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Wells Fargo Spanked By Fed After Board Gives Itself Whitewash

Wells Fargo Spanked By Fed After Board Gives Itself Whitewash

Wells Fargo's board is struggling to refresh itself after being reprimanded by shareholders for failing to prevent abusive consumer practices that have depressed the bank's stock price.

Black History Month on Wall Street

Black History Month on Wall Street

This Black History month, we are taking a look at the African Americans who have made it to the C-Suite and are making a difference. And sadly, there are not many. Watch our video to learn the names you should know now.

Can Buffett and a Couple of Rich Celebrity CEOs Really Fix Healthcare?

Can Buffett and a Couple of Rich Celebrity CEOs Really Fix Healthcare?

Investors can be forgiven for harboring skepticism that the three celebrity business leaders can do better at cutting healthcare costs than the tens of millions of professionals, consultants and lawmakers who have been working on the issue for decades.

So What Wine Pairs With the SOTU?

So What Wine Pairs With the SOTU?

President Trump will deliver his first State of the Union address at 9 p.m. EST tonight -- and since we had wine experts Mike DeSimone and Jeff Jenssen, a.k.a. the World Wine Guys, in our newsroom anyway, we had to ask them what they were drinking tonight.

JPMorgan, Wells Fargo Get Fat Profits by Skimping on Savers as Rates Rise

JPMorgan, Wells Fargo Get Fat Profits by Skimping on Savers as Rates Rise

The Federal Reserve has raised interest rates over the past two years, but the biggest Wall Street banks are holding the line on the rates they pay depositors. As a result the banks have kept the extra income for themselves, benefiting executives, employees and shareholders at the expense of retirees and other ordinary savers.

JPMorgan CEO's Plan to Stay Five Years Shows He's Up for Another Crisis

JPMorgan CEO's Plan to Stay Five Years Shows He's Up for Another Crisis

Under JPMorgan CEO Jamie Dimon's own formula, a financial crisis happens every five to seven years. It's now been a decade since the last crisis.

For JPMorgan's Dimon, It's a Waste Not to Spend the Tax Windfall

For JPMorgan's Dimon, It's a Waste Not to Spend the Tax Windfall

JPMorgan and rivals in the banking industry are drooling over the billions of dollars they'll save on taxes this year. But whereas rivals like Bank of America and Citigroup want to give a lot of the money back to shareholders, JPMorgan's CEO wants to spend the bank's extra cash or use it to make new loans.

JPMorgan Will Give 22,000 People a 10% Raise With Its Tax Law Windfall

JPMorgan Will Give 22,000 People a 10% Raise With Its Tax Law Windfall

JPMorgan, the biggest U.S. bank, follows competitors Wells Fargo and Bank of America in sharing with workers some of its tax windfall, following a cut in the corporate rate to 21% from 35%.

Crypto Mining 101, What it Is And How it Works (Watch Video)

Crypto Mining 101, What it Is And How it Works (Watch Video)

The World Economic Forum is getting underway in Davos, Switzerland and cryptocurrency, bitcoin and blockchain are in the spotlight. Still confused by it all? Watch this video primer on cryptocurrency.

JPMorgan Boosts CEO Dimon's Pay $29.5 Million as Workers See No Raise

JPMorgan Boosts CEO Dimon's Pay $29.5 Million as Workers See No Raise

The biggest U.S. bank increased CEO Jamie Dimon's pay by 5.3% to $29.5 million for 2017, as profit fell by 1%. That's roughly 240 times what the firm's roughly 250,000 employee make on average, and they got no raise last year.