PHILADELPHIA, Oct 13- The Federal Reserve should raise rates sooner rather than later given that the U.S. economy is doing well, Philadelphia Fed President Patrick Harker said on Thursday. "Despite frequent talk about a sub-par economy, we're actually doing pretty well," Harker told the World Affairs Council in Philadelphia, adding that he favored lifting rates "...
NEW YORK— Goldman Sachs unveiled a long-awaited online consumer lending service Thursday, the investment bank's latest push to retail banking. Goldman Sachs is entering into a crowded industry. And there are plenty of personal loan offerings from traditional retail banks like JPMorgan Chase, Bank of America, or U.S. Bank.
When Wall Street reports earnings, investors and analysts will focus on loan growth, expenses and capital markets activity.
NEW YORK, Oct 13- Goldman Sachs Group Inc has launched a new online lending business that targets borrowers saddled with credit card debt, the bank said on Thursday. The business, called Marcus by Goldman Sachs after 1869 founder Marcus Goldman, represents its first major foray into consumer lending as it tries to earn more from the $124 billion in deposits it has...
Whether or not John Stumpf knew about his bank's sales practices, his departure from Wells Fargo had to happen, Jim Cramer says.
Goldman Sachs will begin lending money to regular people Thursday, after almost 150 years of avoiding them like the plague, Buzzfeed reports.
Discussing the fallout for Wells Fargo as well as what to expect from third quarter bank earnings with Eric Wasserstrom, Guggenheim Securities, and Paul Miller, FBR Capital Markets.
Wells Fargo's scandal-plagued John Stumpf is out. Here's a roundup of what Wall Street is saying about the change.
Wells Fargo should pay $100 million to defrauded customers, Mike Mayo tells CNBC.
CNBC's Bob Pisani looks ahead at the day's market action.
LAGOS/ LONDON, Oct 13- When around 100 Nigerian youths staged a protest calling on Central Bank Governor Godwin Emefiele to resign over the slide in the naira, bank officials were keen to play it down. A central bank spokesman denied that there had been an actual media gag, but no major newspaper reported the protest after a meeting with the bank.
Swiss federal prosecutors have launched criminal proceedings against the Zurich-based Falcon Private Bank.
NEW YORK, Oct 13- Goldman Sachs Group Inc has launched a new online lending business that targets borrowers saddled with credit-card debt, the bank said on Thursday. The business, called Marcus, represents Goldman's first major foray into consumer lending as it tries to earn more from the $124 billion in deposits it has on its balance sheet. The bank hired former...
Wells Fargo shares had moved higher immediately after Stumpf announced is retirement on Wednesday.
Mike Mayo, CLSA research analyst, shares his thoughts on whether John Stumpf was a scapegoat for the larger issues still lingering after the financial crisis.
Mike Mayo, CLSA research analyst, talks about the fallout from Wells Fargo's account scandal and why the bank may need to make additional changes.
Marty Mosby, Vining Sparks, says the changes at Wells Fargo are not enough even though Tim Sloan is now at the helm. Also Mosby discusses what he is focusing on when the bank reports quarterly results on Friday.
Jeffrey Sonnenfeld, Yale School of Management, says John Stumpf is a nice guy but he did some bad things, and Wells Fargo's board was late in investigating the scandal.
Jeffrey Sonnenfeld, Yale School of Management, weighs in on the way John Stumpf handled Wells Fargo's sandal and ensuing Congressional hearing, and shares his thoughts on and what's next for the big bank.
The board acted wisely but late, says Jeffrey Sonnenfeld, Yale School of Management, discussing the departure of Wells Fargo CEO John Stumpf in the wake of a sales scandal at the bank.
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