Bhinneka News Online: Wells Fargo CEO sees better commercial loan results in fourth quarter

Tuesday, 5 December 2017

Wells Fargo CEO sees better commercial loan results in fourth quarter

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Tuesday, December 5, 2017

Wells Fargo CEO sees better commercial loan results in fourth quarter

(Reuters) - Wells Fargo & Co will likely see improvement in its business lending segment when it reports fourth-quarter earnings in January, Chief Executive Officer Tim Sloan said at an investor presentation on Tuesday.

Q&A: Designer Rachel Roy learned to bend so she will not break

NEW YORK (Reuters) - Going from a California teen working in a clothing store to making dresses for Michelle Obama has been quite the trajectory for fashion designer Rachel Roy.

Shares of big U.S. banks jump as Senate approves tax overhaul

(Reuters) - Shares of the biggest U.S. banks rose on Monday, after the Senate approved a tax overhaul bill on Saturday, raising investor hopes that their earnings would get a boost from a significantly lower tax bill.

Fidelity clients suffer second website glitch in week

BOSTON (Reuters) - For the second time in a week, some clients at Fidelity Investments could not access their online accounts at the powerhouse retail trading brokerage on Monday morning in a glitch described by the company as a technical issue.

Hedge fund Tudor shuts one portfolio; Jones to play bigger role

BOSTON (Reuters) - Paul Tudor Jones, one of Wall Street's most prominent investors, is restructuring his Tudor Investment Corp. by liquidating one portfolio and planning to play a bigger role in managing money at the hedge fund firm he founded nearly four decades ago.

Political risk on Wall Street? Buy the dip!

SAN FRANCISCO (Reuters) - An abrupt stock selloff on Friday, sparked by a report that magnified concerns about President Donald Trump's potential links with Russia, prompted Wall Street's favorite reaction in recent months: "Buy the dip."

British Labour leader Corbyn tells Morgan Stanley: 'We're a threat'

LONDON (Reuters) - Britain's opposition Labour leader Jeremy Corbyn warned Morgan Stanley that bankers are right to regard him as a threat because he wants to transform what he cast as a rigged economy that profits speculators at the expense of ordinary people.

Advisory firms split on Deckers' proxy contest vote

(Reuters) - Two proxy advisory firms on Friday weighed in on one of the year's most bitter proxy battles with one backing UGG boot maker Deckers' management and the other giving partial support to activist hedge fund Marcato Capital Management.

New U.S. tax law could curb charitable donations

NEW YORK (Reuters) - New tax laws could strip away one of the key motivators of year-end giving in the United States - the right to take a tax deduction for the amount you give to qualified charities if you itemize your taxes.

U.S. regional banks delve deeper into advisory services to boost growth

(Reuters) - Squeezed by lower loan growth as interest rates finally begin to rise, regional U.S. banks have been giving more financial advice to mid-sized companies and affluent Americans to drive revenue growth.