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Financial Services

Wells Fargo agrees to pay $1 billion to settle shareholders’ class-action lawsuit

WASHINGTON -- Wells Fargo has agreed to a pay $1 billion to settle a lawsuit filed through its shareholders who alleged the financial institution...

CEO pay again in focus as the heads of failed banks appear before Senate panel

NEW YORK -- The fresh disasters of a trio of midsize banks has as soon as again raised questions on whether or not senior...

Saudi Aramco’s 1st quarter profit down about a fifth to $31B

DUBAI, United Arab Emirates -- Oil massive Saudi Aramco reported a first-quarter profit on Tuesday of $31.88 billion, down just about 20% from the...

Bills’ Hamlin will put the millions raised into his charity

NEW YORK -- Buffalo Bills protection Damar Hamlin will use the $10 million given to on-line fundraising campaigns by way of well-wishers after his...

UBS reaps $28B in new money amid Credit Suisse fallout

GENEVA -- Swiss banking large UBS stated Tuesday that it took in $28 billion in new money from rich shoppers in the primary 3...

Credit Suisse investors sue after facing billions in losses

LONDON -- A bunch of Credit Suisse investors have sued Swiss monetary regulators after a government-engineered takeover of the suffering financial institution via rival...

JPMorgan Chase profits jump 52% amid banking turmoil

JPMorgan Chase & Co. posted a 52% jump in its first-quarter profits, helped by means of upper rates of interest, which allowed the financial...

Asia stocks follow Wall St down after US recession warning

BEIJING -- Asian inventory markets declined Thursday after the Federal Reserve mentioned its economists be expecting a “mild recession” this yr.Shanghai, Hong Kong, Seoul...

Mobile home park residents form co-ops to save their homes

PORTLAND, Ore. -- When Gadiel Galvez discovered that the landlord of his cell home park south of Seattle was once having a look to...

Global shares mixed after Wall St dips on weak economic data

TOKYO -- Global shares had been buying and selling mixed Wednesday as Germany reported its manufacturing facility orders surged in February, posting their 3rd...

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