Wells Fargo Reaches $1 Bln Settlement To Resolve Federal Securities Class Action Lawsuit

First Republic Bank Secures $30 Bln Rescue Fund From Major US Banks

First Republic Bank, the latest casualty in the ongoing banking turmoil, said it has secured around $30 billion funding from America's 11 largest banks as a lifeline, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo. Following the news, the bank's stock, which has been sinking since last week, gained around 10% on Thursday from the previous day's close.

RTTNews | 725 days ago

Wells Fargo Launches Short-term Flex-Loan

Banking major Wells Fargo has rolled out a new short-term flexi-loan for eligible customers to gain access to funds on the go through the Wells Fargo Mobile Banking app, without the hassles of formally applying for the loan and within minutes. It is currently available in select markets and will be extended nationwide by the end of the year.

RTTNews | 845 days ago

Indonesia Shares May Take Further Damage On Wednesday

The Indonesia stock market has moved lower in two straight sessions, sinking almost 85 points or 1.3 percent along the way. The Jakarta Composite Index now sits just beneath the 6,550-point plateau and it's tipped to open in the red again on Wednesday.

RTTNews | 4h 1min ago

Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Wednesday, reversing some of the losses in the previous session, despite the negative cues from Wall Street overnight. The Nikkei 225 is moving up to near the 36,900 level, with gains in exporters and financial stocks partially offset by some gains in automaker stocks. Some traders also picked up stocks at a bargain after the recent slump.

RTTNews | 4h 2min ago

Hong Kong Shares May Open Under Water On Wednesday

The Hong Kong stock market has moved lower in three straight trading days, stumbling almost 600 points or 2.6 percent along the way. The Hang Seng Index now rests just above the 23,780-point plateau and the losses may accelerate on Wednesday.

RTTNews | 4h 16min ago

China Stock Market May Head South Again On Wednesday

The China stock market on Tuesday ended the two-day slide in which it had dipped almost 15 points or 0.5 percent. The SCI now sits just beneath the 3,380-point plateau although it's expected to turn lower again.

RTTNews | 4h 31min ago

Australian Market Sharply Lower

Australian shares are trading sharply lower on Wednesday, extending the losses in the previous two sessions, with the benchmark S&P/ASX 200 falling below the 7,800 level, following the broadly negative cues from Wall Street overnight, with weakness across most sectors led by iron ore miners and financial stocks. Gold stocks were the only bright spot.

RTTNews | 4h 32min ago

Oversold Taiwan Bourse Called Lower Again

The Taiwan stock market has finished lower in four straight sessions, shedding almost 800 points or 3.6 percent in that span. The Taiwan Stock Exchange now sits just above the 22,070-point plateau and it figures to open under water again on Wednesday.

RTTNews | 5h 1min ago

EURUSD	1.09109	GBPUSD	1.29385	AUDUSD	0.62928
USDJPY	147.928	USDCAD	1.44342	USDCHF	0.88305

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Wells Fargo Reaches $1 Bln Settlement To Resolve Federal Securities Class Action Lawsuit