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wells fargo rebounds after buffett's exit raising questions about his decision

Wells Fargo, once a favorite of Warren Buffett's Berkshire Hathaway, has seen its stock rise over 50% since Berkshire exited in early 2022. Following a series of scandals and regulatory challenges, the bank is on the verge of removing a significant asset cap, potentially allowing for growth and expansion. Despite Buffett's early exit, the bank's recent performance suggests he may have sold too soon, although Berkshire's overall investment remains profitable.
The Motley Fool
United States Dollar Visa Inc. NVIDIA Corporation Berkshire Hathaway Inc. JPMorgan Chase & Co. Bank of America Corporation Wells Fargo & Company Netflix, Inc. Citigroup Inc. USA Warren Buffett Donald Trump Charles Scharf Show more
Finance & Economy, Market Report
10:45 27.03.2025

JPMorgan Chase CEO highlights debanking issues amid political account terminations

JPMorgan Chase CEO Jamie Dimon acknowledged that U.S. banks are inadvertently pushing some customers out of the banking system due to unclear federal anti-money laundering guidelines. After a meeting with Republican lawmakers, he emphasized that banks often deny services out of fear of legal repercussions, not due to customers' political or religious beliefs. This comes amid criticism from former President Trump, who accused major banks of denying access to conservatives, prompting calls for clearer regulations on customer service denials.
dailyhodl.com
United States Dollar USA Charles Scharf Brian Moynihan Jamie Dimon Richard Fairbank Show more
Finance & Economy, News Article
18:48 01.03.2025
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