Wells fargo Stories
Wells Fargo confident in foreclosure paperwork
Wells Fargo Home Mortgage did not cut corners to speed up the foreclosure process as some of its competitors have admitted to in recent weeks.
Royal Bank of Scotland to cut 3,500 jobs in UK
Royal Bank of Scotland announced thousands of new job cuts on Thursday as the part-nationalised bank continues with its drive to trim costs and improve its profitability.
Home-builder sentiment slides to 17-month low in Aug
Home-builder sentiment unexpectedly fell for a third straight month in August to its lowest level in nearly 1-1/2 years, according to a survey on Monday that pointed to a weak housing market.
Euro rises versus dollar as data lifts risk appetite
The euro rallied more than 1 percent against the dollar on Thursday after U.S. housing data and better-than-expected euro zone manufacturing and services activity revived appetite for risk.
The yen surrendered early gains versus the dollar and dropped sharply against other currencies as U.S. stocks gained, helping improve sentiment a day after Federal Reserve chairman Ben Bernanke painted a gloomy outlook for the U.S. economy.
Wells, U.S. Bancorp see some recovery
Wells Fargo & Co and US Bancorp, two of the largest banks in the United States, said rising loan demand helped lift their earnings more than analysts had expected.
Wells Fargo tops forecast
Wells Fargo & Co , the fourth-largest U.S. bank, posted higher-than-expected quarterly earnings, helped by declining losses on commercial and consumer loans.
Wells Fargo profit falls but loan losses decline
Wells Fargo & Co , the fourth-largest U.S. bank, reported lower second-quarter profit, but losses on commercial and consumer loans declined from the first quarter.
Wall Street flat ahead of Bernanke testimony
Stocks were little changed on Wednesday as uncertainty over what Federal Reserve Chairman Ben Bernanke would tell a Senate committee blunted optimism after a stream of solid earnings.
Wells Fargo profit falls, shares slump
Wells Fargo & Co , the fourth-largest U.S. bank, reported lower second-quarter profit, but losses on commercial and consumer loans declined from the first quarter.
Wall Street set for higher open on earnings
Stocks were poised for a higher open on Wednesday as solid earnings from technology giant Apple as well as financials Morgan Stanley and Wells Fargo tempered growth worries.
Stock futures higher after Apple, Morgan Stanley results
U.S. stock index futures rose on Wednesday as solid earnings from technology giant Apple along with financials Morgan Stanley and Wells Fargo eased growth concerns.
Homebuilder confidence at 15-month low
Home-builder sentiment fell more-than-expected in July to the lowest level in more than a year after a popular home-buyer tax credit expired in April, the National Association of Home Builders said on Monday.
July homebuilder confidence at 15-month low
Home-builder sentiment fell more-than-expected in July to the lowest level in more than a year after a popular home-buyer tax credit expired in April, the National Association of Home Builders said on Monday.
Bank of America, Citi results show hurdles ahead
Bank of America and Citigroup shares fell as the banks' results highlighted the sluggishness of the U.S. economic recovery and costs of potential regulation, offsetting better-than-expected quarterly profits on lower credit losses.
Bank of America and Citi results show hurdles ahead
Bank of America and Citigroup shares fell as the banks' results highlighted the stagnant U.S. economy and costs of potential regulation, offsetting better-than-expected quarterly profits on lower credit losses.
BofA to roll out online account with fee
Bank of America Corp plans to offer an online bank account that charges an $8.95 monthly fee for paper statements and using tellers, as it looks for ways to make up for income lost because of new regulations.
Wells Fargo cuts free checking ahead of new rules
Wells Fargo & Co will no longer offer free checking for all new customers opening accounts at the bank, a company spokeswoman told Reuters on Friday.
Wells Fargo ends non-prime mortgage biz
Wells Fargo & Co, the fourth-largest U.S. bank by assets, said on Wednesday it is closing more than 600 Wells Fargo Financial offices and will no longer originate non-prime mortgages.
Brokers also want to be your banker, lender
Big brokerages are working to boost banking and lending services to their clients, eager for new revenue to offset the squeeze from volatile markets and nervous clients clinging to low-margin bond and cash funds.
Wells Fargo's brokerage chief thinks small
Wells Fargo Advisors recently vaulted past Wall Street rivals to become one of the largest U.S. brokerages. Just don't tell its chief executive.
House prices to eke out small rise this year
House prices will manage a small gain in 2010 after the worst crash since the Great Depression but gains in coming years are likely to come slowly, a Reuters poll found.
Banks see credit worries easing
Banks including Wells Fargo & Co reported first-quarter results that showed the loan losses that have plagued the financial sector amid the recession are easing.
Banks' loan losses easing but demand down
Banks including Wells Fargo & Co reported first-quarter results that showed the loan losses that have plagued the financial sector amid the recession are easing.
Big brokerages lose market share: study
The four biggest brokerage companies dominate the U.S. wealth management space, but independent and regional firms are catching up as they gained clients and assets after the 2008 downturn.
FOREX-Euro slips vs most currencies as Greece woes dominate
The euro fell against most currencies on Tuesday as a Greek debt auction highlighted persistent doubts about Greece's credit risk and investors worried about tepid economic prospects in the euro zone. Greece passed its first borrowing test since the euro zone agreed on a potential rescue package but paid a high premium to issue the Treasury bills.
Raymond James, Wells Fargo reach settlement
Raymond James Financial Inc said on Tuesday that it has reached a confidential settlement in a brokerage raiding case with Wells Fargo & Co .
U.S. bank investors: Show me the money
Citigroup Inc , JPMorgan Chase & Co and Bank of America Corp may soon show compelling evidence that they have stopped the bleeding in terms of credit losses and loan writedowns.
Futures dip as Greece debt plan, Fed minutes eyed
Stock index futures pointed to a lower open on Tuesday as investors worried over a report Greece wants to renegotiate a financial aid package and the prospect of rising interest rates.
Morgan Stanley sues former St Louis complex manager
Morgan Stanley Smith Barney is suing a former St. Louis-based brokerage manager after he defected to rival Wells Fargo Advisors last Friday.
Bankers named suspected conspirators in muni case
Nearly 30 bankers from more than a dozen financial companies have been named by the federal government as suspected co-conspirators in a broad investigation into pricing of certain municipal derivatives, according to court documents.