Wells Fargo CEO warns of severance costs of nearly $1 billion in fourth quarter as layoffs loom
Charlie Scharf, CEO, Wells Fargo, speaks during the Milken Institute Global Conference in Beverly Hills, California on May 2, 2023. ...
Tag: Morgan Stanley
Morgan Stanley and Wells Fargo are making headlines. Here’s our take on the news
Wells Fargo (WFC) had to make some tough calls to stay on course with its turnaround plan. It's one of ...
Shein files for U.S. IPO as fast-fashion giant looks to expand its global reach
A Shein pop-up store inside a Forever 21 store in Times Square in New York on Nov. 10, 2023.Yuki Iwamura ...
Morgan Stanley CEO says his firm is ready for ‘Basel III endgame’ — the sweeping new global rules on banking
James Gorman, chairman and chief executive of Morgan Stanley, speaks during the Global Financial Leader's Investment Summit in Hong Kong, ...
Morgan Stanley says Ted Pick will succeed James Gorman as CEO on Jan. 1
Morgan Stanley said Wednesday that Ted Pick will succeed James Gorman as CEO at the start of 2024.Pick, a Morgan ...
Big banks are done reporting earnings. Here’s how our financial names performed against peers
Despite a murky macroeconomic environment and heightened fears around the health of the banking sector, the nation's largest financial institutions ...
Big banks are quietly cutting thousands of employees, and more layoffs are coming
The largest American banks have been quietly laying off workers all year — and some of the deepest cuts are ...
Morgan Stanley shares fall over 6% as wealth management results disappoint
Morgan Stanley Chairman and Chief Executive James Gorman speaks during the Institute of International Finance Annual Meeting in Washington, October ...
Goldman Sachs tops estimates on stronger-than-expected bond trading
Goldman Sachs posted third-quarter profit and revenue Tuesday that exceeded analysts' estimates on stronger-than-expected trading revenue.Here's what the company reported:Earnings: ...
Bank of America tops profit estimates on better-than-expected interest income
Brian Moynihan, CEO of Bank of AmericaHeidi Gutman | CNBCBank of America topped estimates for third-quarter profit on Tuesday on ...
