Tuesday 30 October 2018

Exclusive: Wells Fargo says auto insurance remediation will not wrap up until 2020

Exclusive: Wells Fargo says auto insurance remediation will not wrap up until 2020

Wells Fargo & Co will not finish paying back the estimated 600,000 customers it wrongly charged for auto insurance until at least 2020, the bank said in a letter to U.S. lawmakers seen by Reuters.

Exclusive: Short-seller Left to seek investor money for fund

Andrew Left, the founder of Citron Research whose bets against companies from electric car maker Tesla Inc to drug maker Valeant Pharmaceuticals made him one of Wall Street's most prominent short-sellers, is ready to put investors' money where his mouth is.

Million-dollar tips: Life lessons with Ryan Serhant

Ryan Serhant initially turned to New York real estate just to pay the rent and ended up becoming one of the stars of Bravo's "Million Dollar Listing New York" TV series as a top broker with Nest Seekers International.

Adelson and Buffett clash in Nevada showdown over electricity

Casino magnate Sheldon Adelson and investor Warren Buffett are set for a desert showdown over electricity next week as the two billionaires' interests collide on election ballots in Nevada.

Australia's AMP says banking arm to cut fees

Australia's AMP Ltd said on Monday its banking arm would reduce or remove 20 fees to simplify its product offering to customers, after saying last week it was losing clients at its flagship wealth management division.

Wells Fargo hit with lawsuit over robocalls to wrong numbers

A proposed class action lawsuit in San Francisco federal court accuses Wells Fargo of making tens of thousands of automatically dialed, or "robo," calls to cell phones without consumers' consent.

Almost two-thirds of world stocks in bear territory but $8.5 billion flows into funds: BAML

With 63 percent of MSCI's global index now in a "bear" market, world stocks look oversold but global equity funds nevertheless attracted inflows of $8.5 billion over the past week, Bank of America Merrill Lynch said on Friday.

Wells Fargo says aware about issues with ATM and credit card transactions

Wells Fargo & Co on Thursday said it was aware of issues with its debit and credit card transactions.

U.S. fund investors add stock exposure during volatile week: Lipper

U.S. fund investors snapped up shares of stock funds during the latest week despite wild trading, adding $4.2 billion to the products, according to Lipper data on Thursday.

Ricky Gervais escaped factory life by heading to 'The Office'

If you were writing a script about Ricky Gervais' life, it would probably be rejected for having too many fanciful plot twists.

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