Loss of confidence in Saint Mary's leadership | SaltWire -Wells Fargo's profit fell more than 7% as it earned less from customer interest payments in the first quarter, sending its shares down 3% in premarket trading.
The bank also paid $284 million into a Federal Deposit Insurance Corp fund that was drained last year after three regional lenders failed. Higher-for-longer rates could boost lenders' earnings as they bring in more money from interest payments. The lender still has eight open consent orders after the U.S. Office of the Comptroller of the Currency terminated a 2016 punishment in February.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »