Wells fargo Stories
Japanese Teen Runs Up $54K Bar Tab With Dad's Credit Card, But American Express Is Footing The Bill
A Japanese teen stole his father's credit card and ran up a $54k bar tab at swanky Kyoto clubs, but a court says the family doesn't have to pay.
Maybe It’s The Lawsuits Stopping Banks From Making Loans
Eric Schneiderman, like many New York attorneys general, is playing politics for the bleachers even though he’s hurting their case.
Wells Fargo, Bank Of America To Be Named In Lawsuit Over New York Mortgage Practices
New York state will sue the pair for violating the National Mortgage Settlement agreement.
JC Penney Secures (JCP) $1.75 Billion Loan From Goldman Sachs (GS) Backed Largely By The Retailer's Real Estate Assets
The Plano, Texas-based department store chain says the deal gives it the financial strength to continue its reinvention efforts.
Analysts Predict Big US Banks Will Need To Find New Ways To Boost Revenue As Economic Activities Change
Big banks' first-quarter revenue will rise only 2.2% above that of fourth quarter 2012, an analysis by Bloomberg News showed.
When The Rubble Cooled, Wells Fargo Was Left Standing
Wells Fargo has emerged from the collapse of the U.S. housing bubble as the nation’s dominant mortgage lender, grabbing an unprecedented 28.8 percent share
Bank Of America Tops Wells Fargo And JPMorgan In Most Consumer Complaints: CFPB
The database, unveiled Thursday, shows Bank of America easily trumping Wells Fargo, which had more than 12,000 complaints against it.
SAC Capital’s Massive Insider Trading Penalty Linked To Wyeth, Elan Trades Not An Admission Of Guilt, Much To Nobody’s Surprise
Firms constantly pay punitive fines to the SEC while not admitting to any wrongdoing. Should that change?
Bank Of America Earnings Preview: Profits To Plunge In 4Q On Legal Charges, Revenue Concerns
Expectations have dropped for Bank of America’s 4Q results in the months leading up to the company’s earnings announcement, due on Thursday.
Alcoa, Monsanto, Wells Fargo: Earnings Reports To Watch, Jan 8-11
The fourth-quarter earnings season is right around the corner. Here's your handy clip-and-save earnings watchlist for this week.
Lakers - 76ers: Where To Watch Online Stream, Prediction, Point Spread, And Preview For Sunday's NBA Game
As of now the Lakers got the better end of this summer's blockbuster trade.
New York Knicks – Philadelphia 76ers Preview: Can the Knicks Stay Undefeated?
Can the New York Knicks stay undefeated as they visit the Philadelphia 76ers?
Asian Stocks End Mixed As Growth Worries Persist
Asian stocks were mixed Friday as concerns over global growth and weak corporate earnings outweighed upbeat U.S. jobs data.
Earnings Preview: Large Mortgage Lender Wells Fargo Getting Big Boost From Housing Recovery
Wells Fargo and Co. (NYSE: WFC) may get a substantial boost from the housing recovery.
'Too Big To Fail' Banks Doing Worse Than The Rest in Key Areas: New York Fed
The Federal Reserve Bank of New York released a report suggesting vulnerability among the largest "too big to fail" U.S. banks.
In Lawsuit, US Attorney Paints Wells Fargo as Cowboy Mortgage Lender
A lawsuit filed Tuesday by the federal task force meant to go after those who caused the financial crisis of 2008 hit Wells Fargo and Co., the nation's largest mortgage shop.
Wells Fargo Website Turns Latest Victim Of Cyber Attack; Operations Recover After Outage
The Wells Fargo (WFC) website became the latest victim of cyber attack when it experienced intermittent outages Tuesday. After eliciting hundreds of complaints, the website resumed operations to provide regular services to customers.
Is US Housing Sector Recovering? A Preview Of Wednesday's 3 Big Reports
Three key U.S. housing reports Wednesday are expected to show small improvements in the market.
Awful 'Empire State' Manufacturing Data from the New York Fed Leaves Markets Unmoved
Financial markets yawned Monday in the face of an anemic U.S. manufacturing report from the Federal Reserve Bank of New York that showed industrial production in the Northeast falling to a nearly two-year low.
How Washington Subsidizes Home-Buying For The 1%: Report
Government-owned Fannie Mae and Freddie Mac, which were set up to help blue-collar and middle-class workers buy their own homes at lower interest rates, are also helping the nation's one percent to purchase luxurious homes.
US Will Cut Its AIG Stake To 23% From 53%, By One Estimate
Because of the U.S. Treasury Department's announcement Sunday that it has launched an offering of $18 billion worth of its American International Group Inc. (NYSE: AIG) common stock, the government will soon go from being the company's majority shareholder to being one of its minority shareholders.
Railroad Cargo Growth Slows, And Execs Are Cautious About Pre-Holiday Shopping
Railroad executives said Wednesday that they are not expecting strong growth in cargo volume in the pre-holiday shopping season, but most future holiday gifts are delivered by trucks.
Purple States Most Likely To Be In The Red: Wells Fargo Report
While opinion polls in places like New Hampshire, Ohio, Nevada and Wiscounsin continue to find no clear trend as to whether the residents will support a Democrat or a Republican for President, a new report by asset manager Wells Fargo Advisor Wednesday found those very states unambiguous in their spending preferences in running large budget shortfalls
Citigroup Settles Shareholder CDO Suit For $590 Million
Citigroup Inc agreed to pay $590 million to settle a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets, one of the largest settlements stemming from the global financial crisis.
Portrayals Of Wall Street As Greedy, Selfish And Rotten - 100 Years Ago (Photos)
It may be surprising to many who believe that Wall Street and global finance are inherently malevolent that a century ago, the public had a very similar perception of financial services, a notion that was channeled by editorial cartoonists in hard-hitting illustrations in magazines like Puck and newspapers like the New York Herald. These cartoons would be as fitting today as they were in 1912.
Warren Buffett's Berkshire Hathaway Drops Intel, Bets On Oil
Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK.B) dumped its shares of Intel Corporation (Nasdaq: INTC) last quarter and cut its stake in The Procter & Gamble Company (NYSE: PG) while boosting its exposure to oil refining and oil services.
US Homebuilder Confidence Rises To Five-Year High In August
U.S. homebuilder confidence rose in August to the highest level since February 2007 as more buyers entered the market, according to the National Association of Home Builders/Wells Fargo Housing Market Index.
Facebook's Mark Zuckerberg Drops Out As One Of Top 10 Tech Billionaires, Making A Bad Week Worse
The past week was not kind to billionaire Mark Zuckerberg, chairman and CEO of Facebook Inc. Capping it all was word that Zuckerberg had lost his place among the 10 richest technology billionaires, at least temporarily. How can Zuckerberg climb his way back to the top?
Bank Stocks Throw a Party But Forget To Invite JPMorgan
Shares of U.S. banks of all sizes and specialties rose Friday over 3 percent, handily beating the performance of the wider stock market, which itself was in a head-first rally following a week of disappointing news. But there was one big exception to the equity party: megabank JPMorgan Chase and Co. (NYSE:JPM), which looked poised to underperform its peers in late-afternoon trading.
Ashley Moser, Colorado Shooting Victim, Suffers Miscarriage After Losing 6-Year-Old Daughter Veronica Moser In 'Dark Knight Rises' Massacre
Just one week after losing her 6-year-old daughter Veronica in the Colorado shooting, Ashley Moser has suffered another tremendous loss. She has suffered a miscarriage, reportedly a result of injuries sustained during the shooting.