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Wells Fargo filed a cross-complaint for breach of contract, seeking to recover "all sums due and owing" to the bank by "certain members of the purported class" who had been assessed "certain service charges." The bank later stipulated to denial of class treatment of the cross-complaint, b...
Gina Martin Adams of Wells Fargo has long been known as the most bearish strategist on Wall Street. After all, at 1,850, she had the lowest year-end S&P target among major strategists. But on Tuesday, she got rid of that year-end target and initiated at 12-month target of 2,100, ...
Read MoreThese factors could exacerbate selloff: Cashin She says the decline is to be expected, given that theFederal Reserveis pulling back on stimulus. On Wednesday, the central bank reduced its asset purchasing program by an additional $10 billion per month, and is now contemplating when to...