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Wells Fargo News

News on Wells Fargo continually updated from thousands of sources around the net.

Yesterday | Atlanta Business Chronicle

Marsh's new deal opens door for Wells Fargo

Wells, based in San Francisco, purchased Wachovia Corp. last year in the wake of that bank's collapse.

Comment?

Related Topix: Banking, Financial Services, Wachovia Corporation, Atlanta, GA, Atlanta Metro, Advertising, Home, Mortgage

Fri Jul 03, 2009

Charleston Daily Mail

SEC OKs broader executive pay disclosure rules

Executive-pay policies at bailed-out banks would face more scrutiny from shareholders under a proposed rule approved Wednesday by the Securities and Exchange Commission.

Comment?

Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Banking, Bank of America, Financial Services, Corporate Governance

Thu Jul 02, 2009

Daily Record

Judge won't dismiss City's suit against Wells Fargo

UPDATED 6:30 p.m. - The city of Baltimorea s mortgage-lending discrimination lawsuit against Wells Fargo Bank N.A. may proceed to what will be a a oetime consuming and expensivea discovery process, a federal judge ruled Thursday afternoon.

Comment?

Related Topix: Banking, Financial Services, Home, Mortgage, Personal Finance, Legg Mason, Investment Services, Foreclosures

KTIV-TV Sioux City

Wells Fargo eliminating Sioux Falls jobs

Associated Press - July 2, 2009 10:15 AM ET SIOUX FALLS, S.D. - Wells Fargo Financial is eliminating some positions in Sioux Falls.

Comment?

Related Topix: Sioux Falls Metro, Sioux Falls, SD, Financial Services, Banking

Sacramento Business Journal

Wells will accept California IOUs; state sets interest at 3.75%

Wells Fargo said Thursday it will accept California IOUs from its retail and business customers until no later than July 10.

Comment?

Related Topix: Banking, Financial Services, San Francisco Metro, Bank of America

Wed Jul 01, 2009

PR-inside.com

CORRECTING and REPLACING Wachovia Insurance Services, Inc. Becomes...

CORRECTING and REPLACING Wachovia Insurance Services, Inc. Becomes Wells Fargo Insurance Services USA, Inc.

Comment?

Related Topix: Wells Fargo Insurance Services, Banking, Financial Services

Ledger Dispatch

Wells Fargo makes more job cuts

The slump in the automobile industry has prompted job cuts at a Wells Fargo servicing center for auto financing, with about 50 people losing their jobs.

Comment?

Related Topix: Banking, Financial Services, San Francisco Metro, San Francisco, CA, Wachovia Corporation, Walnut Creek, CA

Tue Jun 30, 2009

The Cincinnati Enquirer

Banks face state enforcement, top court says

States can enforce their fair-lending laws against federally chartered banks including JPMorgan Chase & Co.

Comment?

Related Topix: US News, Banking, JP Morgan Chase , Financial Services, US Supreme Court, HSBC Holding

Mon Jun 29, 2009

Bizjournals

SunPower, Wells in $100M solar deal

Wells Fargo & Co. and SunPower Corp. on Monday announced a collaborative effort to fund up to $100 million in SunPower commercial-scale solar systems.

Comment?

Related Topix: Startups, SunPower, Banking, Financial Services, Solar Energy, Science / Technology, Renewable Energy (Green Energy), Energy, Alternative Energy

Sat Jun 27, 2009

Charlotte Business Journal

Longtime Wells Fargo exec moving to Charlotte to lead retail operations

Wachovia bank branches around Charlotte don't yet operate under the Wells Fargo & Co.

Comment?

Related Topix: Financial Services, Banking, Wachovia Corporation

Thu Jun 25, 2009

GuruFocus.com

Wells Fargo, American Express, Goldman Sachs, U.S. ...

WFC , AXP , GS , USB , BNI , UNP , BRK-A , BRK-B WFC , AXP , GS , USB , BNI , UNP , BRK-A , BRK-B Ten days ago, GoruFocus reported that Berkshire Hathaway is going to report decent gain in the investment in 2Q09, giving its book value a boost, thanks to CocaCola Company, Burlington Northern Santa Fe, The Procter & Gamble Company, Wells Fargo & ...

Comment?

Related Topix: US Bancorp, Banking, Financial Services, Investment Banking, American Express, Goldman Sachs Group, Investment Services, Berkshire Hathaway, Insurance

McClatchy DC

Bernanke faults Bank of America executives on Merrill deal

Federal Reserve Chairman Ben Bernanke told a congressional panel Thursday that the Fed had asked Bank of America Corp.

Comment?

Related Topix: Banking, Bank of America, Financial Services, Merrill Lynch and Co, Investment Services, Wachovia Corporation

Wed Jun 24, 2009

Bloomberg Business News

Buying Like Buffett Beats Investing in Berkshire as Stock Market Rebounds

Warren Buffett followers who invest like the billionaire instead of with him have been rewarded since the bear market bottomed more than three months ago.

Comment?

Related Topix: Berkshire Hathaway, Insurance, Warren Buffett, Construction, Investment Services, Omaha, NE Metro, Banking, American Express, Financial Services

Business Leader

Wells Fargo Announces National Award Program

Wells Fargo & Company : As part of its commitment to recognize the accomplishments of African American business owners nationwide, Wells Fargo and the National Black MBA Association announce a call for applications for the third annual NBMBAA/Wells Fargo Entrepreneur Excellence Award.

Comment?

Related Topix: Financial Services, Banking, African-American

Tue Jun 23, 2009

Fool.com

Great Call on Wells Fargo! What's Next?

I'm pretty sure the issues with the global banking system will get nominated for Best Drama at next year's Golden Globe awards.

Comment?

Related Topix: Financial Services, Banking, Bank of America

Sun Jun 21, 2009

Minneapolis/St. Paul Business Journal

Wells Fargo CEO:TARP is "great investment"

Wells Fargo & Co. CEO John Stumpf told business leaders in Charlotte, N.C. on Wednesday that the federal aid his bank received from the U.S. Treasury 's Troubled Asset Relief Program was a "great investment" by taxpayers.

Comment?

Related Topix: Financial Services, Banking, Wachovia Corporation

Sat Jun 20, 2009

Daily Business Review

U.S. Senators Report Portfolio Losses in Wall Street Holdings

Hatch reported holding from $50,000 to $100,000 worth of Charlotte, North Carolina-based Wachovia Corp.

Comment?

Related Topix: US News, US Politics, US Senate, John McCain, Republican, Jon Kyl, North Carolina, Banking, Financial Services, Insurance, American International Group

Fri Jun 19, 2009

San Francisco Chronicle

State's unemployment rate soars

California's unemployment rate soared to 11.5 percent in May, the highest since the eve of World War II, as employers cut 68,900 jobs, according to a bleak report issued Friday by the state Employment Development Department.

Comment?

Related Topix: California, Alameda, CA, Banking, Financial Services, Palo Alto, CA, San Francisco, CA, San Francisco Metro

Gazette.net

Bank accused of predatory practices

One of the nation's largest banks allegedly set up a special sales office to steer risky subprime loans to residents in Prince George's County, Baltimore city and other predominantly black communities at the height of the real estate boom, former Wells Fargo Bank employees allege in a lawsuit.

Comment?

Related Topix: Maryland, Banking, Financial Services, Home, Mortgage, Personal Finance, Foreclosures

Thu Jun 18, 2009

Examiner.com

Stocks mostly fall on bank ratings, FedEx warning

A cautious forecast from FedEx Corp. and a ratings downgrade of 18 banks gave investors new reasons to worry about the economy.

Comment?

Related Topix: Financial Markets, Transportation, FedEx, Air Courier, Banking, Financial Services

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