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U.S. auto finance company GMAC Financial Services may sell its factoring business unit to Wells Fargo & Co , Bloomberg said, citing two people with direct knowledge of the matter.

Members of Congress on Tuesday threatened Beijing with duties on some of its exports if it fails to revalue its currency, pressuring the Obama administration to label China a currency manipulator.

The Wachovia Bank unit of Wells Fargo & Co is in talks with the U.S. Justice Department to settle complaints relating to the alleged failure in bank controls that enabled Mexican exchange houses to launder drug money, the Wall Street Journal said, citing people familiar with the situation.

U.S. home-builder sentiment fell unexpectedly in March, hit by lack of credit for new projects and a flood of foreclosed properties, the National Associati 536870913 1869488239

Wells Fargo & Co said on Friday it is in talks with Baltimore officials that could avert further litigation by that city over the bank's mortgage lending practices.

Wells Fargo & Co may be moving toward a settlement of Baltimore's lawsuit accusing it of steering minority borrowers to expensive home loans.

Pay czar Kenneth Feinberg believes the compensation paid to Wells Fargo & Co's chief executive for 2009 raises serious questions, he told CNBC on Thursday.

Wells Fargo & Co , the fourth-largest U.S. bank by assets, paid Chief Executive John Stumpf compensation worth $21.3 million for 2009, a package that likely makes him the highest-paid U.S. bank CEO, according to materials filed with U.S. regulators.

Wells Fargo Advisors is in advanced talks to hire Tom Isaacs, a 25-year veteran Merrill Lynch adviser and manager, to oversee its branches in New York City, according to a source familiar with the talks.

Federal Reserve Chairman Ben Bernanke told Congress on Wednesday a weak job market and tame inflation warrant low interest rates for an extended period, dampening speculation a policy tightening might be nearing.

Federal Reserve Chairman Ben Bernanke told Congress on Wednesday a weak job market and tame inflation warrant low interest rates for an extended period, dampening speculation a policy tightening might be nearing.

Benjamin F. Edwards & Co recruited a team of veteran A.G. Edwards financial advisers from their new owners, Wells Fargo & Co.

Home-builder sentiment rose more than expected in February as low interest rates and a sharper than expected drop in unemployment boosted confidence for the first time since September, the National Association of Home Builders said on Tuesday.

Home-builder sentiment rose more than expected in February as low interest rates and a sharper than expected drop in unemployment boosted confidence for the first time since September, the National Association of Home Builders said on Tuesday.

The stock market ended slightly down today ahead of tomorrow's all important European Union Economic Summit, when European leaders will meet and discuss the details of a Greece bailout.

Hasbro Inc posted a much stronger-than-expected quarterly profit and said the momentum in its games and its toys for boys would help 2010 profit and revenue rise, sending its shares up nearly 14 percent.

Wells Fargo & Co's brokerage expects to add more than 1,400 financial advisers this year through a combination of poaching from rivals and training rookie brokers.

Shares of several major U.S. financial institutions fell on Friday along with the broader market a day after President Barack Obama's proposals to further restrict banking activity.

American Express Co posted much higher fourth quarter profit, helped by rising consumer spending and lower credit losses.

U.S. retail brokerages posted mixed fourth-quarter profits as higher merger and recruiting expenses offset growing management fees and a market-fueled increase in client assets.

In a sign that the U.S. banking sector's problems are far from over, lenders including Bank of America Corp reported falling bond trading revenue and mortgage lending weakness in the fourth quarter.

Wells Fargo & Co and U.S. Bancorp reported better-than-forecast quarterly earnings, helped by recent acquisitions, while larger rival Bank of America Corp got a boost from Merrill Lynch.

U.S. retail brokerages modestly boosted fourth-quarter profits as higher merger and recruiting expenses largely offset growing management fees and a market-fueled increase in client assets.

Four of the major U.S. financial institutions - with a combined market capitalization of $352 billion - reported mixed fourth quarter earnings today.

Wells Fargo & Co and U.S. Bancorp reported better-than-forecast quarterly earnings, helped by recent acquisitions, while larger rival Bank of America Corp got a boost from Merrill Lynch.

Citigroup Inc posted a $7.6 billion quarterly loss on Tuesday, but the bank's shares rose as declining loan losses raised hopes that the worst might soon be over.

U.S. stock index futures pointed to a lower open on Friday as disappointing results from JPMorgan Chase & Co pressured banking stocks.

U.S. stock index futures fell on Friday after disappointing results from JPMorgan Chase & Co pressured banking stocks.

U.S. stock index futures fell on Friday after disappointing results from JPMorgan Chase & Co pressured banking stocks.