Despite strong cash flow, Microsoft taps bond market to fund AI ambitions
Microsoft is reportedly considering issuing debt across as many as 10 tranches, with maturities ranging from two to 40 years...
Tag : Wells Fargo
Business Leader of the Week: Inside Jamie Dimon’s rewiring of JPMorgan into Wall Street giant
Few CEOs anywhere have become so bound up with the company they run that markets have coined a phrase for the value they personally add to the stock price...
IF Insights: Wall Street’s investment banking rebounds on strong Q2 earnings
Industry biggies post strong second-quarter profits as investment banking and trading eclipse traditional lending as the financial sector's biggest growth engine...
Poaching game: Citigroup, Wells Fargo go all guns blazing
Jonathan Alpert, previously global co-head of insurance coverage at Bank of America, has joined Citigroup as its global head of insurance...
Wells Fargo USD 1.95 trillion asset cap likely to be lifted in 2025
As part of the compliance process, the bank sent a third-party review to the Federal Reserve to demonstrate it had overhauled its risk management and controls...
Tesla stock tumbles after Wells Fargo’s ‘no growth’ statement
Tesla will increase prices for all Model Y cars in the United States by USD 1,000 from April 2024...
Check out the top six banks for small business owners
Bluevine recently issued a protective mechanism for its customer deposits through a network comprising Coastal Community Bank and 17 other FDIC member banks...
Declining used car prices could cause trouble for loans
During the time of the COVID-19 pandemic, used car prices saw an unheard-of increase...
Decoding the anatomy of APIs in the digital age
The race to emerge victorious in the digital age has opened a plethora of opportunities for technology to act as a catalyst. Application Programming Interfaces (APIs) could be that much-needed catalyst for the financial services industry, believe digital transformation leaders in Wells Fargo and Capgemini...
Justice Department investigates Wells Fargo wealth management unit
Bloomberg reports that Wells Fargo is allegedly responsible for encouraging clients into lucrative products against their best interest...