Edition:
United Kingdom

Imani Moise

Choppy markets leave U.S. bank bonus decisions in limbo

10 Dec 2019

NEW YORK December is always a month of suspense on Wall Street, as dealmakers, traders and money managers at big U.S. banks wait to find out how much they will receive in bonuses.

RPT-Choppy markets leave U.S. bank bonus decisions in limbo

10 Dec 2019

NEW YORK, Dec 10 December is always a month of suspense on Wall Street, as dealmakers, traders and money managers at big U.S. banks wait to find out how much they will receive in bonuses.

Wells Fargo adds more external bankers to top ranks

02 Dec 2019

Wells Fargo & Co said on Monday Scott Powell will become chief operating officer, the second external recruit to join the top ranks since Chief Executive Charles Scharf took over six weeks ago.

Wells Fargo former interim CEO Parker steps down as general counsel

14 Nov 2019

Wells Fargo & Co said on Thursday general counsel Allen Parker, who briefly served as interim chief executive of the scandal-hit U.S bank, will step down next year.

Vendors squeezed in Wells Fargo cost cutting push

12 Nov 2019

At least seven vendors have given Wells Fargo & Co a partial refund for their services after bank executives pressured the contractors to return 2.5% of revenue earned last year, according to sources familiar with the matter.

IBM, Bank of America team up to launch financial services-specific cloud

06 Nov 2019

International Business Machines Corp said on Wednesday that it has built financial services-specific cloud technology in collaboration with Bank of America Corp , which will be the first major bank to use the platform.

IBM, Bank of America team up to launch financial services-specific cloud

06 Nov 2019

Nov 6 International Business Machines Corp said on Wednesday that it has built financial services-specific cloud technology in collaboration with Bank of America Corp, which will be the first major bank to use the platform.

New Wells Fargo CEO says he wants to fix problems, isn’t a 'wallflower'

31 Oct 2019

Wells Fargo & Co’s new chief executive, Charlie Scharf, told employees this week he is more hands-on in his early days than at his previous CEO roles in order to tackle the bank’s regulatory and operational problems as staff grilled him about everything from growth targets to his family dog.

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