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Wells Fargo former interim CEO Allen Parker to step down as general counsel

Wells Fargo & Co on Thursday said its general counsel Allen Parker, who was formerly interim chief executive officer, would step down in March 2020.



4 years ago

New Roma model joins Ferrari's 'prancing horse' stable

Ferrari on Thursday rolled out the Roma, a record fifth new model announced this year, as the Italian luxury carmaker with the famous "prancing horse" logo looks to sustain profit and share price growth.



4 years ago

Britain's Asda blames Brexit uncertainty for sales dip

Asda, the British supermarket arm of the world's biggest retailer Walmart , blamed lower sales in its latest quarter on Brexit uncertainty, saying it had negatively affected consumers' spending patterns.



4 years ago

U.S. producer prices rise solidly; healthcare costs increasing

U.S. producer prices increased by the most in six months in October, lifted by gains in the costs of goods and services, further bolstering the Federal Reserve's stance that it will probably not cut interest rates again in the near term.



4 years ago

IBM to launch faster weather forecast system to cover the globe

Technology company IBM said on Thursday it will launch a new weather forecasting system which will be able to predict conditions up to 12 hours in advance and cover parts of the world which have not had access to such detailed data.



4 years ago

The number of 401(k) millionaires hits a record high — here's how you can get there, too

The number of Fidelity 401(k) plans with a balance of $1 million or more jumped to a record 200,000 in the third quarter of 2019.

4 years ago

Amazon trims German delivery charges for groceries

Amazon.com is lowering the fee it charges customers in Germany for delivering fresh groceries and allowing its Prime subscribers to pay per order instead of committing to monthly membership, the U.S. company said on Thursday.



4 years ago

Tennis legend and investor Andy Roddick: This is the 'most powerful thing you can be'

You need figure out what your financial plan is, says former U.S. Open champ Andy Roddick.

4 years ago

S&P 500, Dow flat as Cisco losses offset Walmart gains

The S&P 500 and the Dow Jones Industrial Average were unchanged on Thursday, but still hovered near record levels as a dour forecast from Cisco offset gains in Walmart after its strong outlook.



4 years ago

Wells Fargo former interim CEO Parker steps down as general counsel

Wells Fargo & Co said on Thursday general counsel Allen Parker, who briefly served as interim chief executive of the scandal-hit U.S bank, will step down next year.



4 years ago

The move to free stock trading led to a big jump in new accounts for Charles Schwab

Charles Schwab added 142,000 new brokerage accounts in October, a 7% jump from October of last year and up 31% since September.

4 years ago

Walmart posts strong results ahead of holidays, earns praise from Trump

Walmart Inc posted strong results on Thursday as a strong economy boosted purchases at its stores and website and the retailer picked up market share in food and other groceries, earning praise from U.S. President Donald Trump.



4 years ago

Here are the biggest analyst calls of the day: Apple, Verizon, Beyond Meat, & more

Here are the biggest calls on Wall Street on Thursday

4 years ago

Release: Canadian securities regulators sign Fintech co-operative agreement with the MAS

Canadian Securities Administrators | Nov 12, 2019 Montreal and Singapore - Members of the Canadian Securities Administrators (CSA) have signed a fintech co-operation agreement with the Monetary Authority of Singapore (MAS). The members are the securities regulatory authorities in Alberta, British Columbia, Manitoba, New Brunswick, Nova Scotia, Ontario, Québec and Saskatchewan. The agreement extends the

4 years ago

Banks have lost a quarter of the payments franchise to new players – BIS

Finextra | Nov 6, 2019 Non-banks now account for a quarter of the institutions offering payment services or payment instruments, up from 14% in only six years, according to a fresh batch of statistics from the Bank for International Settlements. The data comes from the Basle-based BIS's annual Red Book report on payments and financial

4 years ago