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Top News & Analysis North Dakota

  • NEW YORK, April 13- Big U.S. banks revealed more evidence of a slowdown in loan growth after releasing earnings reports on Thursday, though executives said there is still healthy demand from borrowers and no reason to worry about the state of the economy. "I wouldn't overreact to loan growth," said JPMorgan Chief Executive Jamie Dimon. Wells Fargo's annual loan...

  • WELLS FARGO CFO JOHN SHREWSBERRY SAYS EXPECT ELEVATED OUTSIDE PROFESSIONAL SERVICES EXPENSES FOR SEVERAL QUARTERS.

  • WELLS FARGO CEO SAYS IT WILL BE A CHALLENGE TO GET BACK TO PREFERRED 55-58 PCT EFFICIENCY RANGE IN 2017.

  • Wells Fargo is trying to put a scandal over the opening of unauthorized accounts behind it and earlier this week said it would claw back an additional $75 million of compensation from the two former executives it blamed most for the debacle. Wells Fargo's revenues fell about 1 percent to $22 billion and missed the average estimate of $22.32 billion.

  • The third-largest U.S. bank by assets said net income applicable to common shareholders was $5.06 billion in the first quarter ended March 31, compared with $5.09 billion a year earlier. On a per share basis, profit rose to $1.00 from 99 cents a year earlier, beating the average analyst estimate of 97 cents. Wells Fargo has been dealing with multiple lawsuits and...

  • The third-largest U.S. bank by assets said net income applicable to common shareholders fell to $5.06 billion, or $1.00 per share, in the first quarter ended March 31, from $5.09 billion, or 99 cents per share, a year earlier. Wells Fargo has been dealing with multiple lawsuits and regulatory inquiries since government investigations found in September that some...

  • April 12- Warren Buffett's Berkshire Hathaway Inc withdrew its application to the Federal Reserve to boost its ownership stake in Wells Fargo& Co above 10 percent, and is instead selling 9 million shares to keep it below that threshold. Wells Fargo has been beset since September by a scandal over its creation of unauthorized customer accounts.

  • April 12- Warren Buffett's Berkshire Hathaway Inc on Wednesday said it is selling 9 million shares of Wells Fargo& Co, and will withdraw its application for Federal Reserve permission to boost its ownership stake above 10 percent. Berkshire said it concluded after several months of talks with Fed representatives that boosting its stake in Wells Fargo "would...

  • NEW YORK, April 12- U.S. stocks eased on Wednesday and the S&P 500 closed below a key technical level for the first time since Election Day, pressured by lingering geopolitical concerns and President Donald Trump's comments on the dollar and interest rates. Trump said in a Wall Street Journal interview that the dollar "was getting too strong," though he also said he...

  • NEW YORK, April 12- U.S. stocks eased on Wednesday as investors sought shelter in defensive shares and other low-risk assets amid lingering geopolitical concern. Analysts are expecting earnings to have risen 10 percent in the first quarter, Thomson Reuters data shows. "Short term, it's more policy driven than it is earnings driven," said Mark Lamkin, chief...

  • The United States launched missiles at a Syrian airfield last week to retaliate a deadly chemical attack on civilians. The strikes pushed President Donald Trump, who came to power in January calling for warmer ties with Syria's ally Russia, and his administration into confrontation with Moscow. Investors are concerned that these developments could...

  • North Dakota Senator Heidi Heitkamp

    "Would he be the judge I'd pick? No, never," Sen. Heidi Heitkamp tells CNBC.

  • April 10- An investigation by Wells Fargo& Co's board laid blame for the company's unauthorized accounts scandal on a high-pressure sales culture and a retail executive obsessed with stamping out negative views about her division. The report, carried out by board Chairman Stephen Sanger and three other independent directors and released to media on Monday,...

  • April 10- An investigation by Wells Fargo& Co's board laid blame for the company's unauthorized accounts scandal on a high-pressure sales culture and a retail executive obsessed with stamping out negative views about her division. The report, carried out by board Chairman Stephen Sanger and three other independent directors and released to media on Monday,...

  • WELLS FARGO CHAIRMAN ON CNBC SAYS BANK BOARD COULD HAVE CLAWED BACK MORE OF STUMPF'S COMPENSATION, DECIDED NOT TO.

  • EX-BANK CEO STUMPF' RELIED TOO HEAVILY' ON TOLSTEDT'S REPORTS LEADING TO SUPERVISORY PROBLEMS- WELLS FARGO CHAIRMAN ON CNBC.

  • The report, carried out by board Chairman Stephen Sanger and three other independent directors and released to media on Monday, said former retail division head Carrie Tolstedt ignored the systemic nature of abusive sales practices and accused her of obstructing the board's efforts to get to the bottom of an issue that festered for years.

  • SALES PRACTICE SCANDAL "DIDN'T BECOME WIDESPREAD ISSUE UNTIL 2012"- WELLS FARGO CHAIRMAN STEPHEN SANGER.

  • The probe into how the San Francisco- based bank could have allowed abusive sales practices to fester for years at its branch network laid most of the blame on the former head of the retail division, Carrie Tolstedt, and some of her management team, in a report released to media on Monday. In the report, which was carried out by the bank's chairman Stephan Sanger and...

  • The probe into how the San Francisco- based bank could have allowed abusive sales practices to fester for years at its branch network laid most of the blame on the former head of the retail division, Carrie Tolstedt, and some of her management team, in a report released to media on Monday. In the report, which was carried out by the bank's chairman Stephan Sanger and...