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Wells Fargo is under pressure to cut costs and strip away layers of management

As it issued more loans in spring the banking company had to sell off other assets to abide by Fed rules set after 2016 scandal.

The prominent investment bank could have up to 10% of its 39,000 employees graded as “underperformers” this year.

Stimulus hopes boost US stocks as European shares fall

U.S. stocks finished higher on Tuesday as the second quarter earnings season got underway.

While JPMorgan Chase and Citigroup posted better-than-expected second-quarter earnings, Wells Fargo reported its first quarterly loss since the darkest days of the recession.

Wells Fargo is struggling under punitive government rules arising from a 2016 fake account scandal

US stocks opened lower on Tuesday as JPMorgan Chase posted better-than-expected earnings

Wells Fargo has been besieged by mounting loan loss provisions

The futures extended the market losses in the regular session, which was triggered by a spike in coronavirus cases in a number of states.

US agency says it is out of stimulus money for key small business loans

JPMorgan, Wells Fargo profits hit as they build reserves for bad loans

An exclusive report from The American Prospect reveals that the $2 trillion stimulus bill passed by Congress contains no rules stopping banks from seizing the $1,200 government stimulus checks to pay down personal debts.

Big U.S. banks are bracing themselves for a wave of loan defaults as the pandemic eats away at profitability

Fed eases Wells Fargo asset cap for small business loans

US Fed launches program to support small business loans

Wells Fargo said it can no longer accept loan applications under the SBA PPA program

Wells Fargo and US Bank join JPMorgan Chase in closing some bank branches and reducing hours during the coronavirus pandemic.

Wells Fargo becomes third major US lender to stop financing Arctic oil projects

Wells Fargo to pay $3 bn to settle fake accounts scandal

Wells Fargo to pay $3 bln to settle fake accounts scandal: US govt

The Office of Comptroller of the Currency fined former Wells Fargo chief executive John Stumpf $17.5 million over the bank's fake accounts scandal, an unusually punitive action against a former corporate leader.

JPMorgan Chase, Citi surge on Q4 profits; Wells Fargo stumbles again

U.S. stocks closed mixed on Tuesday on worries over China trade deal.

U.S. stocks opened lower on Tuesday as earnings season got started

The Bucks are favored on the road against the Sixers on Christmas day.

The spree began Wednesday morning when the suspect attempted a bank robbery and stabbed two women.

US banks BB&T and SunTrust get final approval of merger

Ex-Obama aide Bill Daley to lead Wells Fargo public affairs group