Wells Fargo Announces 444 Layoffs Across Three Oregon Cities
Wells Fargo has announced plans to lay off 444 employees across its Hillsboro, Salem, and Portland offices, with the job cuts taking effect on December 26.
#Wells Fargo#Layoffs#Oregon
#Wells Fargo
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Wells Fargo to Pay $85 Million Over 'Sham' Interview Claims
Wells Fargo has agreed to pay $85 million to settle a lawsuit alleging it conducted "sham" interviews with diverse candidates for already-filled jobs.
#Wells Fargo#Corporate Governance#Lawsuit
Wells Fargo CEO Downplays Systemic Risk in Private Credit
Wells Fargo CEO Charlie Scharf commented on the private credit market, suggesting that while risks exist, they do not currently pose a systemic threat to banks.
#Wells Fargo#Private Credit#Charlie Scharf
Major US Firms Report Mixed Q3 Earnings Results
Major US firms, including Goldman Sachs, Wells Fargo, and Johnson & Johnson, reported varied Q3 earnings, with banks showing a mixed picture on costs and growth.
#Earnings Report#Goldman Sachs#JPMorgan Chase
Wells Fargo Reports 9% Profit Increase in Third Quarter
Wells Fargo announced a 9% year-over-year increase in third-quarter profit to $5.59 billion, with revenue rising 5% to $21.44 billion, beating estimates.
#Wells Fargo#Corporate Earnings#Banking
Wells Fargo Adjusts MPLX Price Target to $59 Amid Asset Sale
Wells Fargo has lowered its price target for MPLX LP to $59.00 from $60.00 but maintained its 'Overweight' rating, citing a recent asset sale.
#MPLX#Wells Fargo#Stock Market