wells fargo


JPMorgan raises profit goal on lower taxes, higher rates

Feb 27 2018

JPMorgan raised its key profit goal, and said lower taxes and higher interest rates could help increase its annual pretax net income by up to 17.5 percent in three years.

Women in Barclays investment bank earn half as much on average as men

Feb 23 2018

Barclays pays women in its international division on average half of what men earn, the British bank said.

Bosch starts new division, acquires US carpooling start-up

Feb 21 2018

Bosch created a new division to expand its reach in the markets for ride services and connected vehicles and acquired a small US ride services company.

US stock investors shrug off higher yields, for now

Feb 16 2018

Some stock investors are drawing optimism from the market’s ability to move upwards in the face of loftier yields - even though those higher yields were partly blamed.

Investors await Goldman's $5 billion answers as trading picks up

Feb 13 2018

Goldman Sachs Group Inc’s trading division was caught “wrongfooted” last year, bracing for a return of volatility that did not materialise on financial markets.

Wall Street casts weary eye at Wells Fargo's latest woes

Feb 06 2018

Wells Fargo’s share price fell 9.2 percent, more than twice as sharply as the market during a broad selloff.

Wall Street opens lower on rising bond yields, inflation concerns

Feb 05 2018

US stocks opened sharply lower on Monday as rising bond yields continued to fuel the selloff in equities and hints of inflation pickup triggered concerns.

Fed puts brakes on Wells Fargo when bank needs to step on gas

Feb 05 2018

The Federal Reserve’s surprise ban on Wells Fargo & Co growing its balance sheet comes at a difficult juncture for the United States’ third-largest lender.

US wage growth, tax-bonuses spark shopping in retail stocks

Jan 26 2018

U.S. fund managers are betting that rising wages and the effects of the Republican-led corporate tax cut will prove a lifeline to middle-market retailers.

US regulator wants to loosen leash on Wells Fargo: sources

Oct 30 2017

A leading US regulator wants to make it easier for Wells Fargo to pay employees when they leave, loosening a restriction in place.

Indian Markets


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Global Markets


Stocks In News



Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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