MALIBU, Calif. — A Wells Fargo & Co. executive who oversees foreclosed properties hosted parties and spent long summer weekends in a $12 million...
startribune.com | CHRIS SERRES, Star Tribune | Posted 11.09.2009 | 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...
Arianna Huffington | Posted 10.16.2009 | Politics
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.
David Fiderer | Posted 10.16.2009 | Business
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.
Posted 09.21.2009 | 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...
Mike Lux | Posted 09.13.2009 | Politics
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.
ProPublica | Posted 09.12.2009 | Business
Judges have found that major mortgages servicers regularly mess up basic accounting, improperly credit payments and charge unwarranted fees.
Angie Cordeiro | Posted 09.11.2009 | Business
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.
AP | STEPHEN BERNARD | Posted 09.06.2009 | Business
NEW YORK — Wells Fargo & Co. said Thursday it is increasing the salaries for its top four executives, including CEO John Stumpf. Executive comp...
AP | DANIEL WAGNER | Posted 09.05.2009 | Business
WASHINGTON — Billions of dollars the government is spending to help financially pressed homeowners avert foreclosure are passing through –...
KAJA WHITEHOUSE | Posted 09.05.2009 | 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...
AP | Posted 08.31.2009 | 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...
Posted 08.30.2009 | 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...
Los Angeles Times | E. Scott Reckard and Jerry Hirsch | Posted 08.29.2009 | 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...
Ellen Brown | Posted 08.22.2009 | Business
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.
Ellen Brown | Posted 08.14.2009 | Politics
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.
ZP Heller | Posted 08.14.2009 | Business
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.
foxbusiness.com | Posted 08.12.2009 | 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 ...
Mike Elk | Posted 08.08.2009 | Business
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.
HuffingtonPost.com | Arthur Delaney | Posted 08.07.2009 | 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...
wsj.com | RYAN KNUTSON | Posted 08.07.2009 | 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 ...
Dan Dorfman | Posted 08.01.2009 | Business
Wall Street speculation has it that some investors may have been privy to government actions involving a number of these banks at the outset of the financial crisis or to their financial results.
Mike Elk | Posted 08.01.2009 | Business
The victory of Hartmarx workers yesterday represents a major triumph in the growing trend of factory sit ins.
Elana Levin | Posted 07.31.2009 | Business
Hart Schaffner & Marx employees (famous for making suits for Obama) saved the suit maker's factories from threats of liquidation by TARP-infused creditor Wells Fargo bank.
Michael Russnow | Posted 07.28.2009 | Business
This 1:20 split smells, to me, a bit too rancid for the ordinary shareholders, not to mention the U.S. public who are hoping to recover their investment.
AP | Posted 11.10.2009 | Business