Wells Fargo in Podcasts
companyWells Fargo is a major American bank involved in retail banking, with a history of regulatory issues and recent recovery.
Mentions Over Time
Mentions in Podcasts
Maureen O'Connor with Wells Fargo says that's because borrowing money was cheap back then.
Maureen O'Connor with Wells Fargo says that's because borrowing money was cheap back then.
This is Citi, JP Morgan, Wells Fargo, BNY Mellon, all of these, Michael Saylor said this, are now issuing credit against Bitcoin.
And economist Sarah House of Wells Fargo notes it's only a handful of industries that are actually adding jobs, mostly health care, some construction.
JPMorgan Chase, Goldman Sachs, Wells Fargo, and other big banks all reported solid profits for the most recent quarter, thanks in part to big deal-making fees.
Meanwhile, Wells' average annual deposits, because it couldn't grow them, were just up 5% over that same timeframe. Remember, this was when the Fed issued unprecedented amount of stimulus. We'll be right back. were about the same as what JP Morgan earned from those same businesses in just the fourth quarter alone.
That means the now fourth largest bank in the country can freely take deposits, make more loans, and look into acquiring companies once more. Neil, this has been a long comeback for Wells Fargo. that has involved rebuilding its tarnished reputation and fixing deep-rooted cultural issues at the bank.
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