Wachovia news from FierceFinance
News
Citigroup to make retail push?
The conventional wisdom continues to be that conservative, deposit-taking businesses are in vogue. For Citigroup, you have to wonder if the board will focus on building a truly national retail... Read more...
How badly are bank brands suffering?
According to J.D. Power's latest survey of consumers, the biggest two banks took the biggest hits when it comes to customer satisfaction: Bank of America and Citigroup. Banks that did well include... Read more...
The future of Wells Fargo?
Wells Fargo posted earnings that were in line with the estimates. But not everyone is convinced it has put the worst woes behind it. It all boils down the Wachovia deal. It seemed like a stunning... Read more...
Bonus spotlight turns to Morgan Stanley
At least one congressman would like to prevent Morgan Stanley from paying retention bonuses to brokers who work for the new asset management joint venture between Morgan Stanley and Smith Barney,... Read more...
Buffett gives Wells Fargo a boost
Is Warren Buffett merely trying to talk up an investment? Given that Berkshire Hathaway was Wells Fargo's largest investor at the end of 2008, with a 7.2 percent stake, you might think so. But he's... Read more...
Administration launches mortgage plan
The next wave of home owner relief comes in the form of mortgage modification. The Obama Administration kicked off a plan that it hopes will help up to 9 million Americans. The program has two parts:... Read more...
More on broker bonuses at top firms
The anger over executive bonuses at top Wall Street firms may not apply to broker bonuses. I think we have to allow banks to conduct business as usual to some degree. If a broker generates millions... Read more...
Is Wells Fargo starting to creak?
For a while, it looked as if Wells Fargo were among the handful of banks that emerged in decent shape from the credit crunch. It even earned praise for its ability to outmaneuver Citi to purchase... Read more...
One private equity firm eyes financial services
For J.C. Flowers, the private equity company, the financial crisis spells opportunity in the form of government-assisted deals. It has already inked a deal to buy IndyMac--among the first to fail in... Read more...
Dimon, Lewis buy stock in their banks
Now this is a good PR move. Jamie Dimon, CEO of JPMorgan Chase, has purchased 500,000 common shares in the bank, reports MarketWatch. At $22.92 each, the investment cost more than $11 million.... Read more...
