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Wells Fargo news from FierceFinance
NewsWells Fargo overtakes Bank of America in mortgage servicingWe noted recently that Bank of America’s market share of residential mortgage originations had slipped, which helped Wells Fargo make some huge gains and overtake the top spot. Now comes word Read more...Wells Fargo gains in investment bankingAmong the big stories as banks report fourth quarter results was the sorry performance of investment banking and trading. At big diversified banks, the consumer side of the business held up Read more...Wells Fargo posts strong performanceCompared to Citigroup anyway, Wells Fargo's fourth quarter earnings were better received. The San Francisco-based lending giant reported $4.1 billion profit in profits, or $0.73 a share. That Read more...Wells Fargo probed for release of social security numbers
Over on FierceFinanceIT, we regularly discuss IT security measures at financial services companies. Banks are under constant cyber attack these days, pressured daily to safeguard customer Read more...
Questions surround SEC's "neither admit nor deny" policy
The SEC's practice of allowing investigation targets to settle fraud charges without admitting or denying that they actually did anything wrong has been the subject of lots of controversy lately. Read more...
SEC launches debit card price-fixing investigation
In the wake of the Durbin Amendment, large regional and nationwide commercial banks began to take initial steps toward rolling out debit card user fees for many--if not most--checking account Read more...
Credit rating agencies assess debt crisis
Fitch rattled equity markets recently when it published a warning on the exposure of top U.S. banks to the European debt crisis. According to the credit rating company, the six biggest U.S. Read more...
Surprise! Banks have thrived since 2008
The conventional wisdom is that big banks are ailing right now, groping for a return to the good times. There's good reason to believe as much. Just look at the stocks of the biggest banks, which are Read more...
David Darnell's trial by fire at Bank of America
David Darnell has lived a lifetime in the last few months at Bank of America. In early September, CEO Brian Moynihan elevated him to co-chief operating officer in charge of all retail banking. He Read more...
Banks already rethinking debit card fees
If Bank of America thought that imposing a hefty debit card fee on retail customers might spark a rush by other banks to do the same, it has been proven wrong. While there were some regional banks Read more...
| Press ReleasesBanks Experiment with Customer Service on Social Media PlatformsJavelin’s Report Delves Into How Financial Institutions Can Use Twitter as a Successful Customer Service Channel SAN FRANCISCO--(BUSINESS WIRE)-- Javelin Strategy & Research’s ( Read more >> Wells Fargo to Help Puget Sound Area Customers Facing Mortgage Payment ChallengesMore than 6,000 homeowners invited to free workshop in Seattle; Tuesday is the last day to register but walk-ins are welcome to first workshop of 2012 and 50th since Sept. 2009 SEATTLE--(BUSINESS Read more >> Wells Fargo Mobile® Banking Application Now Available from Amazon Appstore for AndroidKeep track of your finances while on the go with Wells Fargo Mobile Banking SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo customers who use Android-powered smartphone and tablet devices, like the new Read more >> Wells Fargo Reports 724,710 Active Trial and Completed Modifications through November 2011DES MOINES, Iowa--(BUSINESS WIRE)-- Wells Fargo & Co. (NYSE:WFC) reported today that it had in place 724,710 active trial or completed mortgage modifications started since January 2009 as of Nov. Read more >> |
