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Wells Fargo

Wells Fargo, Morgan Stanley Find Ready Investors Following Stress Tests

New York Times | GRAHAM BOWLEY | Posted 05.25.2011 | Business

A day after federal regulators ordered 10 of the nation's biggest banks to raise a total of $75 billion in extra capital, the first of them, Wells Far...

Stress Test Results: Banks Need More Funds

AP | DANIEL WAGNER and JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — Ten of the nation's largest financial firms need to raise $75 billion more to withstand the losses that would come with a deeper re...

Wells Fargo asked to raise money after stress test

AP | DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — Regulators have told Wells Fargo & Co. it may need to shore up its finances after government "stress tests" showed the bank would h...

California AG: Wells Fargo Committed Securities Fraud

Los Angeles Times | Martin Zimmerman | Posted 05.25.2011 | Business

The state of California accused Wells Fargo & Co. of fraud Thursday for the company's role in an investment meltdown that has been compared to the Ber...

Jason Linkins

Scritti Politti: April 22, 2009 | Jason Linkins | Posted 05.25.2011 | Media

Well, shucks. I didn't think it'd be possible to ride in that Well Fargo wagon, what with it's wheels all broke and it's axle all draggin'. Turns ou...

Wells Fargo 1Q results in line with forecast

AP | SARA LEPRO | Posted 05.25.2011 | Home

NEW YORK — Wells Fargo & Co.'s first-quarter report on Wednesday had few big surprises, as results fell in line with the bank's forecast and eas...

Wells Fargo Posts Profits: Can You Catch Any Financial Sleight Of Hand?

Posted 05.25.2011 | Business

UPDATE: Just months after receiving billions from the government's Troubled Assets Relief Program (TARP), Wells Fargo is in the black. Wells publish...

Banks Rush To Repay Bailout Money While Clinging To Other Government Lifelines

Washington Post | Binyamin Appelbaum | Posted 05.25.2011 | Business

ix months after Washington rescued Wall Street, exasperated banks insist they want to leave the lifeboat. ...

Intended Consequences?

Michael J. Panzner | Posted 05.25.2011 | Business
Michael J. Panzner

To the cynical observer, the history of government policymaking might also be called a chronicle of unintended consequences.

Six Companies To Get $10 Billion Each In Mortgage Rescue Program

AP | MARTIN CRUTSINGER and ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — The Obama administration on Wednesday named the first six companies participating in a $75 billion program designed to help million...

The Farce Behind Quarterly Earnings

Huffington Post | Ryan Grim and Julie Satow | Posted 05.25.2011 | Business

Wall Street has long viewed quarterly earnings skeptically, but this season may be one of the least realistic in recent memory. That's because banks a...

Wells Fargo earnings surprise sends market surging

AP | TIM PARADIS | Posted 05.25.2011 | Home

NEW YORK — Stocks surged Thursday to their highest levels in two months after banking giant Wells Fargo & Co. surprised the market with an early...

Wells Fargo Predicts $3B Profit (VIDEO)

AP/CNBC | Posted 05.25.2011 | Business

NEW YORK — Wells Fargo & Co. said Thursday it expects record first-quarter earnings of $3 billion, easily surpassing analysts' estimates and pro...

Posse on Trail of Wall Street Cheats

Dan Dorfman | Posted 05.25.2011 | Business
Dan Dorfman

Financial skulduggery, judging from the latest and sharply increasing number of stock trading investigations, is unmistakably on the rise.

The Illusion of Value

B. Jeffrey Madoff | Posted 05.25.2011 | Business
B. Jeffrey Madoff

There is no intrinsic value in words, it's how they are put together and how they are interpreted and whether they are believed. It's the same with the numbers that tell the story of the economy.

Stress Tests Could Give Wells Fargo Headaches

New York Times | Posted 05.25.2011 | Business

The new government stress tests looming for the nation's largest banks are already making Dick Kovacevich's temples throb. The Wells Fargo chairman re...

Stopping the Next AIG

Bob Edgar | Posted 05.25.2011 | Politics
Bob Edgar

Something is horribly wrong when a company that receives billions in taxpayer money from the federal government gives its senior managers big pay rais...

Wells Fargo's Kovacevich: Stress Test 'Asinine'

Bloomberg | Ari Levy | Posted 05.25.2011 | Business

March 16 (Bloomberg) -- Wells Fargo & Co. Chairman Richard Kovacevich criticized the U.S. for retroactively adding curbs to the Troubled Asset Relief ...

A Couple of Million Jobs at Stake

Mitchell Beer | Posted 05.25.2011 | Politics
Mitchell Beer

Out of 671,000 corporate meetings, only 12,000 -- less than 1.8 percent -- were the kind of incentive programs that drew Sen. Kerry's negative attention.

Executive Pay Caps Cut Out Of Stimulus Compromise: WaPo

Washington Post | Posted 05.25.2011 | Politics

Congressional efforts to impose stringent restrictions on executive compensation appeared to be evaporating yesterday as House and Senate negotiators ...

TARP Recipients Testifying For Congressmen They Bankrolled

Open Secrets | Posted 05.25.2011 | Politics

The eight CEOs testifying Wednesday before the House Financial Services Committee about how their companies are using billions of dollars in bailout f...

Las Vegas Mayor: Obama Should Apologize To Us

AP | OSKAR GARCIA | Posted 05.25.2011 | Politics

LAS VEGAS — Sin City's mayor wants President Barack Obama to apologize for saying companies shouldn't visit Las Vegas on the taxpayer's dime. O...

Controversial Tax Break Would Be Eliminated In Stimulus Bill

McClatchy | Lisa Zagaroli | Posted 05.25.2011 | Business

A tax decision that made it a better deal for Wells Fargo & Co. to purchase Wachovia Corp. would be eliminated by the economic stimulus bill being con...

Paulson Deal Cheats American Taxpayers

Leo W. Gerard | Posted 05.25.2011 | Business
Leo W. Gerard

We need to bury the philosophy that worships only business, free markets, deregulation and free trade, and replace it with an economic program that rebuilds the middle class.

Cuomo Investigates Bailout Bonuses At Banking Companies

New York Times | Posted 05.25.2011 | Business

The New York attorney general has expanded his investigation of bonus payments to Wall Street executives whose banking companies are receiving $125 bi...