CNBC's Kayla Tausche reports Wells Fargo is being sued for fraud and taking advantage of customers.» Read More
LOS ANGELES— Wells Fargo Bank employees driven by strict sales pressure issued unwanted credit cards and opened unauthorized accounts that charged customers fees and damaged their credit, according to a lawsuit filed by the city of Los Angeles. "In its push for growth, Wells Fargo often elevated its profits over the legal rights of its customers," Feuer said.
In three hours Monday on CNBC's "Squawk Box," Warren Buffett shared his insights on a range of market and financial topics.
Cognizant Technology Solutions, a technology consulting business, was the biggest gainer in the Standard& Poor's 500 index after it reported earnings that beat the expectations of Wall Street analysts and raised its outlook for earnings and sales for the year. Tyson Foods, the maker of Jimmy Dean sausage products, was another company whose stock gained after...
The CEOs of IBM, American Express, Coca-Cola, and Wells Fargo sat down together for a CNBC interview on what Warren Buffett's investment means to their companies.
John Stumpf, Wells Fargo chairman & CEO; Kenneth Chenault; American Express chairman & CEO; Ginni Rometty, IBM chairman & CEO; and Muhtar Kent, Coca-Cola chairman & CEO, discuss what it's like having Warren Buffett behind you as well as what he looks for in a leader.
OMAHA, Neb., May 3- Warren Buffett puts on a good show. That show grew bigger as more than 40,000 Berkshire Hathaway shareholders poured into Omaha this weekend to celebrate his 50th anniversary running the company, at what the world's third-richest person calls Woodstock for Capitalists. Buffett and his chief lieutenant Charlie Munger answered their five...
Apparently taking advantage of a dip in IBM's stock price, Warren Buffett bought more shares, adding to Berkshire Hathaway's $13.4 billion stake.
OMAHA, Neb.— Berkshire Hathaway shareholders always celebrate Warren Buffett at the annual meeting, but amid the praise Saturday, investors also questioned a couple of the conglomerate's recent business moves. Buffett marked 50 years of leading Berkshire Saturday by spending hours answering questions alongside Vice Chairman Charlie Munger before an...
OMAHA, Neb., May 1- Warren Buffett's Berkshire Hathaway Inc on Friday said first-quarter profit rose 10 percent, and operating results easily beat forecasts, boosted by its railroad and insurance businesses and gains from derivatives. Net income for the Omaha, Nebraska- based insurance and investment conglomerate rose to $5.16 billion, or $3,143 per share, from...
While there is a perception credit is not available, it is more available now and at great rates, Wells Fargo CEO John Stumpf said.
OMAHA, Neb., May 1- Warren Buffett's Berkshire Hathaway Inc on Friday said first-quarter profit rose 10 percent, and operating results easily beat forecasts, boosted by its railroad and insurance businesses and gains from derivatives. Net income rose to $5.16 billion, or $3,143 per share, from $4.71 billion, or $2,862, a year earlier. Quarterly operating profit...
OMAHA, Neb.— Warren Buffett's company said Friday its first-quarter profit jumped 10 percent on the strength of its railroad and insurance businesses. Berkshire Hathaway Inc. earned $5.16 billion, or $3,143 per Class A share, during the first three months of 2015. That's up from $4.71 billion, or $2,862 per Class A share, last year. Berkshire Hathaway officials do...
Wells Fargo CEO John Stumpf, discusses the state of the housing market and demand for home loans, with "Squawk Box" anchor Becky Quick.
Big changes are brewing at Berkshire Hathaway as shareholders gather for Warren Buffett's big weekend.
Even though Warren Buffett is known for his long-term investing strategy, shares of his company Berkshire Hathaway may provide a short-term trade.
More than seven years after the global financial collapse, banks have paid more than $150 billion in fines and other penalties.
China's banks are taking over the world, or at least pushing their U.S. counterparts out of the leadership role, analyst Dick Bove says.
As it gets easier to get a mortgage, more lenders are getting creative in what they are offering consumers.
Some of Warren Buffett's biggest investment may be losing their "mojo."
*Q1 adjusted EPS $1.36 vs $1.25 forecast. *Raises 2015 adjusted EPS forecast to $5.05- $5.35. TEL AVIV, April 30- Teva Pharmaceutical Industries raised its 2015 earnings forecast after beating first-quarter estimates, and said it would devote "all necessary resources" to its $40 billion- plus bid for rival Mylan Inc..