Wells Fargo spending $432 million to end lending suit
(Reuters) - Wells Fargo & Co has promised $432.5 million in lending and other payments to end a lawsuit accusing the bank of discriminatory lending practices in Memphis, Tennessee. The...
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Wells Fargo highlights risk management
(Reuters) - Wells Fargo & Co doesn't employ the same kind of hedging strategy that has triggered a trading loss of at least $2 billion at rival JPMorgan Chase &...
Wells Fargo highlights risk management
(Reuters) - Wells Fargo & Co doesn't employ the same kind of hedging strategy that has triggered a trading loss of at least $2 billion at rival JPMorgan Chase &...
Bank of America CEO “comfortable” with bank’s investments
(Reuters) - Bank of America Corp is "very comfortable" with the composition of its corporate investment portfolio, which is invested mostly in government-guaranteed mortgage bonds and U.S. Treasuries, Chief Executive...
Bank of America CEO “comfortable” with bank’s investments
(Reuters) - Bank of America Corp is "very comfortable" with the composition of its corporate investment portfolio, which is invested mostly in government-guaranteed mortgage bonds and U.S. Treasuries, Chief Executive...
Janney planning 5-10 percent adviser growth: CEO
CHARLOTTE, North Carolina (Reuters) - Mid-sized brokerage firm Janney Montgomery Scott LLC expects to increase its total advisers by 5 to 10 percent annually, as it attracts brokers disillusioned with...
Janney planning 5-10 percent adviser growth: CEO
CHARLOTTE, North Carolina (Reuters) - Mid-sized brokerage firm Janney Montgomery Scott LLC expects to increase its total advisers by 5 to 10 percent annually, as it attracts brokers disillusioned with...
Ally Financial’s mortgage unit nears bankruptcy: sources
NEW YORK (Reuters) - Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the...
Insight: Ally’s mortgage unit problems come full circle
NEW YORK/CHARLOTTE, North Carolina (Reuters) - In the fall of 2009, the board of GMAC, one of the largest U.S. auto and home-loan companies, gathered in New York to discuss...
Dissident shareholders want access to BofA meeting
(Reuters) - An activist group is urging Bank of America Corp to allow all shareholders to enter next week's annual meeting after it says Wells Fargo & Co excluded attendees...