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Wells Fargo

Big Four Banks Control 39 Percent Of All Deposits

Reuters | Rolfe Winkler | Posted 05.25.2011 | Business

For the big have gotten even bigger since the start of the financial crisis. At the end of 2007, the Big Four banks -Citigroup, JPMorgan Chase, Bank o...

Cheronda Guyton: PHOTOS: Wells Fargo Exec's Malibu Party Home

Posted 05.25.2011 | Business

You can say this for Cheronda Guyton, the recently fired Wells Fargo exec who foreclosed on - and then partied in - a Malibu home: he certainly has go...

Wells Fargo Exec Fired For Using Reclaimed Malibu Home

AP | Posted 05.25.2011 | Business

UPDATED: Check out PHOTOS of the $12 million Malibu beach home that Cheronda Guyton partied in. MALIBU, Calif. — Wells Fargo & Co. has fired a...

Unfair Bailout: Banks Treated "Gently," Manufacturers Not So Much, Says Elizabeth Warren (VIDEO)

The Huffington Post | Posted 05.25.2011 | Business

When poor lending practices brought the world's biggest banks and AIG to their knees, Washington delivered hundreds of billions in financial lifelines...

Wells Fargo Exec In Charge Of Foreclosures Moved Into Bank-Owned $12 Million Malibu Beach House

AP | Posted 05.25.2011 | Business

MALIBU, Calif. — A Wells Fargo & Co. executive who oversees foreclosed properties hosted parties and spent long summer weekends in a $12 million...

Large Banks Market Payday Loans To Their Customers | CHRIS SERRES, Star Tribune | Posted 05.25.2011 | Business

A few of the nation's largest banks -- including Minneapolis-based U.S. Bancorp, Wells Fargo & Co. of San Francisco, and Fifth Third Bancorp of Cincin...

Has Obama's Handling of the Bank Bailout Undermined Health Care Reform?

Arianna Huffington | Posted 05.25.2011 | Politics
Arianna Huffington

If we don't learn from the botched bank bailout, we are in danger of getting the same patchwork, reform-in-name-only outcome on health care.

Are Banks Too Big? Don't Count on Them Downsizing Anytime Soon

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

If a bank is too big to fail, is it too big? If the answer is yes, then the solution is international, as foreign banks are not only big, they also have much more of an international presence.

Big Banks Still hold FDIC Captive

Posted 05.25.2011 | Business

The FDIC, which was created to protect society from deposit runs, is no longer able to fulfill its mission because the biggest banks have grown far be...

The Big Banks: How Low Will They Go?

Mike Lux | Posted 05.25.2011 | Politics
Mike Lux

Regulate them, prosecute them, and break them up are the only answers to keep big banks, those amoral leeches, from bringing our fragile economy down again.

Bankruptcy Judges & DOJ Rip Mortgage Companies

ProPublica | Posted 05.25.2011 | Business

Judges have found that major mortgages servicers regularly mess up basic accounting, improperly credit payments and charge unwarranted fees.

I See No Bailout

Angie Cordeiro | Posted 05.25.2011 | Business
Angie Cordeiro

Wells Fargo made a mistake and has received over $25 billion dollars to correct it. Dollars that the bank said would be used to help stop foreclosures... I see no bailout.

Wells Fargo Increasing Salaries For Top 4 Execs

AP | STEPHEN BERNARD | Posted 05.25.2011 | Business

NEW YORK — Wells Fargo & Co. said Thursday it is increasing the salaries for its top four executives, including CEO John Stumpf. Executive comp...

Government-Backed Mortgage Companies Accused Of Harassing Borrowers

AP | DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — Billions of dollars the government is spending to help financially pressed homeowners avert foreclosure are passing through –...

Warren Buffet Saved By Bailout: Reuters

KAJA WHITEHOUSE | Posted 05.25.2011 | Business

Were it not for government bailouts, for which Buffett lobbied hard, many of his company's stock holdings would have been wiped out. Berkshire Hathaw...

Wells Fargo Sued By Illinois For Discriminatory Lending

AP | Posted 05.25.2011 | Chicago

CHICAGO (AP) -- The state of Illinois is suing one of the nation's largest mortgage lenders for allegedly discriminating against black and Latino home...

TARP Bank Bonuses: Who Cashed In Last Year? (PHOTOS)

Posted 05.25.2011 | Business

Today, New York state Attorney General Andrew Cuomo released a detailed report on last year's bonus season for bailed-out banks. Called "NO RHYME OR R...

Bank of America Pushes Online Banking Over Local Branches

Los Angeles Times | E. Scott Reckard and Jerry Hirsch | Posted 05.25.2011 | Business

Bank of America Corp., a pioneer in banking online and through mobile phones, said Tuesday that it was considering closing up to 10% of its 6,100 offi...

How California Could Turn Its IOUs into Dollars

Ellen Brown | Posted 05.25.2011 | Business
Ellen Brown

If the state were to deposit its money in its own state-owned bank, it could have enough credit to solve its budget crisis with funds to spare.

Don't Let Wells Fargo Be a Roadblock to Economic Recovery

ZP Heller | Posted 05.25.2011 | Business
ZP Heller

100 Quad City factory employees risk losing their jobs if Wells Fargo doesn't extend tens of thousands of dollars in credit to continue day-to-day operating costs.

Towards a Solution to the Debt Crisis in California: The State Could Walk Away and Create Its Own Credit Machine

Ellen Brown | Posted 05.25.2011 | Politics
Ellen Brown

California could put its revenues in its own state-owned bank and fan these "reserves" into many times their face value in loans, using the same "fractional reserve" system that private banks use.

Wells Fargo Sues Wells Fargo | Posted 05.25.2011 | Business

You can't expect a bank that is dumb enough to sue itself to know why it is suing itself. Yet I could not resist asking Wells Fargo Bank NA why it ...

Wells Fargo Illegally Cheats Union Families by Cutting Off Health Care

Mike Elk | Posted 05.25.2011 | Business
Mike Elk

As Wells Fargo cuts off credit to Quad City and forces it to break its collective bargaining agreement with its workers, the bank has $25 billion in federal bailout funds that were intended in part to make credit more available to businesses.

Arthur Delaney

Quad City Die Casting Workers Hoping To Repeat Hartmarx, Republic Windows Efforts | Arthur Delaney | Posted 05.25.2011 | Business

Labor activists are hoping they can do for the 100 employees of the Quad City Die Casting factory in Illinois what they did for workers at Hartmarx Co...

Big Banks Say They Stop Accepting California IOUs | RYAN KNUTSON | Posted 05.25.2011 | Business

A group of the biggest U.S. banks said they would stop accepting California's IOUs on Friday, adding pressure on the state to close its $26.3 billion ...