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Wells Fargo posts fourth straight revenue miss on mortgage issues



(Reuters) - Wells Fargo & Co reported an 19 percent profit decline on Friday and weaker revenue than Wall Street had expected for the fourth consecutive quarter due to mortgage issues, sending its shares down 3.5 percent.


Other News

U.S. regulators drop fraud case against Wall Street financier Wey (Reuters) - U.S. securities regulators on Friday moved to drop their fraud case against Wall Street financier Benjamin Wey, about a month after pros...
Toshiba courts funds as SK Hynix, Micron Technology bid for chip stake: sources SEOUL/TOKYO (Reuters) - Toshiba Corp favors private equity bidders in the sale of a stake in its chip business, as suitors including rivals SK Hynix...
U.S. refiners cash in on Mexico’s record fuel imports NEW YORK/HOUSTON (Reuters) - U.S. Gulf Coast refiners are cashing in on rising fuel demand from Mexico, shipping record volumes to a southern neighb...

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