Wells Fargo
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Wells Fargo leads bank earnings, recovery
Jan 11, 2013
Investors have high expectations for Wells Fargo -- the first big bank to report fourth-quarter results -- after turning in nearly three years of solid earnings.
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Wells Fargo to cut ties with independent brokers
Jul 13, 2012
After the Justice Department announced a $175 million settlement with Wells Fargo for alleged discrimination against thousands of African American and Hispanic borrowers, the bank looks to cease operations with independent mortgage brokers, whom they blame for the prejudicial lending.
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Wells Fargo and JPMorgan report big profits
Apr 13, 2012
The two major banks beat expectations with JPMorgan reporting a $5.4 billion profit last quarter, and Wells Fargo making a $4.2 billion profit. Both said an uptick in mortgage lending helped their bottom lines.
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Federal Reserve releases banks' stress test results
Mar 13, 2012
Turns out American banks are in a much better position financially than we thought.
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Big bank earnings signal fourth quarter troubles
Jan 17, 2012
Wells Fargo and Citigroup reported earnings today, and both were doing well until October, when Europe's debt crisis started to take its toll.
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Wells Fargo and Citigroup: A tale of two banks
Jan 17, 2012
Wells Fargo announced a 20 percent yearly profit today, making money on its mortgage business. But Citigroup stumbled as trading revenue dips for stocks and bonds.
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MID-DAY UPDATE: Jobless claims, Suez Canal workers' strike, NYSE merger
Feb 10, 2011
The U.S. Labor Department this morning announced weekly jobless claims fell to 383,000, the lowest level in nearly three years....
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MIDDAY UPDATE: new financial rules, Ghana oil drilling, Facebook
Dec 15, 2010
Federal agencies are beginning to shape the rules under Congress's financial overhaul, also known as the Dodd-Frank law. Regulators want to require...
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MID-DAY UPDATE: Wells Fargo re-files, Nissan recalls and high speed rails
Oct 28, 2010
Wells Fargo will re-file 55,000 problematic foreclosure documents, but will not issue a blanket moratorium. Today, we learned that the number of...
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