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As a result, the Consumer Financial Protection Bureau ordered Bank of America (BAC) to pay more than $100 million to customers and $90 million in penalties. The Office of the Comptroller of the Currency also ordered Bank of America (BAC) to pay $60 million in fines. “Bank of America wrongfully withheld credit card rewards, double-dipped on fees, and opened accounts without consent,” CFPB Director Rohit Chopra said in a statement. Bank of America noted in an email to CNN that those fees were eliminated last year. In 2014, it was ordered by the CFPB to pay $727 million in redress to consumers for illegal credit card practices.

Persons: Wells, ”, Rohit Chopra, Bank of America “, “ Organizations: New, New York CNN, Bank of, Consumer Financial Protection Bureau, Bank of America, Currency, “ Bank of, OCC, CNN, of America Locations: New York, United States

☆ Mexican Pemex estimates platform fire shut in 700,000 barrels of oil
▼ + stars: | 2023-07-09 | by ( ) www.reuters.com time to read: +1 min

[1/3] Boats spray water onto an offshore oil platform that caught fire at the Pemex's Cantarell Field, in the Bay of Campeche, Mexico July 7, 2023. The fire started early Friday on the Nohoch-A link platform of the company's Cantarell Field and later moved to a compression complex, killing two people. "Today, 700,000 barrels of losses have been reflected (...) because we closed practically all the wells in the area," Romero said via the company's Twitter account. As of Saturday afternoon, 600,000 barrels of production had resumed, the executive added. Most of Mexico's crude production, approximately 1.6 million bpd, comes from the shallow waters of the Gulf of Mexico.

Persons: Octavio Romero, Romero, Cantarell, Pemex, Marion Giraldo, Anna, Catherine Brigida, Kim Coghill Organizations: REUTERS Companies, Ciudad del, Thomson Locations: Bay, Campeche, Mexico, Handout, MEXICO, Gulf of Mexico, Cantarell, Ciudad

☆ It’s Toxic Slime Time on Florida’s Lake Okeechobee
▼ + stars: | 2023-07-09 | by ( ) www.nytimes.com time to read: +14 min

For thousands of years, Lake Okeechobee pumped life into Florida’s swampy interior. Lake Okeechobee 10 miles Lake Okeechobee 5 miles Lake Okeechobee 5 miles Algal bloom extent on June 12 Source: Satellite image by Landsat By Leanne AbrahamRainy season is just starting, but by late June the lake’s level was roughly two feet higher than the United States Army Corps of Engineers would like. Sunrise over Pahokee and Lake Okeechobee. “Like clockwork.”Similar outbreaks have struck lakes elsewhere, including Lake Champlain, Lake Erie and Lake Tahoe. Equally challenging to grasp is the idea that the whole new lake, as big as it sounds, will fill to capacity if only six inches of Lake Okeechobee is sent its way.

Persons: Ian, Fort Myers, Stuart —, Leanne Abraham Rainy, ”, Star Robinson, it’s, Herbert Hoover, Palm Beach Herbert Hoover, Leanne Abraham, Gil Smart, Robinson, It’s, Herbert Hoover Dike, Roy Senff, Okeechobee’s outflows, Sherwin, Williams, Hoover, Stuart, Nature, Col, James Booth of, Tim Harper, “, Biden, Ron DeSantis, Eric Eikenberg, Bill Mitsch, Mother Nature, Floridians, Stefani Hughes, Smart, VoteWater aren’t, They’re Organizations: United States Army Corps, Engineers, Army Corps of Engineers, Orlando Area, Air, Palm Beach Herbert, Everglades, States Geological Survey, Everett, Inc, Fort, Florida Water Management District, Florida Legislature, Gov, Everglades Foundation, Research, Florida Gulf Coast University Locations: Okeechobee, Fort, Pahokee, Lake Okeechobee, Ala, Orlando, Fla, Kissimmee, Florida, Myers, Gulf, Mexico, Miami, Ga, Palm, Everglades Miami, Lake Champlain, Lake Erie, Tahoe, Stuart, U.S.D.A, Manhattan, South Florida

☆ The credit crunch is getting worse and bankruptcies are on the rise
▼ + stars: | 2023-07-03 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

David Tesher: Before we were forecasting a short and shallow recession, but we no longer think there’s going to be a recession. Hard decisions are being made, and that’s going to feed back into corporate growth prospects. As economic conditions slow, credit is becoming tighter and companies are defaulting at a faster pace than they have. So yes, some corporations are distressed, but this isn’t something affecting the entire market, which is what you’d associate with a broad credit crunch. Big Tech is back with a vengeanceLast year was rough for tech companies: Tech stocks fell more than 30% in 2022, while the overall market dropped 20%.

Persons: Banks, Bell, David Tesher, we’re, We’re, There’s, reevaluation, it’s, Meta, Wedbush’s Daniel Ives, Liz Ann Sonders, Charles Schwab, ”, Megan Horneman, Matt Egan, John LaForge Organizations: CNN Business, Bell, CNN, P, Big Tech, Tech, Apple, Nvidia, Microsoft, Verdence Capital Advisors, Nasdaq, Dow Jones, AAA, That’s, US Energy Information Administration, Wells, Investment Institute

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Persons: —, you've, Wells, Banks, Foster, Ally, you’ll, Charles Schwab, Chase, Wells Fargo Organizations: Service, Bank of America, Credit Union, Chevron, Alliant Credit Union, Express, American Express, FDIC, Reading Chevron, Axos, Axos Bank, Blue Federal, Blue Foundation, NOVA, Capital, Schwab, Savings, Chase Bank, Overdraft, Chase, locator.chase.com, Green, Banking, The Bancorp Bank, Stride Bank, N.A, CIT Bank, Bank, FDIC CIT Bank, CIT, Connect, Citi, Member FDIC Citi, BBB, Consumers Credit, Credit, Consumers Credit Union, Delta Community Credit, Community Credit, Utah Free, Discover, Discover Bank, FDIC Discover, Falcon International, International, Falcon International Bank, International Bank of Commerce, American, Laredo Federal Credit Union, Latino Community Development Center, North Carolina, Community Credit Union, Latino Community Credit, Navy Federal Free, Federal Free, NCUA Navy Federal Free, Navy Federal Credit Union, Department of Defense, Premier, LifeGreen, Regions Bank, City Federal Credit, River City Federal Credit, Federal Credit, City Federal Credit Union, Employees Credit, NCUA, State Employees Credit Union, Member, Service Credit Union, American Consumer, Security, Security Service, UT, Stripes, Security Service Credit Union, The Security, Synchrony Bank, . Bank, U.S, Bank's Locations: Chevron, Colorado and Wyoming, NY, LA, TX, VA, NJ, Washington, Alaska, Hawaii, Puerto Rico, CA, CT, FL, Chicago , Illinois, eDocuments, Metro Atlanta , Georgia, Kentucky , Texas, Georgia, Texas, AZ, Arizona , California, Colorado, Oklahoma, Laredo, North Carolina, Charlotte, Piedmont Triad, North, American, City, River City, River, San Antonio , Texas, Bexar County, Europe, New Hampshire, Massachusetts, Colorado , Texas, Utah

☆ Fourth of July gas prices take almost unprecedented plunge
▼ + stars: | 2023-06-30 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

During the week ending June 26, the average gas price was $3.57 a gallon, according to the US Energy Information Administration. Although pump prices have retreated from last year’s record highs, gas prices were cheaper in the summer of 2021 and certainly in 2020 when Covid-19 shut down large swaths of the economy. Pump prices plunge in Ohio, CaliforniaStill, over the past 12 months, gas prices are down in all 50 states, according to AAA. Washington recently replaced California with the unwanted distinction of having America’s most expensive gas prices. Why gas prices are downThe tumble in gas prices is an undeniable positive for consumers.

Persons: John LaForge, ”, Patrick De Haan, De Haan, “, ” Wells Fargo’s LaForge, LaForge, Wagner, Vladimir Putin’s, GasBuddy’s De Haan Organizations: New, New York CNN, AAA, That’s, US Energy Information Administration, Wells, Investment Institute, Drivers Locations: New York, Covid, Ohio , California, Indiana, Ohio, California, Illinois, Washington, Ukraine, Russia

☆ Play defense and load up on quality stocks because a recession is coming, Wells Fargo strategist says
▼ + stars: | 2023-06-29 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +2 min

Investors should target high-quality stocks with a recession coming, according to a Wells Fargo strategist. "Move into larger cap, higher quality US equities – we like the energy, materials and healthcare sectors," Sameer Samana told Yahoo Finance. "Move into larger-cap, higher-quality US equities," Samana, senior global market strategist at the Wells Fargo Investment Institute, told Yahoo Finance. "We like the energy, materials and healthcare sectors." But Samana cautioned against loading up on mega-cap tech stocks only without diversifying into other sectors, likening the AI buzz to the dot-com boom in the late 1990s.

Persons: Sameer Samana, —, fretting, Samana, Price Organizations: Yahoo Finance, Service, Wells, Investment Institute, Federal Reserve Locations: Wells, Samana

☆ Recession obsession, AI boom and wild markets: What Wall Street can expect for the rest of 2023
▼ + stars: | 2023-06-22 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

So what does the rest of the year have in store for Wall Street? Unfortunately, Wall Street is unlikely to receive the clarity it seeks anytime soon. Still, economists at the Federal Reserve believe that a recession seems more likely by the end of 2023 than not. AI boom: Wall Street has a lot to worry about, but there’s at least one source of market euphoria: artificial intelligence. Satisfying your sweet tooth is about to get more expensiveIf you have a sweet tooth, take note: Cocoa prices have been soaring — and that could drive chocolate prices higher.

Persons: it’s, Rachel, Ross, Mulder, Scully, Sam, Diane, Vladimir, Estragon, Samuel Beckett’s, ”, Michael Arone, Matthew Bartolini, Darrell Cronk, “, Arif Husain, Rowe Price, Wells, Justin Thomson, Liz Ann Sonders, Charles Schwab, Samantha Delouya, It’s, Danielle Wiener, Bronner, El, Paul Organizations: CNN Business, Bell, New York CNN, Investors, State, Federal Reserve, JPMorgan, Wells, Investment Institute, Silicon Valley Bank, Signature Bank, First, State Street, JPMorgan Chase, ”, “, OceanGate Expeditions, Federal Aviation Administration, Virgin Galactic, SpaceX, Rabobank Locations: New York, Silicon, First Republic, Washington, Europe, Asia, United States, China

☆ Wyndham Clark: 'I wish you could be here, Mom,' says US Open golfer of late mother
▼ + stars: | 2023-06-17 | by ( Jack Bantock | ) edition.cnn.com time to read: +4 min

CNN —“Play big.”For the last decade, American golfer Wyndham Clark has carried a two-word rule into every competition. It’s an instruction left by his mother, Lise Clark, who died of breast cancer in 2013 while he was learning his trade at Oklahoma State University. “When she was sick and I was in college, she told me, ‘Hey, play big,’” Clark told reporters after his second round on Friday. So far, Clark's best-ever major finish was a top-75 finish at the PGA Championship in 2021. Having missed the cut on both previous starts at the major, the Denver-born golfer is comfortably on course to beat his best-ever major finish, a top-75 finish at the PGA Championship in 2021.

Persons: CNN —, Wyndham Clark, Lise Clark, ” Clark, “, Clark, ”, Ezra Shaw, Rickie Fowler, Xander Schauffele, Fowler, she’s, “ I’m, Mike Ehrmann Organizations: CNN, Los Angeles Country Club, Oklahoma State University, “, PGA, Wells, Championship, Schauffele Locations: Denver, Charlotte , North Carolina

☆ At the U.S. Open, Wyndham Clark Is Confident, and It Shows
▼ + stars: | 2023-06-16 | by ( Bill Pennington | ) www.nytimes.com time to read: +1 min

When I’m out there playing, I want to do that for her.”Clark conjured the memory in the wake of two consecutive stellar rounds at the national golf championship at Los Angeles Country Club. He has steadily been climbing the world golf rankings with six top-10 finishes on the PGA Tour during the 2022-23 season. Last month, he earned his first tour victory at the Wells Fargo Championship in Charlotte, N.C., a milestone that Clark, now ranked 32nd in the world, said significantly bolstered his belief in himself. In the months after the death of his mother, who had introduced him to golf as a toddler, Clark struggled on and off the course. When he competed poorly, Clark would storm off the golf course and, he said, “just drive away as fast as I could, I didn’t even know where I was going.”

Persons: ” Clark, Clark, teed, Clark’s, ”, “ Organizations: Los Angeles Country Club, U.S, PGA, Wells Locations: Thursday’s, Charlotte, N.C

☆ The market rally has spread to our 4 industrial stocks. Here's what we're doing next
▼ + stars: | 2023-06-15 | by ( Paulina Likos | ) www.cnbc.com time to read: +9 min

Our four industrial-focused stocks — Caterpillar (CAT), Emerson Electric (EMR), Honeywell (HON) and Linde (LIN) — have all been gaining steam over the past three months. There are positive short-term catalysts for our industrial holdings including the U.S. government's commitment to infrastructure spending, global decarbonization initiatives, and industrial automation. For all these reasons, Jim said EMR stock has been "stuck in the mud." EMR stock also pays a healthy 2.5% annual dividend yield and is a real dividend aristocrat. The Club's take: Jim expects Honeywell's stock to go higher from here as the market broadens beyond a handful of tech stocks.

Persons: Jim Cramer, Jim, he's, He's, Jerome Powell, we've, Jim Umpleby, Umpleby, Umpleby's, We're, Jim Wednesday, Emerson, Vimal Kapur, Lewis, Linde Linde, Linde, there's, Jim Cramer's, Luke Sharrett Organizations: Caterpillar, Emerson Electric, Honeywell, Linde, LIN, Federal, Dow Jones, Nasdaq, Tech, Companies, U.S, Caterpillar Caterpillar, CAT, Emerson, National, HSBC, Management, National Instruments, Honeywell Honeywell, CNBC, Whayne, Bloomberg, Getty Locations: China, Wells, Louisville , Kentucky

[1/3] Signs of JP Morgan Chase Bank, Citibank and Wells Fargo & Co. bank are seen in this combination photo from Reuters files. The S&P 500 Banks Index (.SPXBK) rose 1.14%, while the KBW Regional Banking Index (.KRX) gained about 2%. JPMorgan Chase (JPM.N), Wells Fargo (WFC.N), Goldman Sachs (GS.N), Morgan Stanley (MS.N), Citigroup (C.N) and Bank of America (BAC.N) advanced between 1% and 2%. Higher net interest income has helped cushion a slump in the banking sector's market-sensitive business units such as investment banking and trading. Zions Bancorporation (ZION.O) shares fell 0.56% after its executives forecasted a slowdown in net interest income.

Persons: JP Morgan, Wells, Mike Santomassimo, Jack Janasiewicz, JPMorgan Chase, Goldman Sachs, Morgan Stanley, Zions, Manya Saini, Sriraj Kalluvila, Lisa Shumaker Organizations: JP Morgan Chase Bank, Citibank, Wells Fargo & Co, Federal Reserve, Labor Department, Traders, Natixis Investment, Banks, JPMorgan, Citigroup, Bank of America, Comerica Inc, Comerica, Bancorp, Western Alliance, U.S . Bancorp, National Bancorp, Thomson Locations: U.S, Wells, KBW, Monday's, Wells Fargo, Bengaluru

☆ 'Don't chase this equity rally': Wells Fargo strategist has a warning for investors ahead of Fed meeting
▼ + stars: | 2023-06-12 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

There's a risk that stocks will go downhill from here, according to Wells Fargo's Paul Christopher, as he warned investors not to chase the current rally. "Even if the Fed stays on hold next week, we don't think the Fed stays on hold for very long — inflation is just too sticky." Christopher added that he does not believe the Fed will cut rates this year. History shows the S & P 500 doesn't bottom until, on average, six months after the first Fed rate cut, Christopher said. The rally has been a narrow-focused one, however, with gains driven by just a few major tech stocks.

Persons: Wells Fargo's Paul Christopher, Paul Christopher, he's, CNBC's, Christopher Organizations: Wells, Investment Institute, U.S . Federal, CNBC, Nasdaq, Treasury Locations: U.S

☆ America has lost half its public companies since the 1990s. Here’s why
▼ + stars: | 2023-06-09 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

Why it matters: The count of publicly listed companies traded on US exchanges has fallen substantially from its peak in 1996. It’s not that America has half as many companies as 30 years ago – it’s that companies are increasingly staying private, largely outside the scrutiny of the public eye. Publicly listed companies are subject to regulatory oversight and disclosure requirements, which help ensure transparency and maintain investor confidence. “I think it’s natural that companies would delay going public when valuations get halved and investors are not enthusiastic about investing in new companies,” said Kennedy. Some private equity funds have even taken advantage of the bear market to buy up publicly traded companies.

Persons: Matthew Kennedy, “, ”, Kennedy, Torsten Slok, Janet Yellen, Matt Egan, Yellen, Antony Blinken, Elon Musk, Laxman Narasimhan, Jamie Dimon Organizations: CNN Business, Bell, New York CNN, Center for Research, Renaissance, Apple, Microsoft, Party, Apollo Global Management, “ Companies, Wells, China, CNN, China Business Council, FedEx, Pepsi, Walmart, Ford, JPMorgan Chase, America ., Marshall Locations: New York, America, Wells Fargo, United States, China, Washington, Beijing

Your credit score is only one of several factors that determine whether your credit card application will be approved. Credit Card for Excellent Credit Frequently Asked QuestionsWhat is the best credit card for excellent credit? Can I qualify for a credit card without excellent credit? You can absolutely qualify for a credit card without having excellent credit. Compare the Best Credit Cards for Excellent Credit Capital One Venture X Rewards Credit CardChase Sapphire Preferred® CardBank of America® Premium Rewards® credit cardDiscover it® Miles Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Persons: Read, We're, Uber, Peacock, Uber Cash, Merrill, Miles you've, Miles, There's, gofree Wyndham, you'll, You'll, It's, Chase, Cardholders, cardholders, you've, Wyndham Organizations: Excellent Credit, Capital, One, Chevron, American Express, American, Express, Hilton, Marriott, Saks, Entertainment, Disney, ESPN, The New York Times, Street, Walmart, Credit, TSA, Global, Saks Fifth, Reading Chevron, Target, Chase, Bank of America, Bank of America's, of America, Bank of America Travel Center, Wyndham, Business, Venture, Resorts, Saks Fifth Avenue, The Bank of America, Rewards, Barclays, Wyndham Rewards, Diamond, Vacasa Locations: Hulu, Wells, Wyndham

☆ Opinion | Congress Is Turning Climate Gaslighting Into Law
▼ + stars: | 2023-06-01 | by ( Jonathan Mingle | ) www.nytimes.com time to read: +2 min

If completed, the Mountain Valley Pipeline will be a very large and long-lived methane delivery device. At the end of the line, the methane will be burned in power plants and furnaces, producing carbon dioxide. But now that wind, solar and battery storage are indeed quite ready and, in many places, cheaper than gas, the jig is up. Though the assertions that the pipeline is necessary and good for the climate defy logic, the political calculus is clear enough. Mr. Manchin was also a supporter of another large gas pipeline that would have originated in his state: the Atlantic Coast Pipeline, which I have been reporting on since 2019.

Persons: Biden, Manchin Organizations: U.S . Energy, Administration, Congressional, Atlantic Coast Pipeline, Federal Energy Regulatory Commission

☆ This Nordstrom Credit Card Offers Early Access to the Retailer’s Annual Anniversary Sale
▼ + stars: | 2023-05-31 | by ( ) www.wsj.com time to read: +6 min

(Nordstrom does offer another credit card, the Nordstrom Retail Credit Card, which offers similar rewards but can only be used to make store purchases.) While Nordstrom’s rewards aren’t top of the market, especially when compared to flat cash back credit card options, the card does come with a big fringe benefit for devotees of the department store: early access to the Nordstrom Anniversary Sale, which begins each year in July. The Nordstrom Visa credit card also rewards your spending at Nordstrom—or wherever else you shop. No foreign transaction feesIt is worth noting that not all of these perks are exclusive to credit card users, including early sale access. Nordstrom’s Visa credit card makes the most sense for serious fans of the retailer—people who shop there regularly and deeply value accessing the store’s annual anniversary sale early to nab the most-coveted deals.

Persons: Kerri Anne Renzulli, Nordstrom, who’ve, you’d Organizations: Nordstrom, TD Bank, you’ve, Nordy, nab Locations: Nordstrom, The Wells

☆ U.S. banks sink on concerns about office real estate loans
▼ + stars: | 2023-05-31 | by ( Sinéad Carew | ) www.reuters.com time to read: +3 min

Investors worried about potential losses among banks from office real estate loans after comments from executives, including Wells Fargo & Co's (WFC.N) Chief Executive Officer Charlie Scharf and Blackstone President Jonathan Gray at a Sanford C Bernstein investor conference. Meanwhile, Blackstone's Gray talked about "unprecedented weakness" in older office buildings while noting that this segment currently makes up less than 2% of company's equity portfolio in real estate. Rick Meckler, partner, Cherry Lane Investments, a family investment office in New Vernon, New Jersey said "continued concern over loans made to the office market," was hurting bank stocks broadly on Wednesday, citing the Wells Fargo comments. "The implication is that there are those that will suffer even if Wells Fargo is diversified enough," Meckler said. KeyCorp, down 5.5%, was the biggest decliner in the S&P bank index, and Zions was next, down 4.9%.

Persons: Andrew Kelly, Wells, Charlie Scharf, Blackstone, Jonathan Gray, Sanford C, Wells Fargo's Scharf, Blackstone's Gray, Gray, Bernstein, Rick Meckler, Meckler, Morgan Stanley, Goldman Sachs, Zions, Sinéad Carew, Mehnaz Yasmin, Nick Zieminski Organizations: Citibank, New York Stock Exchange, REUTERS, Banks, Investors, Buyers, Cherry Lane Investments, Citigroup, JPMorgan Chase &, Bank of America, Citizens Financial, Western Alliance Bancorp, PacWest Bancorp, Comerica, PNC Financial Services, Fifth Third Bancorp, Federal Deposit Insurance Corporation, Thomson Locations: Manhattan , New York City, U.S, New Vernon , New Jersey, New York, Bengaluru

☆ Opinion | The Case for Obligation
▼ + stars: | 2023-05-20 | by ( Brad Stulberg | ) www.nytimes.com time to read: +1 min

The roots of these mammoth trees, stretching some 200 feet into the air above us, run only six to 12 feet deep. Instead of growing down, they grow out, extending dozens of feet to each side, enmeshing themselves with the roots of their neighbors. This is why we never see a lone redwood: They can survive only in a grove, bound together in obligation. But in our age of autonomy, efficiency, boundaries and self-care, we too often deprioritize, if not overlook altogether, the wellspring of strength and meaning that comes from obligation. If we commit to certain people and activities, if we feel an obligation to show up for them, then it’s likely that we will, indeed, show up.

To qualify for the bonus, you must have an eligible account — a Chase personal checking account, Chase personal savings account, or J.P. Mortgage Wealth Management non-retirement account. To be eligible for the $600 checking account bonus, you can't own a Huntington checking account. Banks paying $500 or more to open a business bank accountHuntington Bank: $1,000In addition to its personal checking account cash bonuses, Huntington Bank also has three business checking account promotions. You must be a new business checking account customer to qualify for the Huntington Bank Unlimited Plus Business Checking Account bonus by May 22, 2023. Chase: up to $500Chase also is offering a business bank account bonus of up to $500 for new business customers who open the Chase Business Complete Checking account.

Compare TD Bank and Wells Fargo TD BankWells Fargo Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Read our review Read Our Review A looong arrow, pointing rightTD Bank vs. Wells Fargo Savings Account ComparisonsThe TD Simple Savings Account and Wells Fargo Way2Save® Savings Account are each bank's standard low-fee savings account. Wells Fargo has a $525 cash bonus for new customers who open any qualifying Wells Fargo savings account by June 27, 2023 (CDs are not eligible, nor are savings accounts through Wells Fargo Private Banking). Winner: TD Bank TD Bank CDs might catch your eye if you're searching for CD variety or special types of CDs. Wells Fargo vs. TD Bank: Frequently Asked QuestionsIs Wells Fargo better, or TD Bank?

Compare Bank of America and Wells Fargo Bank of AmericaWells Fargo Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. See the best bank account bonuses right now>>Winner: Wells Fargo The Wells Fargo Everyday Checking Account has a lower opening deposit requirement and makes it easier to waive the monthly service fee. Winner: Wells Fargo If you're eligible for the Wells Fargo savings bonus, this bank is the clear winner. Winner: Bank of America If looking for a variety of term options or a low minimum opening deposit, Bank of America easily tops Wells Fargo. Bank of America and Wells Fargo: Frequently Asked QuestionsIs Bank of America better or Wells Fargo?

☆ How the president of Abbot Downing tried to save the Wells Fargo unit for the ultra-rich from being folded
▼ + stars: | 2023-05-16 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +4 min

Wells Fargo folded Abbot Downing, which served the bank's wealthiest clients, in late 2020. In late 2020, Wells Fargo disbanded Abbot Downing, the unit that catered to the bank's wealthiest clients. Abbot Downing was folded into Wells Fargo's private bank, which also serves rich clients, but it wasn't a safe haven. Business Wire via APGinter left Wells Fargo in September 2021 to launch a new registered investment advisor the following March. Some ex-Abbot Downing employees refer to Callan the "new Abbot Downing" for its focus on the ultra-rich set.

☆ This biotech stock could yield 33% upside ahead of cancer trial data, Wells Fargo says
▼ + stars: | 2023-05-16 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Wells Fargo expects upcoming results from Novocure's LUNAR trial to be a catalyst for the stock. Novocure shares were gaining 3.5% on the back of the Wells Fargo upgrade, which lifted the stock's rating to overweight from equal weight. Analyst Larry Biegelsen also set a new price target of $104 per share, which represents 33% upside from Monday's closing price of $78.38. The LUNAR trial studied the efficacy of combining tumor treating fields, which target tumors with electrical frequencies, with more traditional therapies, including immunotherapies, to treat non-small cell lung cancer. NVCR YTD mountain Novocure stock could yield as much as 33% upside ahead of cancer treatment study data, Wells Fargo says.

☆ After Mishap-Laden Masters, McIlroy Seeks a Sharper Swing and a Clearer Mind
▼ + stars: | 2023-05-16 | by ( Alan Blinder | ) www.nytimes.com time to read: +1 min

PITTSFORD, N.Y. — About six weeks ago — that is, a missed Masters Tournament cut, a self-imposed hiatus and a tie for 47th at the Wells Fargo Championship ago — Rory McIlroy talked about pies. “It’s just putting all those ingredients in and setting the oven to the right temperature and letting it all sort of come to fruition.”This week’s P.G.A. But a victory or a strong showing would quiet the doubts that have arisen around McIlroy, who is No. 3 in the Official World Golf Ranking but perpetually shadowed by his failure to capture a major championship since 2014. Despite his membership at Oak Hill, McIlroy has been reluctant to declare some sort of home-course advantage since he, after all, lives in Florida.

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