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Wells Fargo Co

3 Cents Of Every Tax Dollar Go To The Banks

Bloomberg View | The Editors | Posted 02.21.2013 | Business

BLOOMBERG VIEW On television, in interviews and in meetings with investors, executives of the biggest U.S. banks -- notably JPMorgan Chase & Co. Ch...

BofA Speeds Up Massive Layoffs

Reuters | Posted 09.20.2012 | Business

(Reuters) - Bank of America Corp is planning to cut 16,000 jobs by year end as it speeds up a company-wide cost-cutting initiative amid declining reve...

Bonnie Kavoussi

Lawsuit Alleges Wells Fargo Fired Employee Because Of His Dying Daughter

HuffingtonPost.com | Bonnie Kavoussi | Posted 08.08.2012 | Money

Wells Fargo allegedly fired an employee because his dying daughter needed expensive cancer treatment, according to a lawsuit filed in Palm Beach Count...

Suspicious Envelopes Containing White Powder Close 3 Wells Fargo Branches

Reuters | Posted 04.30.2012 | New York

April 30 (Reuters) - Wells Fargo & Co has closed three bank branches in New York City after they received suspicious envelopes containing white powder...

After AG Lawsuit, Lender To Stop Buying New Mortgages In Massachusetts

AP | By EILEEN AJ CONNELLY | Posted 12.02.2011 | Business

NEW YORK -- One day after it was among five major banks sued by Massachusetts over deceptive foreclosure practices, GMAC Mortgage said Friday that it ...

More People Expecting Not To Retire Until Their 80s: Survey

AP | By DAVID PITT | Posted 11.17.2011 | Business

DES MOINES, Iowa -- Workers are growing to accept the idea that they may be working long after they've become eligible for senior discounts. Yet rathe...

Wells Fargo To Pay Millions For Rigging Bidding Wars

AP | By DAVID PITT | Posted 01.08.2012 | Business

DES MOINES, Iowa -- Wells Fargo & Co. said Tuesday it has agreed to pay at least $37 million in a lawsuit which alleges several banks rigged bidding c...

Bailed-out banks paid no income tax in some years, according to study

The Center for Public Integrity | Posted 01.04.2012 | Business
The Center for Public Integrity

By John Dunbar, iWatch NewsFive banks that received federal bailout funds during the financial crisis paid no income tax at least one year between 2...

BofA Likely To Alter Rules For Debit Card Fees After Criticism

Posted 12.28.2011 | Business

(Rick Rothacker) - Bank of America Corp, after receiving heavy public criticism for a planned $5 per-month debit card fee, is likely to give custo...

Despite Consumer Outrage, Bank Fees May Be Here To Stay

AP | By PALLAVI GOGOI | Posted 12.19.2011 | Business

NEW YORK -- Higher bank fees are here to stay. The latest third-quarter earnings reports from this week confirm that banks are struggling to make mon...

Report: Officials Working With Banks On Mortgage Refinancing Plan

Posted 12.18.2011 | Business

Officials and big banks are working on a plan that would make refinancing available to some borrowers whose houses are worth less than their loans...

Why Buffett's 'Shared Sacrifice' Should Only Be The Start

Bloomberg | Jonathan Weil | Posted 10.25.2011 | Business

Whenever the leadership class feels nervous, you can count on some of them to offer the less-moneyed masses a bone to demonstrate they care. Warren Bu...

BofA Close To Record Settlement Over Mortgage-Securities

Posted 08.28.2011 | Business

UPDATE: Bank of America Corp settled nearly all of the claims related to the legacy Countrywide-issued first-lien residential mortgage-backed sec...