According to Wells Fargo & Co., their credit card applications have dropped about 55% in February as compared to the previous year, which is the biggest decline since the fake accounts scandal that erupted in the month of September.
Finance
Sales Scandal of Wells Fargo Does Not Disrupt the Pay Package of the CEO, Timothy Sloan
A proxy filing reported that the Chief Executive of Wells Fargo & Co, Timothy Sloan has been awarded with a sum of 12.8 million dollars for his contribution to work for the previous year. This amount is an increase of about 17 percent. This handsome money was awarded by the board members despite the accounts …
Snap Shares Drop the First Time after Its Popular Offering in This Month
e-Marketer, which is a researching firm, has predicted that Snap will be creating lesser revenue from its primary source in the year 2017. On Tuesday, the prices of the shares of Snap went down by the rate of 2.8 percent to a value of 20.51 dollars. This is the first time that Snap’s shares went …
Wood Group Becomes the Largest Oil Service Company in Europe After It Acquired Amec
The shares of the two companies rose as John Wood Group Plc consented to the acquisition of Amec Foster Wheeler Plc for a sum of 2.7 billion dollars. The takeover has resulted after the increasing pressure on the service providers from the profits in the energy industry because the prices of oil began to steadily …