Tag: Wells Fargo
Median pay for CEOs rose nearly 6% in 2025, some compensation...
NEW YORK (AP) – The typical CEO compensation package rose nearly 6% in 2025 to $17.7 million, as company boards rewarded their top executives...
Dow drops 1,000 points after oil spikes to its highest price...
NEW YORK (AP) – The Dow Jones Industrial Average dropped more than 1,000 points Thursday after the price of oil spiked to its highest level...
Retail sales unchanged in October, hurt by decline in auto sales
NEW YORK (AP) – Sales at U.S. retailers and restaurants were unchanged in October from September as consumers moderated their spending amid worries about...
Safe Harbor Marinas sells for $5.65B
PROVIDENCE – Safe Harbor Marinas, which owns and operates 138 marinas across the U.S. and Puerto Rico, including 11 locations in Rhode Island, has...
CVS Health Corp. starts $5B bond sale
WOONSOCKET – CVS Health Corp. started selling $5 billion in investment-grade corporate bonds a week after the company missed first-quarter expectations and chopped its...
Federal Reserve is likely to preach patience as consumers, markets look...
WASHINGTON (AP) – Across the United States, many people are eagerly anticipating the Federal Reserve's first cut to its benchmark interest rate this year: Prospective...
Bank of America profits fall 50% in fourth quarter of 2023
NEW YORK (AP) – Bank of America Corp. saw its fourth-quarter profit fall more than 50% from a year earlier as the banking industry...
BofA to pay more than $100M for doubling fees, opening accounts...
Bank of America must pay more than $100 million to customers for doubling up on some fees, withholding reward bonuses and opening accounts without...
Wells Fargo agrees to pay $1B to settle shareholders’ class-action lawsuit
WASHINGTON (AP) – Wells Fargo has agreed to a pay $1 billion to settle a lawsuit filed by its shareholders who alleged the bank...
Former Bank of America CEO Richard Rosenberg dead at 92
NEW YORK (AP) – Richard Rosenberg, who doubled the size of Bank of America in the 1990s as chairman and CEO and started the bank on...
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