EY's Kerrie MacPherson discusses how women have been over-mentored and under-sponsored
The fourth-quarter results were bolstered by a gain from writing down deferred tax liabilities - essentially money that Wells Fargo still owed to U.S. tax collectors from past years that now will likely never have to be paid.
Big Wall Street bond-trading houses like JPMorgan have been plagued over the past year by a spell of unusually low price swings in fixed-income and commodities markets.
The revolving door doesn't spin much faster than this. Keith Noreika, a lawyer for Wall Street banks like JPMorgan Chase and Citigroup, took over in May 2017 as head of one of the main U.S. bank regulators. Less than a year later, he's back at his old firm -- representing banks.
Apple CEO Tim Cook saw his pay rise nearly 50% this year to $12 million and change.
The world's richest people added $1 trillion to their fortunes last year as Asia had more billionaires on the list than the U.S. for the first time.
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.
Wall Street has faced increasingly tough regulations since the financial crisis of 2008, embodied in the Dodd-Frank Act of 2010. President Donald Trump, in office for less than a year, has appointed multiple heads of financial-industry regulatory agencies who are already moving to scrap or weaken the post-crisis measures.
It's pretty hard to understand Republican arguments that depriving consumers of the right to sue would actually help them. Experts say it probably wouldn't.
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