Wells Fargo & Co. on Wednesday named a pair of former Wachovia Corp. executives, Robert Engel and Jonathan Weiss, to run its investment banking and capital markets businesses.
Each had held similar jobs at Wachovia, which San Francisco-based Wells bought last month.
For reprint and licensing requests for this article, click here.
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
The global markets unit contributed over a third of the bank's revenue in the first quarter, underlining how the business underpins Barclays' global ambitions.
The Federal Reserve is slated to undertake a number of important rules and regulations in 2026, but decisions around agency leadership and the Trump administration's avowed effort to exert greater control over the central bank are likely to leave a lasting legacy at the agency.
Our experts expect a mortgage market reset in 2026 with an uptick in originations, but warn lenders not to skimp on compliance even as the reins loosen.
The San Francisco-based banking giant reported a 9% annual jump in quarterly profits. It also made official its appointment of CEO Charlie Scharf as chairman.
