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Take Five: The week before next

Global markets anticipate volatility due to key inflation data, upcoming earnings reports from major banks, and eurozone IPO activity, influenced by U.S. political changes and China's economic status.

investing.com • 10/01/2025 - 08:23 AM

WFC

What is a government shutdown, and what are the potential economic implications?

The article discusses the recent US government shutdown, its economic impacts, and implications for federal employees and essential services, emphasizing uncertainty in economic planning.

investing.com • 03/01/2025 - 17:07 PM

WFC

Wells Fargo departs climate banking group in another high-profile exit after Goldman

Wells Fargo has withdrawn from the Net-Zero Banking Alliance, joining other firms exiting climate initiatives under political pressure from Republican officials, signaling a shift in environmental commitments.

investing.com • 20/12/2024 - 16:59 PM

US consumer watchdog sues top banks over alleged fraud on Zelle payment app

The CFPB has sued JPMorgan, Bank of America, and Wells Fargo, claiming they failed to protect consumers from widespread fraud on Zelle, prompting calls for legal and consumer safety reforms.

investing.com • 20/12/2024 - 14:39 PM

Zelle operator and major banks face CFPB lawsuit over fraud issues

The CFPB sued Zelle and its bank owners for failing to protect consumers from fraud, alleging negligence led to over $870 million lost and inadequate complaints handling.

investing.com • 20/12/2024 - 14:23 PM

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WFC

Wells Fargo and LPL Financial pay $900,000 each for deficient trading data

Wells Fargo and LPL Financial settled SEC charges for inaccurate trading data, each paying $900,000. Both firms are improving their reporting systems and admitted violations.

investing.com • 20/12/2024 - 14:13 PM

WFC

Will federal government spending be slashed in 2025?

Analysts suggest U.S. federal spending in 2024 will remain high due to political and structural challenges, with mandatory spending and defense being key areas of concern.

investing.com • 17/12/2024 - 21:29 PM

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WFC

Take Five: The week before next

What is a government shutdown, and what are the potential economic implications?

Wells Fargo departs climate banking group in another high-profile exit after Goldman

US consumer watchdog sues top banks over alleged fraud on Zelle payment app

Zelle operator and major banks face CFPB lawsuit over fraud issues

Wells Fargo and LPL Financial pay $900,000 each for deficient trading data

Will federal government spending be slashed in 2025?

Trump advisers reported plan to ease banking oversight may not get required support

Factbox-Big banks expect a quarter-point cut for ECB's first meeting of 2025

Trump advisers exploring steps to shrink or abolish bank regulators - WSJ

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