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Wells Fargo refrains from lending to independent car dealerships

David Paul Morris | Bloomberg | Getty Images Wells Fargo is slowing down its auto loan business, as CNBC has experienced exclusively. The bank, one of the largest lenders for new and used car purchases in the United States, sent letters to hundreds of independent car dealers last month, notifying them that the San Francisco-based company was dropping them as …

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Wells Fargo, BofA and JPMorgan grant overdraft relief when stimulus checks are introduced

FILE PHOTO: People walk past the JP Morgan & Chase Co. building in New York in a file photo dated October 24, 2013. REUTERS / Eric Thayer / File Photo (Reuters) – Leading US retail banks said Wednesday that they would relieve current account overdraft customers from taking full advantage of the federal government’s cash stimulus program. Americans will receive …

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Wells Fargo reports EPS of just 1 cent for the first quarter and provides more money for credit losses

Wells Fargo reported first quarter earnings on Tuesday that were well below expectations as the company provided funds for credit losses as part of the coronavirus pandemic. The banking giant reported earnings of just 1 cent per share, while analysts interviewed by Refinitiv expected earnings of 33 cents per share. Revenue of $ 17.717 billion also missed an estimate of …

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Wells Fargo is no longer accepting loans for the Paycheck Protection Program

Wells Fargo is leaving a new federal program to help small businesses keep workers and pay bills during the coronavirus pandemic. The bank announced late Sunday that it would no longer accept new government loan applications Paycheck Protection Programlaunched last week as part of the Washington $ 2.2 trillion economic package. Wells also said that the program is planned to …

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Wells Fargo limits the role in the coronavirus rescue program to $ 10 billion

By Imani Moise (Reuters) – Wells Fargo & Co announced late Sunday that U.S. government small business coronavirus rescue programs are limited to $ 10 billion due to regulatory restrictions. The $ 350 billion loan program launched on Friday will provide low-interest loans that small businesses can use to cover salary and other fixed costs such as rent, mortgage, and …

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Wells Griffith: National Security Council official rejects motion for impeachment

He was scheduled to be deposed on Tuesday, but he will not comply with the impeachment investigators' request, a source involved in the deliberations told CNN. All four witnesses alleged to testify on Monday have not appeared, and several others scheduled for this week have indicated they are not coming. Griffith is a Special Assistant to the President and Executive …

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Former banker of Wells Fargo pleads guilty to $ 60 million film financing scam

Cybersecurity expert and senior member of the Center for Digital Government, Morgan Wright, discuss how fraudsters use text and fake numbers to get people out of their money. He also discusses whether we should distrust the social media app "TikTok" because it's Chinese-owned. Wells Fargo, a film producer and former banker, pleaded guilty to offenders in a federally-torn $ 60 …

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Sarah Hyland and Wells Adams are engaged

It looks like Sarah Hyland accepted Wells Adams the last rose! The couple announced on Tuesday night on social media that they are engaged. "That can not eat, can not sleep, reaches for the stars, over the fence, things of the world series @wellsadams," wrote the star of Modern Family on Instagram with a collage of photos from the Suggestion. …

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