Bank of America Corp

Dow Jones

Dow Jones Industrial Average Hits New Record High After European Central Bank Extends QE Program

The Dow Jones Industrial Average hit a new all-time high thanks to a surprise boost in financial stimulus by the European Central Bank (ECB). This morning, the ECB announced it would maintain interest rates at their current levels and extend its quantitative easing program through December 2017. The central bank said it will maintain its […]

Now, here's a look at today's most important market events and stocks, plus a preview of Friday's economic calendar.

Wall Street

Wells Fargo Scam Not Unique - Other Banks Do the Same Thing

The evidence is mounting that the Wells Fargo scam was not unusual practice in the banking industry, which means investors need to brace for similar scandals at other banks.

The heavy pressure on workers to "cross-sell" multiple products to the same customer is what got Wells Fargo into hot water – and is accepted practice at most consumer banks.

These are the banks most likely to end up in regulators' crosshairs next...