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Showing 21 - 30 of 120 results for "Wells Fargo"

Female fund managers outperform men

KARREN VERGARA  |  WEDNESDAY, 2 SEP 2020
... Apple, Microsoft and Tesla. Female-managed funds tend to have the lowest allocation to stocks like Berkshire Hathaway, Wells Fargo and Exxon Mobil. Energy and materials are two sectors where they are typically underweight. Interestingly, the median female-managed ...

Banks brace for major loan losses

ALLY SELBY  |  WEDNESDAY, 15 JUL 2020
... biggest banks have set aside approximately $40 billion (US$28 billion) to brace for COVID-19 related loan losses, as Wells Fargo posts its first quarterly loss since the Global Financial Crisis. Citigroup saw its net income dive 73% from the previous ...

S&P kicks companies off ESG index

ELIZABETH MCARTHUR  |  TUESDAY, 19 MAY 2020
... all-time high. Thus, the big question, 'Who made the cut?' is perhaps more relevant now than ever before." In financials, Wells Fargo re-entered the index after being kicked out last year. Its overall ESG score actually fell, but its ranking within its ...

Global markets bleed red

ALLY SELBY  |  THURSDAY, 16 APR 2020
... banks struggle to grapple with the impacts of the spreading coronavirus, with Citibank, Bank of America, JP Morgan and Wells Fargo all recording share price losses overnight (5.64%, 6.49%, 4.93% and 5.77% respectively). As earnings season reveals the ...

Wells Fargo coughs up $4.5 billion

ALLY SELBY  |  MONDAY, 24 FEB 2020
Wells Fargo will fork out $4.5 billion to resolve the fake account scandal that has continued to rattle the world's fourth largest bank since 2016. The $4.5 billion (US$3 billion) settlement with the Securities and Exchange Commission (SEC) and ...

Former Wells Fargo chief banned for life

ALLY SELBY  |  FRIDAY, 24 JAN 2020
Former Wells Fargo chief executive John Stumpf has been banned from the banking industry and will cough up US$17.5 million for his role in the fake accounts scandal that has continued to rock the world's fourth largest bank since 2016. The Office of ...

Financial incentive provokes misconduct: Research

ELIZABETH MCARTHUR  |  THURSDAY, 5 SEP 2019
... several scandals in the finance industry globally - including the Payment Protection Insurance scandal in the UK, Wells Fargo employees opening up two million accounts without proper customer authorisation allegedly just to charge fees and the stories ...

Facebook dropped from ESG index

ELIZABETH MCARTHUR  |  MONDAY, 17 JUN 2019
... rebalance at the end of April and removed several notable companies along with Facebook - including IBM, Oracle and Wells Fargo. Facebook was the fourth largest company in the S&P 500 ESG Index, demonstrating the significance of the decision to drop ...

Wells Fargo AM chief moves to BMO

OSKAH DUNNIN  |  THURSDAY, 24 JAN 2019
... is Kristi Mitchem. She will replace Richard Wilson on March 18. Mitchem is the current chief executive and head of Wells Fargo Asset Management and stewards US$500 billion in assets under management. She will oversee more than US$320 billion at BMO. ...

Women missing from C-suite lineups

KANIKA SOOD  |  THURSDAY, 6 SEP 2018
... personal obligations." Murphy was one the women who participated in the development of the report. Others included Wells Fargo's Beverly Anderson, MUFG Union Bank North America's Ranjana Clark, Nuveen Advisory Services Margo Cook, Western Union's Sheri ...