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Wells Fargo News

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

21 hrs ago | Bizjournals

Canopy Financial accused of fraud: report

San Francisco-based Canopy Financial is accused of serious financial fraud, TechCrunch reported, citing anonymous sources.

Comment?

Related Topix: Banking, Financial Services, Startups, TechCrunch, Venture Capital, Emerging Technology, Real Estate, Equity Residential, Foundation Capital

Wednesday | Rushville Republican

Wells Fargoa s Sharlene Simmermon to retire after 44 years of service

In 1965, Sharlene Simmermon was, for the most part, your average 21-year-old. She loved the Beatles, thought the Chevy Impala was one cool car and owned her fair share of bell bottomed trousers.

Comment?

Related Topix: Financial Services, Banking, Rushville, IN, Rush County, IN

Wednesday | Kentucky.com

Saks extends maturity date on revolving credit

Saks Inc. said Tuesday it has extended the maturity date of its revolving credit facility, which has a borrowing capacity of $500 million, and changed certain terms of the loan.

Comment?

Related Topix: Retail, Saks, Financial Services, Banking

Tue Nov 24, 2009

KATU-TV Portland

RV maker Country Coach running out of options

Lawyers for Junction City RV maker Country Coach and its main creditor have told a U.S. Bankruptcy Court judge the company is out of money and nearly out of options.

Comment?

Related Topix: Economics News, Bankruptcy, Financial Services, Banking, Richland Metro

Asbury Park Press Online

Prudential may bid on ING units, Wells Fargo says

Newark-based Prudential Financial Inc., the second-largest U.S. life insurer, may bid on units that ING Groep NV is selling after its bailout by the Dutch government, an analyst at Wells Fargo & Co.

Comment?

Related Topix: ING Group, Insurance, Banking, Financial Services, Prudential Financial, American International Group, MetLife

Atlanta Business Chronicle

Wells Fargo takes Sea Isand parcels

Sea Island Co. has transferred the deeds to its 3,000-acre Frederica golf course community on the Georgia coast and to an undeveloped 400-acre parcel on St.

Comment?

Related Topix: Banking, Financial Services, Hotels, St. Simons Island, GA, Atlanta Metro, Synovus Financial

Mon Nov 23, 2009

Triangle Business Journal

Wachovia donating funds to Toys for Tots

Wachovia Corp. , the No. 1 bank in Raleigh-Durham market share, will donate $1 to Toys for Tots for every Visa gift card it sells through Dec.

Comment?

Related Topix: Financial Services, Wachovia Corporation, Banking, Raleigh, NC

BusinessWeek

ARC Loans' Weak First Month

Diego Iorio sounds like the kind of small business owner the government's new ARC loans are made for.

Comment?

Related Topix: Small Business, Personal Finance, McAllen, TX, McAllen Metro, Tax, Banking, Financial Services

Sun Nov 22, 2009

Seeking Alpha

Bloomberga s Weil: Wells Fargo Needs TARP

Bloomberg opinion columnist Jonathan Weil has a talent for navigating balance sheets of often complex financial firms.

Comment?

Related Topix: Financial Services, Banking

Sat Nov 21, 2009

Atlanta Business Chronicle

Wells Fargo CEO sees hope in Atlanta

The CEO of Wells Fargo & Co. sees hope, and a little pain, in the Atlanta market as early signs point toward a long and slow economic recovery.

Comment?

Related Topix: Atlanta, GA, Atlanta Metro, Banking, Financial Services, Foreclosures

MyBankTracker

Wells Fargo Settles $1.4 Billion Lawsuit Regarding Auction-Rate Securities

Wells Fargo agreed to pay $1.4 billion to investors to settle a lawsuit by California Attorney General Jerry Brown that claims that the bank lied about the strength of its auction-rate securities.

Comment?

Related Topix: Banking, Financial Services

Fri Nov 20, 2009

Bloomberg Business News

Buffett Taps JPMorgan, Wells Fargo for $8 Billion Loan in Burlington Deal

JPMorgan Chase & Co. and Wells Fargo & Co. are arranging an $8 billion loan for Warren Buffetta s Berkshire Hathaway Inc.

Comment?

Related Topix: Banking, Financial Services, JP Morgan Chase , Berkshire Hathaway, Insurance, Construction, Investment Services, Railroads, Burlington Northern Santa Fe, Dallas Metro

Thu Nov 19, 2009

WCNC-TV Charlotte

Wachovia starts to roll out Wells Fargo ATMs

It's the latest sign that remnants of the old Wachovia Corp. are disappearing: On Wednesday, the Charlotte bank replaced the ATM at its trademark branch on South Tryon Street with a high-tech machine from Wells Fargo & Co.

Comment?

Related Topix: Wachovia Corporation, Banking, Financial Services, Charlotte, NC

CNN Money

You don't have to be a millionaire to buy a house

Indianapolis: The country's most affordable city. Housing: Best recovery bets The average home price is forecast to plummet over the next two years.

Comment?

Related Topix: Housing, Home Buying, Home, Banking, Financial Services, Tulsa Metro, Foreclosures

CareerJournal

Hiring Boom in Mortgage Restructuring

Close See a sample reprint in PDF format. Order a reprint of this article now By KYLE STOCK Mortgage restructuring for strapped homeowners has emerged as a rare growth area in the economy as companies in the field keep hiring.

Comment?

Related Topix: Home, Mortgage, Personal Finance, Banking, Financial Services, Citigroup, JP Morgan Chase , Foreclosures

Wed Nov 18, 2009

ABC News

Wells Fargo to Return $1.3 Billion to ARS Customers

The North American Securities Administrators Association says a brokerage unit of Wells Fargo & Co agreed to a $1.3 billion settlement involving auction rate securities .

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Related Topix: Financial Services, Banking

Tue Nov 17, 2009

Seeking Alpha

Mortgage Delinquencies Still Rising

Tuesday morning Trans Union, the big credit bureau, released its quarterly report on mortgage delinquencies, and it was not pretty.

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Related Topix: Home, Mortgage, Personal Finance, Financial Services, Foreclosures, Banking, Bank of America

Mon Nov 16, 2009

San Diego Source

S&P 500 climbs to 13-month high on China growth, rate bets

Stocks continued to move higher of Wednesday as homebuilder shares led the rally.

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Related Topix: Financial Markets, Construction, Toll Brothers, Banking, Financial Services, Investment Banking, Goldman Sachs Group, Investment Services, Bank of America

Sun Nov 15, 2009

Bizjournals

Winston-Salem lawyers sue Wachovia, say it hid Golden West woes

Two Triad attorneys are among a group of shareholders that have filed suit against Wachovia Corp.

Comment?

Related Topix: Wachovia Corporation, Banking, Financial Services, Home, Mortgage

CNN Money

Death of the big bank deal

The days of big bank mergers are gone. And it may be a long time before they ever come back.

Comment?

Related Topix: Banking, Financial Services

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