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YeoSiewHoon
2021-09-14

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Wells Fargo Should Be Broken Up, Warren Says. The Stock Is Rising.

Wells Fargo (WFC) should be broken up, Elizabeth Warren wrote in a letter to the Federal Reserve acc

Wells Fargo Should Be Broken Up, Warren Says. The Stock Is Rising.

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The Stock Is Rising.","url":"https://stock-news.laohu8.com/highlight/detail?id=1167899302","media":"Barrons","summary":"Wells Fargo (WFC) should be broken up, Elizabeth Warren wrote in a letter to the Federal Reserve acc","content":"<p>Wells Fargo (WFC) should be broken up, Elizabeth Warren wrote in a letter to the Federal Reserve according to the New York Times.</p>\n<p>Warren would like to see the Fed split Wells Fargo’s banking business from its more Wall Street-centered businesses. “Continuing to allow this giant bank with a broken culture to conduct business in its current form poses substantial risks to consumers and the financial system,” the New York Times quoted Warren as writing.</p>\n<p>Wells Fargo stock has gained 55% in 2021, more than doubling the&nbsp;SPDR S&amp;P Bank ETF’s&nbsp;22% rise, and the&nbsp;S&amp;P 500’s&nbsp;19% rise, as investors bet that the company could benefit less onerous regulation.</p>\n<p>Wells Fargo stock was up 1.5% to $46.45 following the report, even as the SPDR S&amp;P Bank ETF dipped 0.1%.</p>\n<p>Wells Fargo was not immediately available for comment.</p>\n<p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wells Fargo Should Be Broken Up, Warren Says. 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The Stock Is Rising.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-14 22:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/wells-fargo-warren-break-up-51631628108?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wells Fargo (WFC) should be broken up, Elizabeth Warren wrote in a letter to the Federal Reserve according to the New York Times.\nWarren would like to see the Fed split Wells Fargo’s banking business ...</p>\n\n<a href=\"https://www.barrons.com/articles/wells-fargo-warren-break-up-51631628108?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WFC":"富国银行"},"source_url":"https://www.barrons.com/articles/wells-fargo-warren-break-up-51631628108?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167899302","content_text":"Wells Fargo (WFC) should be broken up, Elizabeth Warren wrote in a letter to the Federal Reserve according to the New York Times.\nWarren would like to see the Fed split Wells Fargo’s banking business from its more Wall Street-centered businesses. “Continuing to allow this giant bank with a broken culture to conduct business in its current form poses substantial risks to consumers and the financial system,” the New York Times quoted Warren as writing.\nWells Fargo stock has gained 55% in 2021, more than doubling the SPDR S&P Bank ETF’s 22% rise, and the S&P 500’s 19% rise, as investors bet that the company could benefit less onerous regulation.\nWells Fargo stock was up 1.5% to $46.45 following the report, even as the SPDR S&P Bank ETF dipped 0.1%.\nWells Fargo was not immediately available for comment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":551,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":10,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}