Wells Fargo

Major commodities experiencing big selling

By Anthony Lazzara | July 11, 2014

The S&P 500 ended last week at an all-time high; the index has not had a drop of 10 percent in more than two years.

Wells Fargo to pay Fannie Mae $591 million to resolve claims

By Dakin Campbell, Bloomberg | December 30, 2013

Wells Fargo & Co., the largest U.S. home lender, agreed to pay Fannie Mae $591 million to resolve repurchase demands on loans originated before 2009 and sold to the government-backed firm.

Wells Fargo CEO says interest-rate risk outweighs bad credit

By Hugh Son, Bloomberg | May 30, 2013

Stumpf says new regs and capital rules should be given "a chance to work."

Former Wells Fargo commodities head left amid industry shift

By Dakin Campbell | January 31, 2013

John Roncevich walked away from Wells Fargo to advise banks sidestepping new regulations affecting the industry.

Biggest banks back to black in Fed-fueled recovery

By Heather Perlberg and Dakin Campbell, Bloomberg | January 22, 2013

Mortgage revenue at the four largest U.S. lenders is surpassing the costs of faulty home loans and foreclosures from the housing boom as Federal Reserve and government policies help fuel the recovery.

Banks discover money management again as trading declines

By Sree Vidya Bhaktavatsalam, Bloomberg News | December 4, 2012

Global banks, forced by regulators to reduce their dependence on profits from high-risk trading, have rediscovered the appeal of the mundane business of managing money for clients.

Wells Fargo creates markets unit as Stumpf takes on Wall Street

By Dakin Campbell, Bloomberg | October 16, 2012

Wells Fargo & Co., the biggest U.S. home lender, is restructuring sales and trading operations to form a new markets division at its investment bank as the firm challenges more established Wall Street rivals.

Wells Fargo slides as low rates squeeze third-quarter margins

By Dakin Campbell, Bloomberg | October 12, 2012

Wells Fargo & Co., the most valuable U.S. bank and largest mortgage lender, dropped 4 percent in New York trading after reporting a record third-quarter profit that was marred by narrower profit margins.

Finra fines Wells Fargo, three other firms over ETF sales

By Christopher Condon and Joshua Gallu, Bloomberg | May 1, 2012

Citigroup Inc., Morgan Stanley, UBS AG and Wells Fargo & Co. agreed to pay a combined $9.1 million to settle regulatory claims they failed to adequately supervise the sale of leveraged and inverse exchange-traded funds in 2008 and 2009.

Wells Fargo must face class action over securities lending

By Margaret Cronin Fisk and Beth Hawkins, Bloomberg | March 27, 2012

Wells Fargo & Co. must face a class-action, or group lawsuit, by institutional investors who claim the bank marketed a risky securities-lending program it said was safe.

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