JPMORGAN Chase reported record quarterly profits on Tuesday behind strong consumer business, but shares were pressured by worries over expected Federal Reserve interest rate cuts on a day of mixed...

[NEW YORK] Three big US banks reported strong earnings on Tuesday, even as warning signs emerged that the playing field is beginning to tilt against the financial industry.

[NEW YORK] Wells Fargo has reached a US$386 million deal to settle a class-action lawsuit brought by customers who say the bank forced them to buy unnecessary auto insurance, putting to rest one...

[NEW YORK] Wells Fargo & Co is creating a new unit tasked with satisfying US regulatory requirements, according to an internal memo seen by Reuters.

THE US economy is still humming, if the performance of some of the country's biggest banks is any indication.

[BENGALURU] Top US retirement plan administrator Principal Financial Group said on Tuesday it would buy Wells Fargo & Co's retirement plan services business for US$1.2 billion, as it seeks a...

[BENGALURU] Warren Buffett, Wells Fargo & Co's largest shareholder, urged the bank in an interview with the Financial Times on Sunday to look outside Wall Street for a new chief executive...

THE BOTTOM LINE

OPENING unauthorised bank accounts. Cheating customers on mortgages and car loans. Mistreating service members. If you can dream up a financial scam, there's a good chance that Wells Fargo...

[NEW YORK] Wells Fargo chief executive Tim Sloan, a frequent target of critics following a series of lapses by the bank, is stepping down from his post "effective immediately," the bank...

[WASHINGTON] Democratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co chief executive Tim Sloan for proof the bank has put a string of consumer abuse scandals behind it at a...