WELLS FARGO

Wells Fargo & Co plans to cut technology and operations jobs by the end of this year as the bank tries to eliminate more than $1.5 billion of quarterly operating expenses.

Twenty-five percent of respondents to a survey by Wells Fargo & Co. (NYSE:WFC) said they expect to work until they are 80 in order to be able to retire comfortably. The current life expectancy in the United States is 78.1 years on average, meaning those respondents expect to work full-time two years longer than most people live.

Wells Fargo & Company announced on Wednesday the formation of a commercial real estate investment trust (REIT) finance group.

Wells Fargo & Co., the fourth-largest U.S. bank by assets, is launching a boutique business to serve families with $50 million or more in assets, as more banks look toward wealth management to replace transaction-based fees.

Bank Transfer Day -- the protest movement urging Americans to take their business out of big banks on Saturday and put it into credit unions and local banks -- is being used as a marketing opportunity by some.

The U.S. Labor Department announced 80,000 new jobs were added to the U.S. economy in October. The consensus among economic experts? We're not out of the woods yet.

Although Bank of America will drop its $5 monthly fee on debit card use that was expected to begin next year, some people have called the move a day late and a dollar short.

Prosecutors have filed a lawsuit against Allied Home Mortgage Capital Corp and its executives, Jim Hodge and Jeanne Stell, claiming that the company misled the federal Department of Housing and Urban Development (HUD) with bad mortgages.

Mortgage borrowers with homes that were foreclosed on between 2009 to 2010 will have a chance for an independent review, the Treasury Department's Office of the Comptroller of the Currency (OCC) announced on Tuesday.

Bank of America will drop its $5 monthly fee on debit card use that was expected to begin next year.

Bank of America has canceled its plans for a $5 monthly debit card fee in response to public backlash, making it the last major bank to retreat. Bank of America had proposed the fee in response to the 2010 Dodd-Frank financial regulatory bill.

With customers angry about new bank fees, credit unions have been trying to use the displeasure to gain more customers.

SunTrust Banks Inc said on Monday it planned to drop a $5 monthly debit card service fee, adding the Atlanta-based regional bank to the list of lenders dropping such maintenance fees amid rising public criticism of the industry.

MF Global Holdings Ltd was in talks on Sunday with possible buyers with the aim squarely on doing a deal, though all options were on the table, a person briefed on the matter said.

Bank of America will keep the $5-a-month fee for debit card use that's scheduled to start early next year, while other banks, like J.P. Morgan Chase and Wells Fargo, announced Friday that they are shying away from the fees.

Diversified financial services firm Wells Fargo & Co. (NYSE:WFC) said it is cancelling its planned five-state pilot of a monthly $3 fee for users of its debit cards as a response to customer feedback the bank has received.

The Bank of America Corp., after receiving heavy public criticism for a planned $5-per-month debit-card fee, is likely to give customers more ways to avoid the fee, a person familiar with the bank's plans said Friday.

MF Global Holdings Ltd. is racing to sell all or part of its business this weekend, with its futures brokerage business seen as the most attractive, a source familiar with the situation said Friday.

Bank of America Corp, after receiving heavy public criticism for a planned $5 per-month debit card fee, is likely to give customers more ways to avoid the fee, a person familiar with the bank's plans said Friday.

Health insurer Cigna will buy HealthSpring for about $3.8 billion to jump-start its business selling Medicare plans for the elderly.

With the majority of the banking industry by assets having reported third quarter results, FBR Capital Markets believes that some of the dire scenarios discussed may have hit bank valuations harder than underlying fundamentals indicate.