Month: January 2019

Wells Fargo pays $575 million to settle state investigations

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AP reports, Wells Fargo will pay $575 million in a settlement with attorneys general from all 50 states and the District of Columbia that are investigating fake accounts opened without the knowledge of customers and a string of other dodgy practices. https://www.youtube.com/watch?v=jsHaCZjt-yQ Read More/Source/Credit/FairUse: https://www.westernjournal.com/ap-wel… Under the agreement announced Friday, the bank will also create … Read more

California maneuvers to make bigger impact in 2020 election

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Nicholas Riccardi for AP reports, Early voting in California’s primary will overlap with the traditional early nominating contests in Iowa, New Hampshire, Nevada and South Carolina. https://www.youtube.com/watch?v=PpgVxXtYc7o Read More/Source/Credit/FairUse: https://apnews.com/b58e7841a89b4535bc… Go west, 2020 presidential candidates? Early voting in California’s primary will overlap with the traditional early nominating contests in Iowa, New Hampshire, Nevada and South … Read more

Corporate bonds set for worst performance year since 2008… JPM to clients: Share buybacks and corporate bond redemptions would likely dissipate

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via Bloomberg: U.S. investment-grade credit spreads are at the highest level in more than two years as the market nears the end of 2018 with the worst returns in a decade. High-grade bonds are returning -2.75 percent this year as of the start of the final trading day of 2018, which is the biggest loss … Read more

Retailers that went bankrupt in 2018 (CNBC)

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by markyu007 Retail had a rough 2018 — Here are five big name brands that went under from CNBC. David’s Bridal Sears Mattress Firm National Stores Gumps Brookstone Rockport Nine West Claire’s The Walking Company Bon-Ton Stores Kiko USA A’gaci https://www.cnbc.com/2018/12/31/here-are-the-retailers-including-sears-that-went-bankrupt-in-2018.html