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TUESDAY, NOVEMBER 24, 2009
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NEWS ABOUT: Wells Fargo

Wells Fargo stories: 46 news summaries

41 - 46 of 46 Stories | << Prev 1 2 3

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Subprime Lender Lobbying Foiled Safeguards

Ameriquest's budget to woo local, national officials: $20M+

Dec 31, 07 10:59 AM CST
(Newser) - Subprime giant Ameriquest spent more than $20 million on political donations from 2002 to 2006 to successfully lobby against lending restrictions meant to protect borrowers, reports the Wall Street Journal. Though the company spent millions at the national level, its focus was local, where regulators were cracking down on... More »

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Citigroup • subprime mortgages • Wells Fargo • Countrywide Financial • borrowers • Ameriquest Mortgage • Roland Arnall

Stocks Fall Second Straight Day

Wells Fargo, JC Penney are chief bearers of bad news

Nov 15, 07 3:46 PM CST
(Newser) - Stocks were down for a second consecutive session today on bad tidings from Wells Fargo, JC Penney, and Exxon Mobil. Mortgage giant Wells called the housing market the worst since the Depression; Exxon fell after a surprise decrease in oil prices. The Dow was down 120.96 to 13,110.... More »

MORE ABOUT:
stock market • Wells Fargo • Fannie Mae

Stocks Dip on Mortgage Fears

Foreclosure worries continue to simmer

Sep 28, 07 3:22 PM CDT
(Newser) - The markets dropped today on news that mortgage defaults last month climbed 30% from a year earlier, more evidence that foreclosures are on the rise. Wells Fargo and Washington Mutual tumbled, and the Dow dipped 17.31 to 13,895.63. Stocks bottomed out after a Fed official said players... More »

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Federal Reserve • Dow Jones • Medicare • foreclosure • Wells Fargo • Nasdaq • Washington Mutual • S&P 500

Top Banks Borrow $2B From Fed

Bid to encourage other banks to borrow to shore up credit markets

Aug 23, 07 5:12 AM CDT
(Newser) - America's biggest banks—Citigroup, Bank of America, J.P.Morgan Chase and Wachovia— have borrowed a total of $2 billion from the Federal Reserve at the government's so-called discount window. It's an attempt to shore up the faltering credit markets by encouraging smaller banks to borrow from the Fed without... More »

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Citigroup • Bank of America • Federal Reserve • Wachovia • Deutsche Bank • Wells Fargo • bank • JPMorgan Chase

Banks Tighten Credit Squeeze

Lenders 'raising rates like crazy'

Aug 3, 07 4:38 AM CDT
(Newser) - Lenders are cutting credit, tightening standards or raising interest rates to a broader range of borrowers beyond those with weak credit records who qualify for subprime loans, the Wall Street Journal reports. Panic is spreading to a category of mortgages between subprime and prime that often involves borrowers who don't... More »

MORE ABOUT:
subprime mortgages • mortgage • loans • Wells Fargo • Alt A loans • IndyMac • National City • interest rate

CEO Passes Reins at Wells Fargo

Successor will continue bank's strategy

Jun 28, 07 6:01 AM CDT
(Newser) - Dick Kovacevich, the CEO of Wells Fargo, stepped down yesterday after an enviable run at the helm of the country's fifth-largest bank. His successor will be COO John Stumpf. At a time when most financial institutions are seeking global acquisitions, the San Francisco-based bank has outperformed larger rivals while shunning... More »

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Wells Fargo • Norwest • Dick Kovacevich • John Stumpf • bank • acquisition

41 - 46 of 46 Stories | << Prev 1 2 3


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