Wells Fargo and Co.

Wells Fargo agrees to buy back $1.4B in securities

Rocky Mount Telegram - Business (Free subscription) | 11/19/2009

SAN FRANCISCO — Wells Fargo&Co. on Wednesday agreed to repay customers about $1.4 billion to s...

Wells Fargo agrees to buy back $1.4B in securities

Daily Advance - Business (Free subscription) | 11/19/2009

SAN FRANCISCO — Wells Fargo&Co. on Wednesday agreed to repay customers about $1.4 billion to s...

Wells Fargo agrees to buy back soured securities

Rocky Mount Telegram - Business (Free subscription) | 11/18/2009

NEW YORK — The North American Securities Administrators Association says Wells Fargo has agree...

Tim Geithner Out? Jamie Dimon In? Jamie Dimon Tim Geithner Replacement?

Maggie's Notebook (Free subscription) | 11/23/2009

... While not necessarily stellar, JPMorgan’s level compares with about 2.7 percent at Wells Fargo Co., Isecond biggest after JPMorgan in market value among U.S. banks.

Saks extends maturity date on revolving credit

Daily Advance - Business (Free subscription) | 11/25/2009

... to pay a fixed charge coverage ratio of at least 1-to-1.The new maturity date is Nov. 22, 2013.Wells Fargo Retail Finance, a unit of Wells Fargo&Co.; UBS Securities LLC, Regions Business Capital and GE Capital Markets Inc. were the lead arrangers and bookrunning managers.Saks said it has taken other steps to strengthen its capital structure, such as its issue of $120 million in convertible...

• Saks extends maturity date on revolving credit - San Fransisco Chronicle
• Saks extends maturity date on revolving credit - Seattle Post-Intelligencer

Fed: banks need customer consent on overdraft fees

Sify (Free subscription) | 11/13/2009

... said, but that total includes check overdrafts.Many larger banks, including Bank of America Corp., JPMorgan Chase&Co., U.S. Bank and Wells Fargo&Co. began instituting similar "opt-in" plans in late September after coming under fire for the fees.But consumer groups and other regulators, including Federal Deposit Insurance Corp. Chairman Sheila Bair, said new rules were still necessary...

Berkshire Hathaway says 3Q profit triples to $3.2B

Examiner (Free subscription) | 11/06/2009

... owns more than 60 subsidiaries and it has major investments in such companies as Coca-Cola Co. and Wells Fargo & Co.

Financial Firms' Breakup Proposed in Bill by Independent Senator Sanders

Bloomberg (Free subscription) | 11/06/2009

“We should end the concentration of ownership that has resulted in just four huge financial institutions holding half the mortgages in America, controlling two-thirds of the credit cards, and amassing 40 percent of all deposits,” Sanders said, citing Bank of America, Citigroup, and Wells Fargo & Co.

Democrats want to curb banks' overdraft fees

Sify (Free subscription) | 10/30/2009

... at the cash register.In recent weeks, several major U.S. banks, including Bank of America Corp., JPMorgan Chase&Co. and Wells Fargo&Co., have said that they will allow customers to "opt out" of their overdraft programs.The House and Senate bills under consideration would go further by requiring that fees be proportional to the cost of the overcharge. The legislation also would prohibit...

3M looks overseas for boost

Star Tribune (Free subscription) | 10/23/2009

The Chinese have been building roads, bridges and other public projects, and the infrastructure spending promoted strong growth in the third quarter, said Scott Anderson, a senior economist with Wells Fargo and Co.In the United States, he said, much of the $787 billion stimulus package is yet to be spent. However, he takes a different view from Buckley. "Basically, without the stimulus package,...