Top News & Analysis North Dakota

  • The San Francisco- based bank, whose purchase of a high-profile location near the Bank of England two years ago was seen as a vote of confidence in the Brexit process, said it would continue to service UK and non-EU clients from London. The company gave no indication whether the move would lead to job cuts in London or how many it would employ in Paris.

  • The San Francisco- based bank, whose purchase of a high-profile location near the Bank of England two years ago was seen as a vote of confidence in the Brexit process, said it would continue to service UK and non-EU clients from London. The company gave no indication whether the move would lead to job cuts in London or how many it would employ in Paris.

  • Oct 16- Wells Fargo& Co said on Tuesday it has applied for an investment firm license in France as part of its Brexit strategy. The San Francisco- based bank is planning to offer a range of capital markets and investment banking services to its European and international customers, subject to regulatory approval from French Prudential Supervision and...

  • President Donald Trump introduces U.S. Circuit Judge Brett M. Kavanaugh as his nominee to the United States Supreme Court during an event in the East Room of the White House July 9, 2018 in Washington, DC. 

    President Donald Trump's approval ratings received a slight bump during the Kavanaugh fight. But Trump's framing of that fight as an attack on men helped give Republican Senate candidates a big boost.

  • Oct 12- Wall Street rose on Friday following its worst two-day slide in eight months as technology and other high-growth stocks led a fight back, while early gains from strong earnings of the biggest U.S. lenders, including JPMorgan, faded. Netflix, Amazon and Apple some of the names that took a hit from an erratic selloff this week rose between 1.7 percent and 4.05...

  • NEW YORK, Oct 12- The U.S. banking industry is enjoying the benefits of a growing economy and lower taxes, and three of the largest lenders reported double-digit profit growth on Friday. Banks also are getting a lift from cost-cutting programs they implemented after the 2007-2009 financial crisis, as well as tax cuts signed into law by President Donald Trump last...

  • WELLS FARGO CFO SAYS DEPOSIT PRICING LIKELY TO IMPACT NET INTEREST MARGIN IN COMING QUARTERS.

  • WELLS FARGO EXPECTS NET INTEREST INCOME TO RISE FOR REST OF 2018 ON BETTER-THAN-EXPECTED DEPOSIT BETAS- CFO.

  • Oct 12- Wall Street was set to rebound on Friday after the U.S. stock market's worst two days of losses since February, as bumper results for the country's largest banks, including JPMorgan, set an upbeat tone for the earnings season. Citigroup rose 2.7 percent as its profit also beat estimates on higher bond trading revenue and strength in consumer banking in...

  • Oct 12- Wells Fargo& Co posted a quarterly profit that fell short of analysts' estimates on Friday, as a $13 billion drop in new mortgage borrowing offset the bank's efforts to cut costs. Chief Financial Officer John Shrewsberry has vowed to reduce about $3 billion in expenses by 2020.. Net income applicable to common stockholders rose to $5.45 billion, or $1.13 per...

  • In the past the bank's lobbying efforts had been modest, but over the past 18 months, Wells Fargo has added more than 15 people to its Washington team, tripling its size, and is still hiring. Wells Fargo has also been highlighting millions of dollars spent on programs dedicated to homelessness, housing for veterans and financial literacy in key lawmakers'...

  • Soybeans are harvested with a Deere & Co. combine harvester in this aerial photograph taken above Tiskilwa, Illinois.

    Soybean farmers in the Dakotas are on track to post a bumper crop, but that's little consolation given they are paying a heavy price in the ongoing trade war with China.

  • Oct 4- Wells Fargo& Co is planning its first post-crisis offering of bonds tied to U.S. home loans without government backing, Bloomberg reported https://www.bloomberg.com/news/articles/2018-10-04/wells-fargo-is-said-to-plan-i t s- f i r s t- p o s t- c r i s i s- m o r t g a g e- b o n d? The $441 million non-agency bond will include top portions, which will be rated AAA and...

  • Understanding the slump — think of it as a mini-recession — of 2015 and 2016 is important in many ways. It helps explains the economic growth spurt of the last two years.

  • NEW YORK, Sept 28- U.S. crude oil production rose 269,000 barrels per day to a record 10.964 million bpd in July, led by record output from Texas and North Dakota, the U.S. Energy Information Administration said in a monthly report on Friday. U.S. crude production has surged thanks to a shale boom and now rivals top producers Russia and Saudi Arabia.

  • WASHINGTON, Sept 24- The U.S. Air Force awarded Boeing Co a $376 million contract to build four helicopters in the first leg of a $2.38 billion deal to replace the fleet of 46- year-old fleet of UH-1N Huey helicopters. The Air Force said it will eventually order 84 helicopters to be delivered from 2020 through 2032.. The Air Force will use the helicopters to protect...

  • A woman waves a flag with a marijuana leef on it next to a group gathered to celebrate National Marijuana Day on Parliament Hill in Ottawa, Canada.

    The move comes at a time when major corporations like Constellation Brands are deepening investments in the space, cannabis stocks are seeing major volatility, and talk of a bubble is brewing.

  • Wells Fargo, which had a total of 264,500 employees as of June 30, said the latest reduction would reflect displacements as well as normal team-member attrition. Wells Fargo reported a lower-than-expected quarterly profit in July as lending activity slowed and the bank said much of the decline had to do with moves to avoid riskier loans. Wells Fargo's shares...

  • Sept 20- Wells Fargo& Co said on Thursday it would reduce its headcount by about 5 percent to 10 percent within the next three years. Wells Fargo, smarting from a prolonged sales scandal in its retail banking business, has been a subject of a number of regulatory probes. "We are addressing past issues, enhancing our focus on customers, strengthening risk management...

  • Coke would join a rush by major alcohol makers and a cigarette company to test the cannabis market and find partners ahead of the Oct. 17 launch of legal recreational marijuana in Canada. Coke and Aurora, in separate statements, each said they were interested in cannabidiol-infused beverages but would not comment on any specifics or talks.