Wells Fargo & Co (NYSE:WFC) Joins Other Banks In Ending Financing For Arctic Oil Project

Wells Fargo & Co (NYSE:WFC) has become the latest major US bank to withdraw its support for financing of oil and gas projects in the Arctic. Wells Fargo will not finance Arctic oil projects The bank joins JPMorgan Chase & Co. (NYSE: JPM) and Goldman Sachs Group (NYSE: GS), who have indicated that they won’t […]

SEC Fines Wells Fargo & Co (NYSE:WFC) $35 million To Settle Probe On Improperly Recommended ETFs

The US Securities and Exchange Commission has ordered Wells Fargo & Co (NYSE:WFC) to pay a $35 million fine in a settlement regarding allegations that inappropriately recommended the risky investment to retirees and senior citizens. Wells Fargo fined for selling inappropriate investments to retirees According to the SEC, the Wells Fargo Advisors Financial Network and […]

Amazon.com Inc. (NASDAQ:AMZN) Is Building A Hand-Scanning Payment Service

Amazon.com Inc. (NASDAQ:AMZN) is reportedly working on checkout terminals that will allow customers to pay using their palms through connection to their credit cards. According to people familiar with the issue, customers will be able to scan their palms to pay for purchases in physical stores. Amazon piloting payment using hand scan at its Amazon […]

Is It Wise To Invest In Huntington Bancshares Incorporated (NASDAQ:HBAN) At This Time?

In an article published on “The Motley Fool”, the author highlighted the three most expensive front-line bank stocks, Huntington Bancshares Incorporated (NASDAQ:HBAN), U.S. Bancorp (NYSE:USB) and Wells Fargo & Co (NYSE:WFC). The article focused on the concept that investment in big bank stocks doesn’t come cheap. Investors generally earn what they pay for when it […]

Wells Fargo & Co (NYSE:WFC) Looks Forward To Turning Off Running Faucet of Unused Space

Boston, MA 09/15/2014 (wallstreetpr) – The competition has increased significantly in the market. As a result of which all the companies want to make their general services portfolio available to maximum people. Due to changed market spectrum, companies like Wells Fargo & Co (NYSE:WFC) have decided to switch-off or narrow down real-estate offerings in order […]

Wells Fargo & Co. (NYSE:WFC) and Other Banks Look to Strengthen Their Cyber Protection After JPMorgan Chase & Co. (NYSE:JPM) attack

Boston, MA 09/02/2014 (wallstreetpr) – A few days ago when reports of a cyber attack on JPMorgan Chase & Co. (NYSE:JPM) was published, it created an insecurity among various other banks as well. If hackers could look into the cyber protection of JPM, then they could do it with other financial institutions as well. Due […]

Wells Fargo & Co (NYSE:WFC) Decides To Launch FinTech Innovation Lab

Boston, MA 08/28/2014 (wallstreetpr) – Wells Fargo & Co (NYSE:WFC) has decided to launch a FinTech Innovation Lab. It is a financial technology accelerator program that combines six months of coaching and collaboration with a cash investment for a minority stake. The WFC has shortlisted below stated three companies to pilot this startup financial technology […]

Wells Fargo &Co (NYSE:WFC) CEO Swipes Government Backed Agencies Over Unfair Treatment

Boston, MA 08/27/2014 (wallstreetpr) – Wells Fargo & Co (NYSE:WFC) push to protect itself from federal authorities has seen it issue a stunning warning stating it would block the issuance of home loans to people with low credit scores. The move is aimed’ at protecting the bank from unnecessary costs that come with soured loans […]

Wells Fargo & Co (NYSE:WFC) Seeking to Grow its Asset Management Business to $1 Trillion in 10 Years

Boston, MA 08/21/2014 (wallstreetpr) – Wells Fargo & Co (NYSE:WFC) is planning to develop a platform that will be used to accelerate growth in its retail banking business in an age where customers can electronically borrow, make payments and invest from a single account. Since the financial crisis, Wells Fargo has been able to return […]

Wells Fargo & Co (NYSE:WFC) Aims To Grow and Lessen Confusion In Its Loan Business

Boston, MA 07/03/2014 (wallstreetpr) – Wells Fargo & Co (NYSE:WFC) recently announced the merger of two of its corporate asset-based lending units in an apparent effort by the bank to position itself well for the anticipated growth in the segment. The bank, which is considered the fourth largest lender in the U.S., aims to erase […]

Charles Schwab Corp (NYSE:SCHW): The War With Peers Continues

Boston, MA 06/20/2014 (wallstreetpr) – Charles Schwab Corp (NYSE:SCHW) is once again targeting its competitors, especially the full service firms including Morgan Stanley (NYSE:MS), Wells Fargo & Co (NYSE:WFC), Bank of America’s Merrill Lynch and others. Charles has always favored the low commission brokerage. It is successfully running its campaign that it started few years […]

Wells Fargo & Co (NYSE:WFC) Loses Its Appeal Against FHA Lawsuit

Boston, MA 06/13/2014 (wallstreetpr) – Wells Fargo & Co (NYSE:WFC), recently lost its appeal filed in the United States District court of Appeals, against the Federal Housing Administration, which accused fraud by one of the biggest mortgage lenders of the U.S. This is a positive win for the U.S. government in its cases relating to […]

Wells Fargo & Co (NYSE:WFC) Faces Embarrassing Situations In Legal Disputes

Boston, MA 05/30/2014 (wallstreetpr) – Diversified financial services provider, Wells Fargo & Co (NYSE:WFC) had to face embarrassing situations in legal disputes in at least two cases recently. While one is related with regard to class action suit ending in the company paying claims, another case related to the alleged predatory lending practices. Settles Class […]

News around Day Movers: Morgan Stanley (NYSE:MS), Alcoa Inc (NYSE:AA), Wells Fargo & Co (NYSE:WFC)

Boston, MA 01/29/2014 (wallstreetpr) – Morgan Stanley (NYSE:MS) was among the financial services industry players who announced leadership changes Tuesday. The company has appointed Erskine Bowles as its independent lead director of its board in-line with the board’s policy to rotate lead directors. Mr. Bowles replaces Robert Kidder from the position of independent lead director. […]

Wells Fargo & Co (NYSE:WFC) Extends Another Credit Line To Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM)

Boston, MA 12/19/2013 (wallstreetpr) – Wells Fargo & Co (NYSE:WFC) is one of the four largest banks in the U.S. The company operates in a variety of segments and also through subsidiaries. It is through one of its subsidiaries called Wells Fargo Capital Finance that it has announced another agreement with Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) which […]