Dan Amos, Aflac CEO, joins The Final Round to discuss the company's recent philanthropic efforts to combat COVID-19 and how coronavirus is impacting the industry....
(Bloomberg) -- Don’t let anyone tell you regulators haven’t punished Wells Fargo & Co. -- or at least its shareholders.The scandal-ridden bank has lost $220 billion in stock-market value since the Federal Reserve imposed an unprecedented cap on the firm’s assets in early 2018, crimping its ability to add customers and loans. The constraints are biting harder this year as corporate clients draw down credit lines, which pushes up assets and leaves Wells Fargo even less room to seize opportunities.Shares of the bank touched a 10-year low this week as analysts raised alarms that shrinking profits make its current dividend less sustainable. While the coronavirus pandemic has taken a toll on bank stocks across the U.S., Wells Fargo’s drop is the steepest among its main peers this year. And since the Fed imposed its cap, the bank’s market capitalization has fallen much more, valuing the firm at $96 billion by Friday’s...
United Airlines wants to resume passengers flights to China as soon as next month but is waiting on governments in Beijing and Washington, D.C. to allow it, an executive told employees Thursday during a virtual town hall meeting. In early February, United suspended flights to its four China destinations — Shanghai, Chengdu, Beijing and Hong […]...
The snub comes as Musk has sparred with officials in Alameda County over his plans to resume production at the Tesla plant there, which was stopped because of the coronavirus. Five members of California's Employment Training Panel voted to reject the proposal and two voted for it, with one member absent, after discussing Musk's tweets on Tesla's reopening and media reports of layoffs at SpaceX's Hawthorne, California headquarters in recent years....
Reemerging signs of strained relations between the U.S. and China have become more visible as the Trump administration barred Huawei from receiving shipments of technological materials from global chipmakers on Friday. The Final Round panel breaks down the latest news on the rising tensions. ...
