wachovia
Resentment Builds Ahead of Bank Transfer Day
2:30PM 11/04/2011
People, JP Morgan Chase, Bank of America, Citigroup, Wells Fargo & Co, Banking
On Saturday, tens of thousands will march, protest and move their money out of big banks. But plenty of Americans haven't waited for Bank Transfer Day. For Frank Sheldon of Seattle, his journey to a credit union started in 2008 when his old bank was absorbed by J.P. Morgan Chase.
Wells Fargo Will Pay Citigroup $100 Million to Settle Wachovia Claim
5:46PM 11/19/2010
Wells Fargo agreed to pay Citigroup $100 million to settle a lawsuit stemming from Wells Fargo's acquisition of Wachovia in 2008, the companies said Friday.
Wells Fargo Earnings Top Street Estimates
9:20AM 10/20/2010
Company News, Investing, Earnings, Bank of America, Wells Fargo & Co, Stocks in the News
Wells Fargo reported net income rose 3% to a record $3.34 billion in the third quarter, thanks to its merger with Wachovia, the bank said. Also, improving credit conditions managed to offset a 7% fall in revenue.
Wells Fargo Bank has agreed to pay $23.7 million to eight states and modify consumers' mortgages to settle deceptive marketing allegations over risky "pick-a-payment" home loans.
The home loans were sold by Wachovia Corp. and Golden West Corp., which did business as World Savings Bank. But Wells...
Wells Fargo to Forgive $772 Million in Risky Home Loans
6:00PM 10/06/2010
After allegations of deceptive marketing from eight states, Wells Fargo has reached a settlement agreement. The bank will forgive $772 million in risky home loans and will pay $24 million to help reduce the impact of foreclosures on various communities.
A payment processing company that debited more than $200 million from consumers' bank accounts on behalf of fraudulent telemarketers has settled charges by the Federal Trade Commission and seven states that it abetted its clients' deceptive schemes.
Your Money Access, LLC, a Florida-based company...
Wells Fargo & Co. will lay off 3,800 workers and close its 638 consumer financial stores over the next 12 months in a consolidation move brought on by the 2008 merger with Wachovia bank.
It also announced that it will get out of the nonprime mortgage business. Subprime loans -- those made to...
Report: U.S. Banks Laundered Mexican Drug Money
1:10PM 6/29/2010
A Bloomberg Markets magazine article follows the trail of cocaine and drug money through the Mexican cartels and finds millions of dollars flowed through major U.S. banks, such as Wachovia and Bank of America.
Wells Fargo has announced which Wachovia bank branches will be changed over to its own name this year as it continues to fold the former bank giant into its own brand.
In a Wells Fargo-Wachovia blog post, company social media program manager Doug Caldwell says Alabama, Mississippi and Tennessee...
After Bank of America announced its new mortgage modification program that offered principal forgiveness for certain types of loans, I wondered if it was the only bank to do so. Of the four major loan servicers on the HAMP program -- Bank of America, JP Morgan Chase, Wells Fargo Bank and...
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