Wall Street closed lower Friday as bank and private equity shares sank on private credit worries tied to UK lender Market Financial Solutions and hotter PPI.
Stock futures advanced Tuesday as traders await two key inflation reports, including PPI and CPI, expected to influence the Federal Reserve’s rate decisions and broader market direction.
Wells Fargo faces enforcement action from the OCC for deficiencies in anti-money laundering practices, impacting its financial crime risk management and controls.
Denise Prudhomme, a Wells Fargo employee, was found dead at her desk after four days, highlighting the growing issue of isolation in today’s work environments.
