Post Profile






California just dealt another blow to Wells Fargo

The state of California will no longer use Wells Fargo as an underwriter for the issuance of state municipal bonds, and the bank will have no involvement in the state's banking or investment activities for the next 12 months. California is the largest issuer of municipal bonds and the home state of Wells Fargo. In a release, the state's Treasurer admonished Wells Fargo for its recent fake account scandal.
read more

share

Related Posts


Goldman Sachs Q3 earnings rise 58% on trading revenue

Business & Finance : USAToday: Money

The Goldman Sachs Group, the investment banking giant, said Tuesday its third quarter net income rose 58% as higher revenues for trading and equity investments helped offset sluggish investment banking business.        

Bank of America: Investors are getting worried that a bond market crash is coming (TLT, TLO)

Business & Finance : Business Insider: Money Game

Across asset classes, investors are worried the most about a bond-market crash, according to a survey of fund managers around the world conducted by Bank of America Merrill Lynch. They think that bond prices are frothy, showing sign...

Wells Fargo's Polar Opposite

Business & Finance : Forbes: Business

Wells Fargo continues to wrestle with its recent scandal, in which some 5,000 employees were shown to have opened fake accounts. New CEO Tim Sloan said last Friday that he wants to “earn back” the bank’s reputation. Good luck to him...

California Suspends `Business Relationships' With Wells Fargo

Business & Finance / Mortgage & Banking : Mortgage Lender Implode-O-Meter

California, the nation's largest issuer of municipal bonds, is barring Wells Fargo & Co. from underwriting state debt and handling its banking transactions after the company admitted to opening potentially millions of bogus customer...

California Queries Banks About Swaps on State Debt

Business & Finance : DealBook

California's state treasurer, Bill Lockyer, has sent a letter to six big banks that underwrite the state's municipal bond sales, asking about the banks' involvement in selling credit default swaps on California debt.

Comments


Copyright © 2016 Regator, LLC