in Europe confirmed that bank stocks once again will likely dominate business news outlets for weeks to come. While the mainst

Banks Bouncing Back

08:47am, Monday, 27'th Mar 2023
Early Monday morning, First Citizen Bancshares agreed to buy Silicon Valley Bank.
Wall Street's fear index, a.k.a. the VIX, suggests that traders predict higher-than-usual volatility in the next 30 days.

U.S. Banks: The Good And The Bad

07:09am, Saturday, 25'th Mar 2023
Emergency Fed support for banks is at Great Financial Crisis proportions on some measures. Deposit flight from smaller banks remains a worry to boot.
CNBC's Steve Liesman reports on moves in U.S. bank deposits as of the week ending March 15th.
The Financial Stability Oversight Council said that “while some institutions have come under stress, the U.S. banking system remains sound and resilient,” in a Friday statement.
National giants like Bank of America and Wells Fargo sank to their lowest share price in over two years Friday.
Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo are the four big banks considered ‘too-big-to-fail'.
Policymakers are sending mixed signals about the future of federal deposit insurance and the resulting uncertainty is rippling through financial markets.
Click to get the best stock tips daily for free!

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE