Some of Wall Street's top firms have reshuffled their leading strategists.
NEW YORK— Wells Fargo plans to upgrade all 13,000 of its ATMs next week to allow customers to access their funds using their cellphones instead of traditional bank cards. The announcement was made by Wells Fargo CEO Tim Sloan on Tuesday at an employee town hall in Orlando. To access their money, customers would get unique eight-digit codes from their Wells Fargo...
The euro briefly rose above $1.08 for the first time in six weeks on Tuesday, following a TV debate on the France's presidential elections.
The White House is expected to name former OneWest executive Joseph Otting as comptroller of the currency.
The markets are being weighed down by a few key red flags right now.
NEW YORK— The latest on developments in financial markets:. Bank of America sank 5.8 percent, while JPMorgan Chase and Wells Fargo each lost about 3 percent. United Continental dropped 3.3 percent.
Citing Wells Fargo's scandal. New York Fed president says banks have "a long way to go" in reforming internal culture.
Wells Fargo& Co., down $1.04 to $57.63. Dominion Diamond Corp., up $2.28 to $12.20. Washington Cos. offered to buy the diamond mining company for $13.50 a share, or about $1.1 billion.
The bank reports a 55 percent drop in new credit card applications and 43 percent drop in new checking account openings, year over year.
The bank, emerging from a fake consumer account scandal, reported a relatively stable February in retail banking.
NEW YORK— Wells Fargo is still seeing fewer people at its bank branches as well as a decline in checking-account openings as the scandal over its sales practices takes its toll. Wells Fargo said Monday that customers opened 40 percent fewer checking accounts per day last month compared to a year earlier, while the number of customer interactions with branch...
NEW YORK— The latest on developments in financial markets:. Wells Fargo lost 1.8 percent Monday and Bank of America dropped 1.7 percent. European markets fell Monday after the British government said it will begin the process of departing the European Union next week.
CNBC's Wilfred Frost reports on his conversation with Wells Fargo CEO Tim Sloan about the sales practice scandal and his 2016 pay raise.
CNBC's Wilfred Frost talks to Wells Fargo CEO Timothy Sloan about the Fed rate hike, the impact on consumers and the company, and his outlook for the economy.
This time around, fund managers say, investing in sustainability or fair trade will actually pay off.
NEW YORK— Wells Fargo CEO Tim Sloan said the company could need several more months to resolve customer damage tied to its massive sales practices scandal, such as figuring out if people had trouble getting approved for other loans because of the fake accounts bank employees opened. Wells Fargo has seen a sharp drop in new account openings and bank traffic since...
Bank CEO Tim Sloan told CNBC that his goal is to reduce the company's capital ratio so it can return more cash to investors.
CNBC's Wilfred Frost reports the highlights of his interview with Wells Fargo CEO Tim Sloan.
The Oracle of Omaha is the bank's biggest shareholder through his Berkshire Hathaway, which has a 9.6 percent stake worth $28.5 billion.
CNBC's Wilfred Frost talks to Wells Fargo CEO Timothy Sloan about the big bank's sales practice scandal and how they are rebuilding shareholder trust.