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Wells Fargo

Banking & Finance / Public Companies

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 >
Wells Fargo CEO Charlie Scharf attends an event in Harlem New York in June 2021
Banking & Finance

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 >
An American flag outside the U.S. Capitol building in Washington, D.C.
Banking & Finance / Public Companies

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 >
An American flag outside the U.S. Capitol building in Washington, D.C.
Banking & Finance / Public Companies

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 >
Agriculture & Poultry / Manufacturing / Public Companies / Restaurants & Food / Retail

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 >
Banking & Finance / Business Services / Public Companies

Bank Overdraft Fees Fading

Once a big source of income, overdraft protection fees fall out of step in banking. read more >
Agriculture & Poultry / Banking & Finance / Government & Politics / Manufacturing / Restaurants & Food / Retail / Small Business

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 >
Park Plaza, at Markham Street and University Avenue in Little Rock, is caught up in the brick-and-mortar sales decline that was evident before the COVID-19 pandemic but has been worsened by it. Park Plaza, like a growing number of malls today, appears to be headed for foreclosure.
Banking & Finance / Investments / Legal / Real Estate / Retail

Park Plaza Moves Closer to ForeclosureLock Icon

Lenders are pushing forward with their foreclosure lawsuit against the owners of Park Plaza Mall in Little Rock. read more >
Banking & Finance / Nonprofits / Restaurants & Food / Small Business

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 >
Banking & Finance / Business Services / Education / Investments / Media & Marketing / Public Companies / Restaurants & Food

Rewarding Failure (Editorial)

From Wells Fargo to the Razorbacks, severance packages are getting heavy for those given the heave-ho. read more >
Banking & Finance / Legal

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 >
M.S. Wholesale Plumbing Inc. in Russellville, the lead plaintiff in lawsuits involving unwanted faxes.
Banking & Finance / Legal / Manufacturing / Media & Marketing

Arkansas Fax Avengers Target Wells Fargo for $22MLock Icon

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 >
Banking & Finance / Business Services / Government & Politics / Legal / Media & Marketing

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 >
The Regions Center at 400 West Capitol Ave. in Little Rock is second only to its neighbor, the Simmons Tower, as the tallest building in the state.
Banking & Finance / Business Services / Legal / Real Estate

Wells Fargo Complains of Delays in Regions Center BankruptcyLock Icon

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 >
Banking & Finance

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 >
Banking & Finance / Business Services

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 >
The Regions Center at 400 West Capitol Ave. in Little Rock is second only to its neighbor, the Simmons Tower, as the tallest building in the state.
Banking & Finance / Business Services / Legal / Real Estate

Regions Center Ownership Comprised of 32 Companies

The owners of the 30-story Regions Center in downtown Little Rock have filed a more detailed account of their debts and assets for the building in their Chapter 11 reorganization case. read more >
Regions Center in downtown Little Rock.
Banking & Finance / Business Services / Investments / Legal / Real Estate

Regions Center Consultant: ‘Improper Actions’ Led to Bankruptcy

The owners of the 30-story Regions Center in downtown Little Rock weren’t able to refinance a $32 million loan before it matured on Sept. 1. That put the owners on the road to bankruptcy court. read more >
Banking & Finance / Business Services / Investments / Legal / Real Estate

Foreclosure Surprised Regions Building Owners

An attorney for the owners of the 30-story Regions Center in downtown Little Rock said recently that he had no indication that a foreclosure lawsuit was being filed against the property. read more >
A New York commercial real estate group bought two Fayetteville shopping centers for $43.9 million early this month.
Real Estate / Retail

NY Group Pays $43.9M For 2 Fayetteville Centers

A New York commercial real estate group bought two Fayetteville shopping centers for $43.9 million early this month. read more >