Archive
Wells Fargo turns weak on increasing litigation costs
Scandal hit Wells Fargo & Company (NYSE: WFC) has warned in its quarterly filing on Friday that litigation costs could run up to $2 billion, up $200 million from the prior estimate issued three months earlier. In another development, Warren
Read MoreUS Supreme Court Permits Cities To Sue Banks Over Foreclosure
A US Supreme Court ruling has opened the door for cities to sue banks for discriminatory lending practices that laid the foundation for the collapse of the housing market, triggering the foreclosure crisis in the country. The decision will empower
Read MoreF5 Networks miss Q2 2017 estimates, issues poor Q3 2017 outlook
The stock of F5 Networks Inc. (Nasdaq: FFIV), an internet traffic and content management solutions provider, plunged about 7% last week to close at $129.13. Analysts attribute lower than expected fiscal 2017 second quarter results for the decline in the
Read MoreGreenback turns weak on rise in jobless claims
The US dollar rallied against the Mexican Peso last week, mainly on expectations of announcement of sweeping changes that could be brought about in the US tax system. The steep decline in the price of crude oil also favored the
Read More