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Wells Fargo said the asset management unit Evergreen Investments which it inherited when it bought Wachovia Corp was not for sale, even as it scales back Wachovia's investment banking operation, the NY Post reported citing sources.

Wells Fargo said the asset management unit Evergreen Investments which it inherited when it bought Wachovia Corp was not for sale, even as it scales back Wachovia's investment banking operation, the NY Post reported citing sources.

A federal judge has transferred Citigroup Inc's $60 billion lawsuit against Wells Fargo & Co over the acquisition of Wachovia Corp back to the New York state court where it began, citing a lack of jurisdiction.

Wells Fargo & Co's chairman lambasted the U.S. government for imposing new curbs on lenders that receive federal bailout money, and called the federal plan to subject big banks to stress tests asinine.

Wachovia Capital Markets downgraded Sprint Nextel Corp to market perform from outperform, citing higher churn at the company's iDen customer segment in the first quarter, sending its shares down 9 percent.

Citigroup Inc was profitable in the first two months of 2009 and is confident about its capital strength, Chief Executive Vikram Pandit said, easing concerns about the troubled bank's survival prospects.

Citigroup Inc was profitable in the first two months of 2009 and is confident about its capital strength, Chief Executive Vikram Pandit said, easing concerns about the troubled bank's survival prospects.

Wells Fargo & Co shares as much as 24.3 percent after the billionaire investor Warren Buffett said the fourth-largest U.S. bank will emerge better than ever from the nation's credit crisis.

Wells Fargo & Co shares as much as 24.3 percent after the billionaire investor Warren Buffett said the fourth-largest U.S. bank will emerge better than ever from the nation's credit crisis.

Wells Fargo & Co slashed its dividend 85 percent on Friday, a widely expected move that the fourth-largest U.S. bank said will save $5 billion a year.

Wells Fargo & co. will cut its stock dividend by 85 percent to retain an additional $5 billion in common equity this year as a precaution about possible worsening in the credit cycle, the company said.

Wells Fargo & Co cut its dividend 85 percent on Friday , a widely expected move that the fourth-largest U.S. bank said will save $5 billion a year.

U.S. companies, consumers and communities may grow so addicted to government financial help that cutting them off could trigger another recession soon after the current one ends.

The U.S. government will boost its equity stake in Citigroup Inc to as much as 36 percent, bolstering the bank's capital base in the latest emergency effort to save the banking giant.

is not happening in this merger. Mattera said San Francisco-based Wells Fargo is taking other steps to retain brokers, including higher payouts through Wachovia Securities' 4front client loyalty program. He also said Wells Fargo plans in May to change Wachovia Securities' name to Wells Fargo Advisors. Prudential Financial Inc has a 38 percent stake in Wachovia Securities,...

NEW YORK - Wells Fargo & Co shares fell on Wednesday to their lowest level in almost 12 years before recovering amid fears the fourth-largest U.S. bank could cut its dividend and post higher losses after its purchase of Wachovia. The combined Wells Fargo and Wachovia last month posted a $13.72 billion fourth-quarter loss as it set aside more money to cover sour mortgages and ot...

Wells Fargo said Wednesday it swung to a fourth quarter loss of about $2.6 billion, hurt by credit write-downs to reduce the need for future loan loss provisions on Wachovia Corp's risky assets.

Wachovia falls amid concerns over dividend, joint ventureWachovia Corp shares fell on Monday after concerns that the bank may cut its dividend and buy back its stake in a brokerage venture with Prudential Financial Inc.Shares of Wachovia fell 67 cents, or 4.13 percent, to $15.56 at 3:02 p.m. in late afternoon trading.Analysts at Fox-Pitt Kelton Cochran Caronia Waller indicated risks that Wachovia, along with Comerica and Marshall & Ilsley were most at risk at having their dividen...

U.S. stocks fell for a second day Tuesday with increasing speculation that Lehman Brothers Holdings Inc. will be forced to raise more capital led a slump in financial shares.

Morgan Stanley, Merrill Lynch & Co. and Lehman Brothers Holdings Inc. had their credit ratings cut on Monday by Standard & Poor's on concerns that continued weakness in the sector could lead to more write-offs.

After heavy losses and pressure from shareholders to return to profitability, directors at two large U.S. banks - Wachovia Corp. and Washington Mutual Inc. - on Monday announced top-level management changes.

Wall Street began June in the red, falling for the first time in five days, as the Dow quickly lost more than 100 points Monday morning on more worries about the financial sector after Wachovia Corp. ousted its chief executive.

An Openheimer & Co group of analysts led by Meredith Whitney cut their earnings outlook for major U.S. banks, saying the current credit crisis is not close to ending.

Clear Channel Communications Inc. and the banks that agreed to finance its highly leveraged buy-out were able to enter into a settlement agreement ending lawsuit proceedings previously filed in New York State Supreme Court and Bexar County District Court.

Investors looking to buy Clear Channel Communications will get the financing they need after reaching a settlement with their bankers today to avoid a trial, according to CNBC.Shares of Clear Channel rose $1.55, or 4.72 percent to $34.42.

Wachovia Corp., the fourth largest U.S. bank, said on Thursday that it is separating the roles of Chairman and CEO, with Ken Thompson retaining his chief executive role and board member Lanty Smith now serving as non-executive Chairman, effective immediately

Prosecutors at the U.S. Justice Department are investigating Wachovia Corp, the fourth largest U.S. bank, about links to alleged drug laundering activities involving Latin American countries.

Citigroup Inc, the largest U.S. bank by assets, announced a $5.1 billion first quarter loss along with more than $12 billion in writedowns linked the struggling mortgage and credit markets.We'...

A pair of the largest U.S. banks reported that profits in the first quarter fell due to the housing downturn but they still managed to beat Wall Street analysts' expectations sending shares higher.