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Bilt has announced a new lineup of credit cards launching in February 2026, which will for the first time allow members to earn rewards points on mortgage payments.
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 has agreed to pay $85 million to settle a lawsuit alleging it conducted "sham" interviews with diverse candidates for already-filled jobs.
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.
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.
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 has lowered its price target for MPLX LP to $59.00 from $60.00 but maintained its 'Overweight' rating, citing a recent asset sale.
