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Top News & Analysis North Dakota

  • NEW YORK, May 31- New York City voted on Wednesday to suspend Wells Fargo from its municipal debt issuance operations, citing a rating tied to doing business in low and moderate-income communities as having fallen below a "satisfactory" level. The decision adds New York City to other states and municipalities that have banned the bank from handling their funding...

  • BOSTON, May 31- After U.S. But now investors are pouring money back in, boosting net deposits in 22 green funds to nearly $83 million in the first four months of 2017, according to data from Thomson Reuters' Lipper unit. The coal industry faces problems in the marketplace that are too big for any government to solve, said Murray Rosenblith, a portfolio manager for the...

  • The bank's wealth management unit, known as Wells Fargo Advisors, will increase recruiting offers by as much as 50 percent, according to two people briefed on the changes who asked not to be named because they were not authorized to discuss them publicly. "Attracting the industry's top talent will always be a priority for Wells Fargo Advisors," said spokeswoman...

  • *Weekly jobless claims increase 1,000. WASHINGTON, May 25- The number of Americans filing for unemployment benefits rose less than expected last week and the four-week moving average of claims fell to a 44- year low, suggesting further tightening in the labor market. Initial claims for state unemployment benefits increased 1,000 to a seasonally adjusted...

  • WASHINGTON, May 23- A Trump administration plan to sell off half the U.S. emergency crude oil stockpile to help balance the budget faces opposition in Congress, with lawmakers from both parties worried the proposal would undermine the drilling industry and make the country vulnerable to supply shocks. The White House's 2018 budget proposal, sent to Congress on...

  • WASHINGTON, May 23- A Trump administration plan to sell off half the U.S. emergency crude oil stockpile to help balance the budget faces opposition in Congress, with lawmakers from both parties worried the proposal would undermine the drilling industry and make the country vulnerable to supply shocks. The White House's 2018 budget proposal, sent to Congress on...

  • MERCURIA- Completed a pilot oil trade earlier this year, working with bank ING and Societe Generale, in which a "smart contract" letter of credit was set up on a blockchain while the traditional paper process ran in parallel. HSBC- Worked with Bank of America Merrill Lynch and the Infocomm Development Authority of Singapore last year on a proof of concept regarding...

  • MERCURIA- Completed a pilot oil trade earlier this year, working with bank ING and Societe Generale, in which a "smart contract" letter of credit was set up on a blockchain while the traditional paper process ran in parallel. HSBC- Worked with Bank of America Merrill Lynch and the Infocomm Development Authority of Singapore last year on a proof of concept regarding...

  • MERCURIA- Completed a pilot oil trade earlier this year, working with bank ING and Societe Generale, in which a "smart contract" letter of credit was set up on a blockchain while the traditional paper process ran in parallel. HSBC- Worked with Bank of America Merrill Lynch and the Infocomm Development Authority of Singapore last year on a proof of concept regarding...

  • MERCURIA- Completed a pilot oil trade earlier this year, working with bank ING and Societe Generale, in which a "smart contract" letter of credit was set up on a blockchain while the traditional paper process ran in parallel. HSBC- Worked with Bank of America Merrill Lynch and the Infocomm Development Authority of Singapore last year on a proof of concept regarding...

  • MERCURIA- Completed a pilot oil trade earlier this year, working with bank ING and Societe Generale, in which a "smart contract" letter of credit was set up on a blockchain while the traditional paper process ran in parallel. HSBC- Worked with Bank of America Merrill Lynch and the Infocomm Development Authority of Singapore last year on a proof of concept regarding...

  • MERCURIA- Completed a pilot oil trade earlier this year, working with bank ING and Societe Generale, in which a "smart contract" letter of credit was set up on a blockchain while the traditional paper process ran in parallel. HSBC- Worked with Bank of America Merrill Lynch and the Infocomm Development Authority of Singapore last year on a proof of concept regarding...

  • MERCURIA- Completed a pilot oil trade earlier this year, working with bank ING and Societe Generale, in which a "smart contract" letter of credit was set up on a blockchain while the traditional paper process ran in parallel. HSBC- Worked with Bank of America Merrill Lynch and the Infocomm Development Authority of Singapore last year on a proof of concept regarding...

  • MERCURIA- Completed a pilot oil trade earlier this year, working with bank ING and Societe Generale, in which a "smart contract" letter of credit was set up on a blockchain while the traditional paper process ran in parallel. HSBC- Worked with Bank of America Merrill Lynch and the Infocomm Development Authority of Singapore last year on a proof of concept regarding...

  • CHICAGO/ SAN FRANCISCO, May 19- Wells Fargo& Co is paying a price in the U.S. municipal bond market for the bogus customer accounts scandal that hit the bank last year and led to bans by some cities and states, an analysis of Thomson Reuters data shows. California, along with Massachusetts, Chicago, and Ohio, suspended Wells Fargo last fall from pricing their negotiated...

  • CHICAGO/ SAN FRANCISCO, May 19- Wells Fargo& Co is paying a price in the U.S. municipal bond market for the bogus customer accounts scandal that hit the bank last year and led to bans by some cities and states, an analysis of Thomson Reuters data shows. California, along with Massachusetts, Chicago, and Ohio, suspended Wells Fargo last fall from pricing their negotiated...

  • A man pauses in an alley on May 18, 2017 in Morgantown, West Virginia.

    Call them the unrecovered—a handful of states where job markets, nine years later, are still struggling back to where they were before the recession.

  • May 17- A federal judge signaled that he may reject parts of Wells Fargo& Co's proposed $142 million settlement with customers for whom it opened millions of unauthorized accounts. District Judge Vince Chhabria in San Francisco ordered lawyers for customers and the bank to address his concerns, including whether the entire settlement should be rejected,...

  • May 17- A federal judge signaled that he may reject parts of Wells Fargo& Co's proposed $142 million settlement with customers for whom it opened millions of unauthorized accounts. District Judge Vince Chhabria in San Francisco said he was "strongly inclined" to reject the settlement's provision for an injunction barring customers from pursuing other claims...

  • "Wells Fargo has been a part of the Philadelphia community for more than 140 years and we will vigorously defend our record as a fair and responsible lender." Philadelphia accused Wells Fargo of having since 2004 steered minority borrowers into higher-cost, riskier loans than white borrowers, even if they qualified for loans with easier terms, and refused to let...