Wells Fargo
US Labor Market Continues to Surprise and the Unemployment Rate, Against the Odds, is Falling
The U.S. job market has still cooled considerably from red-hot days of 2021-2023 when the economy bounced back with unexpected strength from COVID-19 lockdowns and companies were desperate for workers. read more >
by Associated Press -
Spencer Lunghino Named Chief Development Officer at Rock Dental Brands (Super Mover)
In Lunghino’s new role, he will spearhead all of Rock Dental Brands’ mergers and acquisitions strategy. read more >
Storage Project Starts With $5.1M Purchase (Real Deals)
Discover key real estate transactions across Little Rock, from a $5.1M Riverdale Center sale to high-value homes, offices, and condos changing hands. read more >
by George Waldon -
Big Bank Quarterly Results Show Signs of Consumers Slowing Down Spending
JPMorgan set aside $3.1 billion to cover potentially bad loans, up sharply from a year earlier, as the bank acknowledged that delinquencies were climbing. read more >
by Associated Press -
Banks Upbeat on US Consumer Despite Bank Profit Declines, Inflation and Rising Debt Levels
The biggest banks in the country posted strong profits last year, helped by higher interest rates and a strong economy, despite having to deal with the lingering industry costs of last year's banking crisis that caused the collapse of Silicon Valley Bank and Signature Bank. read more >
by Associated Press -
Bank CEOs Increasingly Turning Pessimistic on Economy
Reflecting the dimmer macroeconomic view, Citigroup, Wells Fargo and JPMorgan socked away cash in their loan-loss reserves. read more >
by Associated Press -
Bank CEOs Warn That US Economy Faces ‘Daunting’ Challenges
JPMorgan Chase's Jamie Dimon, Citigroup's Jane Fraser and other chief executives said the U.S. consumer is in good shape but faces threats from high inflation and rising interest rates. read more >
by Associated Press -
Bank CEOs Warn That US Economy Faces ‘Daunting’ Challenges
JPMorgan Chase's Jamie Dimon, Citigroup's Jane Fraser and other chief executives said the U.S. consumer is in good shape but faces threats from high inflation and rising interest rates. read more >
by Associated Press -
Westrock Reports Q1 Results Ahead of Public Listing
The Little Rock-based coffee and tea company said it narrowed its losses and upsized its new credit facility. read more >
Bank Overdraft Fees Fading
Once a big source of income, overdraft protection fees fall out of step in banking. read more >
EXPLAINER: Why US Inflation Is So High, And When It May Ease
Sharply higher inflation, should it persist, might compel the Fed to accelerate plans to raise interest rates. read more >
by Associated Press -
Park Plaza Moves Closer to Foreclosure
Lenders are pushing forward with their foreclosure lawsuit against the owners of Park Plaza Mall in Little Rock. read more >
Correction: $1.25M in Loans to be Available for Minority-Owned Businesses
Wells Fargo awards $1.25 million in grants to Communities Unlimited of Fayetteville and Southern Bancorp of Little Rock. read more >
Rewarding Failure (Editorial)
From Wells Fargo to the Razorbacks, severance packages are getting heavy for those given the heave-ho. read more >
Not a Good Look (Editorial)
It takes some doing to make Wells Fargo look like a sympathetic victim, but the legal community in Pope County has managed it. read more >
Arkansas Fax Avengers Target Wells Fargo for $22M
Financial giant Wells Fargo is the latest company snared in a multimillion-dollar legal strategy honed in Arkansas: filing class-action suits over unwanted faxes. read more >
by Mark Friedman -
My Mama Done Tol’ Me (Gwen Moritz Editor’s Note)
As our CEO, Olivia Farrell, has told me in the pained voice of experience, be careful what you incentivize because you will surely get it. read more >
by Gwen Moritz -
Wells Fargo Complains of Delays in Regions Center Bankruptcy
The main creditor in the Chapter 11 bankruptcy reorganization involving the 30-story Regions Center in downtown Little Rock has accused the building’s owners of dragging their feet. read more >
Wells Fargo Scandal Weighs Heavily on Other Big Banks
It's the topic the banking industry can't avoid, even when people prefer not to mention it by name: Wells Fargo. read more >
by Associated Press -
Diamond Bank Opens Branch In Crowded Ashdown Market
Diamond Bank of Murfreesboro is expanding its southwest Arkansas footprint by opening an Ashdown branch. read more >
by George Waldon -
Sign up for Daily E-news
Sign Up
THIS WEEK’S EDITION
This Week’s Stories
View Digital Edition
