Category Archives: CNN – Business

Former Wells Fargo CEO banned from banking industry and fined $17.5 million

Former Wells Fargo CEO banned from banking industry and fined $17.5 million

Former Wells Fargo CEO John Stumpf on Thursday agreed to a lifetime ban from the banking industry and a $17.5 million fine for his role in leading the bank through its massive fake accounts scandal and other sales practice misconduct. In addition to Stumpf, the US Office of the Comptroller of the Currency fined seven…MORE

‘Cats’ box office disaster tanks Universal’s profit

‘Cats’ box office disaster tanks Universal’s profit

Universal took a pretty big hit last quarter largely because of the box office disaster that was “Cats.” The film adaptation of the hit Broadway musical made just $60 million worldwide since its opening in late December. The film, which has a 20% score on review site Rotten Tomatoes, was not cheap to make. It…MORE

Longtime PBS NewsHour anchor Jim Lehrer is dead at 85

Longtime PBS NewsHour anchor Jim Lehrer is dead at 85

Jim Lehrer, the legendary debate moderator and former anchor of the “NewsHour” television program, died Thursday. He was 85. Lehrer’s death was announced by his longtime network home, PBS, where he co-founded the “NewsHour” in 1975. PBS said Lehrer died “peacefully in his sleep at home” and did not share further information about the cause…MORE

Is E-Trade the odd man out in the online broker world?

Is E-Trade the odd man out in the online broker world?

The online brokerage world changed dramatically last year after every major firm eliminated commissions and powerhouses Charles Schwab and TD Ameritrade announced a merger. Now investors are wondering: where that leaves E-Trade? E-Trade, which will report its fourth quarter earnings after the closing bell Thursday, now must figure out how to make up that chunk…MORE

Europe’s negative rates under scrutiny as bankers call for change

Europe’s negative rates under scrutiny as bankers call for change

Under growing pressure over record low interest rates, the European Central Bank has decided it’s time to give its unconventional policies another look. The central bank on Thursday launched a review of its strategy, the first since 2003. The ECB is expected to spend the next year evaluating the tools it uses to maintain stable…MORE

Trump zeroes in on his next trade target: Europe

Trump zeroes in on his next trade target: Europe

Having negotiated agreements of sorts on trade with China, Mexico, Canada, South Korea and Japan, President Donald Trump is now turning to his next target: the European Union. Trump made clear at the World Economic Forum in Davos, Switzerland, this week that his administration will move aggressively to negotiate a trade deal with Brussels. And…MORE

Goldman Sachs’ new rule: At least 1 woman on the board or you can’t go public

Goldman Sachs’ new rule: At least 1 woman on the board or you can’t go public

Goldman Sachs won’t take companies public anymore unless they have at least one “diverse” board member, the bank’s CEO David Solomon said Thursday. “From a governance perspective, diversity on boards is a very, very important issue,” Solomon said in an interview with CNBC at the World Economic Forum in Davos, Switzerland. Goldman’s push for diversity…MORE

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