Stocks and Finance

Wells Fargo

Wells Fargo 9/21/2011

12:11 : Moody's downgrades Wells Fargo - CHICAGO (MarketWatch) -- Moody's Investors Service on Wednesday downgraded the long-term ratings of Wells Fargo & Co.'s senior debt to A2 from A1 while moving the rating on its deposits to Aa3 from Aa2 and keeping its outlook on the ...
Source : marketwatch-com

Wells Fargo 9/19/2011

12:57 : Wells Fargo economist: 1 in 3 chance of another recession - Economic developers from around the world, meeting at the Charlotte Convention Center, heard a range of optimism and gloom about the economy this morning.
Source : newsobserver-com

Wells Fargo 9/16/2011

11:28 : Wells Fargo sues JPMorgan unit over mortgages - JPMorgan Chase's EMC Mortgage unit was sued by Wells Fargo, the trustee for a mortgage portfolio, for refusing to buy back more than 800 defective home loans. EMC rejected "repeated repurchase demands" for the loans ...
Source : sfgate-com
06:23 : Wachovia begins switch to Wells Fargo in S.C., and it's more than signs - (By Rick Rothacker, rrothacker@charlotteobserver.com) After the close of business today, Dan Tate and his staff in the Wachovia branch on Celanese Road will clear out old brochures, hang up fresh Wells Fargo ...

Wells Fargo 9/15/2011

04:59 : Wells Fargo taps John Rindlaub to lead Asia Pacific biz - John V. Rindlaub, Wells Fargo CEO for the Pacific Northwest region, has been named the Regional President of Wells Fargo’s Asia Pacific operations. Rindlaub, who has been with this bank for ten years, was tapped for his expertise to ...
Source : bizjournals-com

Wells Fargo 9/14/2011

14:32 : Wells Fargo is lowering its valuation range for Illinois Tool Works ([[ITW - Wells Fargo is lowering its valuation range for Illinois Tool Works (ITW +3.7%) to $52-$54 from $62-64, believing the machine tool maker is vulnerable to North America and Europe's macro problems. Nontheless, ...
Source : seekingalpha-com

Wells Fargo 9/9/2011

17:10 : Wells Fargo ([[WFC]] -3.6%), which has less international exposure than ... - Wells Fargo (WFC -3.6%), which has less international exposure than many other top-tier U.S. banks, is reportedly weighing a bid for the private-banking arm of Belgium's KBC Group (KBCSF.PK). KBC is required to sell the business as ...
Source : seekingalpha-com
16:57 : Wells Fargo shops fire sales amid Europe’s banking conflagration - Wells Fargo is turning heads as it cuts deals to buy assets being unloaded by Europe’s troubled banks. No one should be surprised. And yet some observers appear puzzled that Wells is looking for opportunities amid the financial firestorm ...
Source : bizjournals-com

Wells Fargo 9/8/2011

09:17 : KeyCorp. hires ex-Wells Fargo exec - Cleveland-based KeyCorp on Wednesday said a former Wells Fargo & Co. senior vice president will lead the healthcare segment team in its global treasury management group, based in Charlotte.Peter Wheeler will be responsible ...

Wells Fargo 8/31/2011

15:22 : Goodbye, Wachovia: Wells Fargo comes Oct. 15 - Wachovia has nailed down the date that it will morph into Wells Fargo: Saturday, October 15. Wachovia, which was acquired by San Francisco-based Wells Fargo at the end of 2008, announced three months ...
Source : newsobserver-com
11:06 : Red Hat ([[RHT]] +3.8%) moves higher this morning after Wells Fargo initia - Red Hat (RHT +3.8%) moves higher this morning after Wells Fargo initiates coverage with an outperform, saying the company has evolved into a broad-based provider of infrastructure stack solutions, and is well positioned ...
Source : seekingalpha-com

Wells Fargo 8/30/2011

16:57 : Wells Fargo hiring 90 for busy Twin Cities mortgage unit - Wells Fargo & Co. said Tuesday it plans to hire 90 people for full-time positions in its busy Twin Cities mortgage operations. The bank said in a news release its adding the positions to its Wells Fargo Home Mortgage ...
Source : bizjournals-com
07:52 : Settlement in the works for Wells Fargo, city of Memphis - The city of Memphis and Shelby County reportedly are negotiating a settlement with Wells Fargo over a lawsuit filed in 2009 claiming the banking giant used predatory lending tactics locally that violated the Fair Housing Act. The Commercial ...
Source : bizjournals-com

Wells Fargo 8/28/2011

21:23 : Wells Fargo, JPMorgan, Loan Star win Anglo Irish loans: sources - NEW YORK (Reuters) - Wells Fargo & Co, JPMorgan Chase & Co and Lone Star Funds were the winners of the $9.5 billion pool of U.S. commercial real estate loan sold by failed lender Anglo Irish...
Source : reuters-com
04:50 : Wells Fargo (WFC), JPMorgan (JPM) and Lone Star have reportedly won final - Wells Fargo (WFC), JPMorgan (JPM) and Lone Star have reportedly won final bids for Anglo Irish Bank's $9.65B portfolio of U.S. commercial real-estate loans, with the winning offers averaging about $0.80 on the dollar. JPMorgan and Wells ...
Source : seekingalpha-com

Wells Fargo 8/26/2011

20:42 : JP Morgan, Wells Fargo win Anglo Irish U.S property loans - (Reuters) - JPMorgan Chase , Wells Fargo & Co , and distressed debt and equity investor Lone Star Funds have won bids for Anglo Irish Bank's $9.5 billion U.S. commercial real estate loan...
Source : reuters-com

Wells Fargo 8/23/2011

07:06 : Wells Fargo Says Beware The Gold 'Bubble' - NEW YORK (TheStreet) -- Darrell Cronk, Wells Fargo Regional CIO, defends his company's recent note telling investors that gold is in bubble territory.
Source : thestreet-com

Wells Fargo 8/22/2011

14:42 : Wells Fargo converting in S.C. Sept. 17 - Wachovia bank branches in South Carolina, Maryland and Washington, D.C., will convert to Wells Fargo stores on Sept. 17, Wells Fargo announced on its website. That leaves North Carolina as the last Wachovia ...
Source : bizjournals-com
12:50 : Wells Fargo discloses date for S.C. Wachovia conversion - (By Rick Rothacker, rrothacker@charlotteobserver.com) Wachovia branches in South Carolina will make the switch to the Wells Fargo name on Sept. 17, according to the bank's website.The San Francisco-based bank had previously ...
00:09 : Wells Fargo tries $3 monthly debit card fee - Starting in October in five states, Wells Fargo & Co. will charge customers $3 per month if they use a debit card to make purchases. Customers can avoid the fee if they don't use their card or by signing up for certain checking accounts.
Source : detnews-com

Wells Fargo 8/18/2011

11:57 : Wells Fargo will test debit card fees in five states - On Oct. 14, Wells Fargo, which holds the second largest number of bank deposits in the U.S., will begin testing a $3 monthly fee for debit cards in New Mexico and four other states. The fee applies to all cardholders and ...

Wells Fargo 8/17/2011

16:10 : Wells Fargo leads area stocks - Wells Fargo & Co. rose 33 cents in Wednesday trading to lead stocks of local interest. The San Francisco-based bank (NYSE:WFC) is the city’s second-largest bank following its acquisition of Wachovia Corp. Its shares closed ...
Source : bizjournals-com
14:51 : Wells Fargo testing $3 monthly debit card fee - (By Rick Rothacker, rrothacker@charlotteobserver.com) Banks are trying out yet another fee.Starting in October in five states, Wells Fargo & Co. will charge customers $3 per month if they use their debit card to make purchases. Customers ...
12:12 : Bank Notes: Wells Fargo plans to impose new debit fee - There has been lots of news affecting two of the nation’s and region’s largest banks— Wells Fargo & Co. and Bank of America. So here is a wrap up of the latest. • Wells Fargo has become the latest ...
Source : bizjournals-com

Wells Fargo 8/16/2011

17:14 : Warren Buffett boosts stake in Wells Fargo - Warren Buffett boosted Berkshire Hathaway’s stake in Wells Fargo by 3 percent in the second quarter. Buffett, the San Francisco bank’s largest shareholder, purchased another 10 million shares of Wells, which is ...
Source : bizjournals-com

Wells Fargo 8/15/2011

19:02 : Soros Fund Cut Stakes In Citi, Wells Fargo, Monsanto - NEW YORK -(Dow Jones)- Billionaire investor George Soros's hedge fund reported lower stakes in big banks Citigroup Inc. (C) and Wells Fargo & Co (WFC) and slashed its ownership in Monsanto Co. (MON), a ...
Source : foxbusiness-com
16:45 : John Paulson Cuts BofA, Citi Stakes, Adds To Capital One And Wells Fargo, ... - Billionaire John Paulson made a fortune betting against subprime mortgages and the financial firms peddling them leading up to the financial crisis. Then he reversed course and snapped up battered financial stocks to ride through the ...
Source : forbes-com
09:39 : Financial Stocks: Bank of America, Wells Fargo lead financials - Shares of Bank of America and Wells Fargo set the early pace for financials, as the former unveils plans to exit the international credit-card business and the latter buys the investment-banking business of Citadel.
Source : marketwatch-com
08:42 : Wells Fargo ([[WFC]] +3.6%) says it is hiring 25 investment bankers from ... - Wells Fargo (WFC +3.6%) says it is hiring 25 investment bankers from the Citadel hedge fund, including its head, Brian Maier. The agreement also involves the transfer of Citadel's related banking business to Wells Fargo. ...
Source : seekingalpha-com
08:06 : Wells Fargo, Citadel Strike Banking Deal - Wells Fargo said it is hiring 25 investment bankers from hedge-fund Citadel Securities in a deal that also involves the transfer of Citadel's related banking business to Wells Fargo.
Source : wsj-com
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