News: Wells Fargo & Co (WFC)

WFC on New York Consolidated

53.26USD
23 Jan 2015
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Thu, Jan 22 2015

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U.S. fines Wells Fargo, JPMorgan over 'illegal mortgage kickbacks'

WASHINGTON - U.S. and state regulators ordered Wells Fargo and JPMorgan Chase to collectively pay $35.7 million on Thursday to settle charges that they participated in an illegal marketing kickback scheme with a now-defunct title company.

CORRECTED-(OFFICIAL)-US fines Wells Fargo, JPMorgan over "illegal mortgage kickbacks"

WASHINGTON, Jan 22 - U.S. and state regulators ordered Wells Fargo and JPMorgan Chase to collectively pay $35.7 million on Thursday to settle charges that they participated in an illegal marketing kickback scheme with a now-defunct title company.

MOVES- HSBC, London & Capital, Wells Fargo, Ace Group, Amlin

Jan 20 - The following financial services industry appointments were announced on Tuesday. To inform us of other job changes, email moves@thomsonreuters.com.

MOVES- Morgan Stanley, Butler Capital, Wells Fargo

Jan 15 - The following financial services industry appointments were announced on Thursday. To inform us of other job changes, email moves@thomsonreuters.com.

Wells Fargo fourth quarter profit rises; watching energy exposure

- Wells Fargo & Co, the fourth largest U.S. bank by assets, reported a slight increase in quarterly profit on Wednesday as it earned more from credit cards and corporate loans. | Video

Fitch: Wells Fargo 4Q'14 Results Consistently Solid

(The following statement was released by the rating agency) CHICAGO, January 14 (Fitch) Wells Fargo & Company (WFC) reported $5.7 billion in net income for a Return on Assets (ROA) of 1.36%, essentially unchanged from the prior quarter. Earnings were supported by higher spread income and lower taxes, partially offset by increased loan loss provisioning and higher noninterest expenses. Fitch Ratings views these results as consistent with WFC's credit profile, with ratings that remain among t

Wells Fargo examines its energy loans after oil-price drop

NEW YORK, Jan 14 - Wells Fargo & Co, one of the biggest lenders to U.S. energy companies, is reviewing each of its loans to the sector in the wake of oil prices tumbling 60 percent since last summer, executives said Wednesday.

UPDATE 4-Wells Fargo 4th-qtr profit rises; watching energy exposure

Jan 14 - Wells Fargo & Co, the fourth largest U.S. bank by assets, reported a slight increase in quarterly profit on Wednesday as it earned more from credit cards and corporate loans.

BRIEF-Wells Fargo has not braced itself for energy losses

Jan 14 - Wells Fargo & Co Chief Financial Officer John Shrewsberry said on a Wednesday earnings call with analysts: * The bank did not set aside any money in Q4 for energy loans that may go bad given lower oil prices * Q1 2015 mortgage volume is expected to be similar to Q4 2014 * Wells Fargo holds $1.5 billion in energy-related corporate securities in trading and investment portfolios

Wells Fargo profit rises slightly

Jan 14 - Wells Fargo & Co, the biggest U.S. mortgage lender, reported a slight increase in quarterly profit as net interest income rose.

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