Stocks Drop, Led By Banks; Wells Fargo Shares Dive

Associated Press, Los Angeles Times
Mon, 02/05/2018 - 8:00am

Stocks stumbled in early trading on Wall Street as banks fell following punitive action against Wells Fargo. Wells Fargo plunged 8% in the first few minutes of trading Monday after the Federal Reserve hit the bank with new sanctions in response to its opening of phony accounts for several million...

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Topics:  wall street   wells   federal reserve   fargo   stocks   led   banks   trading   
BING NEWS:
  • Wells Fargo Jumps 46.3% YTD: Time to Add the Stock to Your Portfolio?
    Shares of Wells Fargo & Company WFC have soared 46.3% year-to-date compared with the industry’s rise of 44.4%. The stock has also fared better than its peers, JPMorgan JPM and Morgan Stanley MS, over ...
    12/16/2024 - 6:04 am | View Link
  • Wells Fargo’s Scharf calls for capital requirements clarity
    The bank’s CEO on Wednesday called uncertainty around how much extra capital banks will be required to hold “a crazy way to run a system.” ...
    12/11/2024 - 5:38 am | View Link
  • Wells Fargo shares gain as asset cap likely to be lifted in 2025, report says
    Wells Fargo (NYSE:WFC) is nearing the final stages of meeting regulatory requirements to lift the $1.95 trillion asset cap imposed after its fake accounts scandal, Reuters reported Tuesday, citing ...
    11/26/2024 - 1:10 am | View Link
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