Wells Fargo to provide $2.4B in relief to California homeowners
On the heels of the news that Arizona and Nevada have sued Bank of America, Wells Fargo (NYSE: WFC) and the attorney general of California have announced a settlement that calls for the bank to
Wells Fargo Enhances Mortgage Assistance for At-Risk Wachovia Pick-a-Payment Customers in California
Company also will contribute $33 million for customer outreach and foreclosure prevention efforts DES MOINES, Iowa--(BUSINESS WIRE)-- Wells Fargo & Co. (NYSE: WFC) announced today that beginning
Defending a maligned bank deal
Wachovia's decision to buy Golden West Financial for $24.5 billion back in May 2006 was controversial from the start. Even then, shareholders were convinced that Wachovia was hideously overpaying.
Wachovia's earnings: A shocking loss
Wachovia's last earnings announcement was a doozy. It reported a massive $24 billion loss. That's $2.23 a share loss versus
Can Wachovia survive on its own?
Wachovia's new CEO, Robert Steel, has roots at Goldman Sachs, where he was vice chairman before moving into public service at the Treasury
Countrywide to be Ken Lewis's undoing?
The sacking of former Wachovia CEO Ken Thompson shows how one deal really can blow a guy's career. True,
Thompson's legacy at Wachovia
Ken Thompson's career was built on savvy deals only t be undone by a single deal. The make-the-man deal was First Union's merger with Wachovia. As CEO of First Union,
Will CEO turmoil continue?
We've seen a lot of high profile CEO lose their jobs. Stanley O'Neal. Chuck Prince. Jimmy Cayne. But at least one MarketWatch commentator thinks at least two other fairly big name CEOs ought to be
Wachovia raising $7 billion
Wachovia, aiming in part to blunt the effects of its first quarter loss, says it will raise $7 billion to shore up its capital position. It appears it will issue some common and some preferred
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