Category: Money

Wells Fargo reportedly fires foreign exchange execs amid investigations

Wells Fargo fired four foreign-exchange executives amid an investigation into that business both internally and from regulators, The Wall Street Journal reported Friday, citing sources familiar with the matter. Wells Fargo confirmed the departures to the Journal and CNBC. Shares of Wells Fargo remained about 2 percent higher Friday afternoon. The executive firings and investigation…

Trump may have narrowed down Fed pick to Taylor and Powell

Getty Images John Taylor, of professor of economics at Stanford University (l), and Jerome Powell, governor of the Federal Reserve. President Donald Trump’s options for the future Federal Reserve leadership could include not one but two of the top contenders. Trump is leaning toward appointing both current Fed Governor Jerome “Jay” Powell and Stanford economist…