Tag:
Loan Defaults
Latest Headlines
Latest Headlines
Is Wells Fargo overly optimistic?
Wells Fargo ( WFC ) said it earned $394 million, or 8 cents per share, during the fourth quarter. That pleasantly surprised the analysts, who were expecting a loss of 1 cent. The bank also surprised some folks by waxing very optimistic and confident about future prospects.
The AP notes t
Virtual receivorship for Wachovia?
MarketWatch says this about Wachovia : "A case could be made that Charlotte, N.C.-based Wachovia, where loan defaults have jumped nearly five fold, isn't much better off than the failed lender." The failed lender being referred to is IndyMac. The column wonders whether the government had gr
