This Spanish bank has ripped more than 30% higher this year. BofA sees even more gains ahead
The Spanish lender's U.S.-listed shares are up 32% in 2023, on pace for their biggest annual gain since 2009 —
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Wells Fargo & Co
Wells Fargo announces $30 billion buyback, shares rise
Wells Fargo announced a $30 billion stock buyback and approved a dividend increase. Source link
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Federal Reserve officially launches new FedNow instant payments service
The system will be available 24 hours, seven days a week and is open to interested banks and credit unions.
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Jim Cramer doesn’t see a recession on the horizon, says recent conjecture “just doesn’t hold up under close scrutiny”
CNBC's Jim Cramer told investors on Tuesday they shouldn't be so sure an inevitable recession is looming. Source link
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Cramer: The Cassandras are wrong about the market (again) — here’s why I’m upbeat
The cognoscenti swore to us that the Fed would haplessly cause the economy to crash. But so far they've been
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Dimon says private equity giants are ‘dancing in the streets’ over tougher bank rules
Banks face requirements to hold more capital as a cushion against risky activities from both U.S. and international regulators. Source
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Wells Fargo shares rise after second-quarter results beat estimates
Wells Fargo beat Wall Street estimates on the top and bottom lines for the second quarter, sending its stock higher
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Bank of America fined $150 million for consumer abuses including fake accounts, bogus fees
The announcement is the latest sign that some of the practices exposed by the Wells Fargo fake accounts scandal in
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As ‘bougie broke’ videos trend on social media, experts say that’s not necessarily a bad thing
New social media videos are start to removing the stigma tied to spending decisions, experts say. That may ultimately help
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