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Financial Services

Big US banks face a challenging environment for office-space loans but the situation is expected to remain manageable for lenders over time, Citi analyst Keith Horowitz said on 29 May in a summary of a recent industry event hosted by the bank. Citigroup.’s 2023 Beyond the Basics conference highlighted office space...

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  • May 30, 2023

Wells Fargo agreed to pay shareholders $1bn to settle a class-action lawsuit that accused the bank of overstating its progress in cleaning up after its 2016 fake accounts scandal. The bank’s shareholders alleged Wells Fargo and its past leadership misled them about how swiftly they were fixing the governance issues...

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  • May 15, 2023