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Wells Fargo

A collection of news and information related to Wells Fargo published by this site and its partners.

Top Wells Fargo Articles

Displaying items 23-33
  • L.A. councilman targets JPMorgan Chase, calls for accountability

    L.A. councilman targets JPMorgan Chase, calls for accountability
    A Los Angeles city councilman called Wednesday for his colleagues to explore ways of punishing banking giant JPMorgan Chase & Co. for engaging in financial misconduct, possibly by terminating the company's contracts with the city. Councilman Gil...
  • BofA profit surges as it puts housing crisis further behind it

    BofA profit surges as it puts housing crisis further behind it
    NEW YORK — Bank of America Corp.'s fourth-quarter profit surged as the financial giant continued to work through its hangover from the housing meltdown. The Charlotte, N.C., bank Wednesday reported net income of $3.4 billion, or 29 cents a share,...
  • Wells Fargo eclipses JPMorgan as most profitable U.S. bank

    Wells Fargo eclipses JPMorgan as most profitable U.S. bank
    NEW YORK — Massive legal payouts didn't just cost JPMorgan Chase & Co. billions last year. They also cost the Wall Street giant its title as America's most profitable bank. After weathering a barrage of legal and regulatory assaults in 2013, the...
  • Wells Fargo profit up 10% despite downturn in mortgages

    Wells Fargo profit up 10% despite downturn in mortgages
    Despite a sharp downturn in its market-leading mortgage business, Wells Fargo & Co. reported a 10% improvement in fourth-quarter earnings as loan losses declined and the San Francisco bank collected higher fees in other businesses. Wells, which wrote...
  • Delinquent consumer loans at record lows on bank balance sheets

    Delinquent consumer loans at record lows on bank balance sheets
    Delinquencies on consumer loans have hit another all-time low, according to the American Bankers Assn., which says that is good news for the economy as well as for the balance sheets of the banks that are owed money. Bank credit-card delinquencies...
  • Times investigation of Wells Fargo culture provokes strong reaction

    Times investigation of Wells Fargo culture provokes strong reaction
    A Times investigation into the intense sales culture at Wells Fargo Bank, published in Sunday's newspaper, has drawn strong reaction from the bank's customers and employees. Many related experiences similar to those described in the story. The Times...
  • Letters: Questionable ethics at Wells Fargo

    Re "Wells Fargo sales quotas come at cost," Dec. 22 From 1996 to 2002, I worked at a Wells Fargo branch in Brentwood. My experience was just as The Times reported for other workers. I was criticized numerous times for not selling according to the...
  • Wells Fargo's pressure-cooker sales culture comes at a cost

    Wells Fargo's pressure-cooker sales culture comes at a cost
    Wells Fargo branch manager Rita Murillo came to dread the phone calls. Regional bosses required hourly conferences on her Florida branch's progress toward daily quotas for opening accounts and selling customers extras such as overdraft protection....
  • Three large banks not fully complying with mortgage settlement changes

    Three large banks not fully complying with mortgage settlement changes
    Three of the nation's largest banks are not fully complying with new standards for dealing with mortgage customers that were agreed to as part of a $25-billion settlement of foreclosure abuse allegations, the settlement's monitor said Wednesday. In...
  • Bank of America accused of mortgage discrimination

    Bank of America accused of mortgage discrimination
    The city of Los Angeles has filed a lawsuit against Bank of America, the third banking giant accused of mortgage discrimination in minority communities that in turn led to a wave of foreclosures, reduced property tax revenue and increased costs for city...
  • Bitcoin has clear 'potential for growth,' currency analyst says

    Bitcoin has clear 'potential for growth,' currency analyst says
    Bank of America Merrill Lynch's head of currency research says that bitcoin, the unregulated digital currency, may emerge as a serious competitor to traditional money-transfer providers, and he has identified a fair value for the burgeoning currency. In...