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A collection of news and information related to Wells Fargo & Co. published by this site and its partners.
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Bank of America CEO faces shareholder ire as protests swirl
Four people were arrested Wednesday as they tried to force their way into the annual Bank of America Corp. shareholders' meeting in Charlotte, N.C. Police used a new ordinance to impose restrictions on the gathering.
Hundreds of people gathered on the...Tags: Banking, Corporate Officers, Mining, Annual and Special Corporate Meetings, Charlotte
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Wells Fargo employee is fired for shoplifting -- in 1972
Yolanda Quesada received recognition rewards, service excellence pins and other accolades over the last five years for her work as a customer service representative in the home mortgage department of Wells Fargo. Then suddenly last week, she was fired....
Tags: Career and Workplace, Labor Legislation, Theft, Mortgages, Crime, Law and Justice
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Stocks fall following JPMorgan's stunning $2-billion loss
NEW YORK – Stocks dropped right out of the gate following JPMorgan & Chase Co.’s stunning disclosure that the bank lost $2 billion in “egregious” trading losses. The Dow Jones industrial average was down 25 points, or 0.2%, to...
Tags: Banking, JPMorgan Chase & Co., Stock Market
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Investors ditch big banks while stock markets overall improve
NEW YORK — Investors are selling off shares of major U.S. banks in midday trading on Wall Street, following news of JPMorgan Chase & Co.’s stunning $2-billion trading loss. While major indexes were initially down in early trading, all had...
Tags: Banking, Citigroup Incorporated, Investment Service, JPMorgan Chase & Co., Morgan Stanley Dean Witter & Company
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Stock market decline is muted, despite bank slump
JPMorgan's surprise $2 billion trading loss prompted a sell-off in financial stocks Friday, with smaller declines across the broader market as investors decided this was more of a problem for investment banks than for other industries. Most of the 10...
Tags: Banking, Investment Service, Energy, Netflix Inc., France
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JPMorgan Chase discloses $2-billion trading loss
Barely four years after Wall Street's wrong-way bets plunged the world into a financial crisis, JPMorgan Chase & Co. admitted it lost $2 billion from a trading portfolio that was supposed to have helped the bank manage credit risk. "These were...
Tags: Financial Markets, Carl Levin, Citigroup Incorporated, JPMorgan Chase & Co., Finance
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Mortgage-aid revisions paying off for lenders and some borrowers
A newly streamlined government plan to reward homeowners who diligently pay their underwater mortgages is proving a bonanza for banks, which by one estimate may pocket $12 billion in extra revenue by refinancing loans.
The revisions to the Obama...Tags: Fannie Mae, Credit Ratings, Freddie Mac, Money and Monetary Policy, Homes
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Stocks continue to slide on Wall Street
NEW YORK -- U.S. stock markets continued to lose ground by midday, with major Wall Street indexes in the red by about 1%. The Dow Jones industrial average was down 165 points, or 1.3%, while the Standard & Poor’s 500 index was down 18 points, or 1....
Tags: Marketing, Finance, New York Mercantile Exchange, American International Group, Bloomberg L.P.
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BofA initiates home loan modification offers
Homeowners with a Bank of America mortgage have good reason to check their mailbox. The lender said Tuesday it has begun mailing out letters to customers who may qualify to have their home loans reduced as part of a multistate settlement over alleged...Tags: Banking, Federal Housing Administration, Loans, Fannie Mae, Financial and Business Services
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DirecTV profit increases 8.5%
DirecTV, the largest U.S. satellite-TV provider, reported an 8.5 percent increase in first-quarter profit as it focused on retaining U.S. customers rather than adding news ones.
Net income rose to $731 million, or $1.07 a share, from $674 million, or...Tags: NFL Sunday Ticket (tv network), Buyback, Companies and Corporations, DirecTV Group Inc., Computing and Information Technology Industry
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BofA begins contacting distressed homeowners about principal cuts
It's not quite a check in the mail, but certain distressed mortgage borrowers at Bank of America Corp. will be happy they opened the letter anyhow. The Charlotte, N.C., lender said Tuesday it has begun contacting about 200,000 customers who have fallen...Tags: Federal Housing Administration, Banking, Fannie Mae, Countrywide Financial Corp., Financial and Business Services
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Study finds more bank branches, but only in higher-income areas
Despite recent cutbacks, the number of U.S. bank branches is significantly higher now than six years ago — but only in more well-to-do areas. A new study found the number of bank and thrift offices rose 8.4% since 2006 in neighborhoods whose...Tags: Financial Markets, Wachovia Corp., Personal Income
May 9, 2012
|Story| AP Member Choice Complete
May 10, 2012
|Story| Los Angeles Times
May 11, 2012
|Story| Los Angeles Times
May 11, 2012
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May 11, 2012
|Story| AP Member Choice Complete
May 10, 2012
|Story| Los Angeles Times
May 9, 2012
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May 8, 2012
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May 8, 2012
|Story| AP Member Choice Complete
May 8, 2012
|Story| Bloomberg
May 9, 2012
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May 1, 2012
|Story| Los Angeles Times
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