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Wells Fargo Plans to Stop Offering Personal Lines of Credit

Wells Fargo Plans to Stop Offering Personal Lines of Credit
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

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Wells Fargo profit beats estimates as bank frees reserve funds

Wells Fargo & Co bounced back to a profit of almost $5 billion in the first quarter of 2021, ahead of Wall Street estimates as it reduced bad loan provisions and got a grip on the costs tied to its sales practices scandal. ....

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Wells Fargo profit beats estimates as bank frees reserve funds - Netscape Money & Business

Wells Fargo profit beats estimates as bank frees reserve funds
By Noor Zainab Hussain and David Henry
Reuters
(Reuters) -Wells Fargo & Co reported first-quarter profit ahead of Wall Street estimates on Wednesday as the bank reduced its reserves by $1.6 billion and costs tied to its years-old sales practices scandal stabilized.
The San Francisco-based lender did not report material restructuring and remediation charges in the quarter as Chief Executive Officer Charlie Scharf undertakes what he has said will be a multi-year journey to overhaul the bank.
The fourth-largest U.S. lender said profit rose to $4.74 billion, or $1.05 per share, in the three months ended March, from $653 million, or 1 penny per share, a year earlier. ....

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Wells Fargo profit beats estimates as bank frees reserve funds

Wells Fargo profit beats estimates as bank frees reserve funds
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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WHO origin report still draws fire; South Africa registers 1,422 new cases

WHO origin report still draws fire; South Africa registers 1,422 new cases
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A World Health Organization-China study on the origins of the coronavirus is still drawing fire, with WHO’s chief saying it didn’t adequately analyse the possibility of a laboratory leak. The White House also criticised the report, calling it incomplete and faulting data and access provided by China.
Covid-19 deaths in the US are expected to bottom out in the next two weeks and then may inch higher as the nation races to blunt an incipient new wave of cases with its vaccination campaign. ....

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