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Stock Market & Financial Investment News

News Breaks
April 1, 2014
08:32 EDTWFC, DDSWells Fargo, Dillard's announce new credit card agreement
Wells Fargo (WFC) and Dillardís (DDS) announced that the two companies have entered into an agreement for Wells Fargo to fund, issue and service Dillardís-branded private label and co-brand credit cards. Wells Fargo will also manage the cardholder loyalty program for Dillardís. The program agreement has a 10-year term and is anticipated to become operational in 4Q14, following the scheduled expiration of Dillardís current program agreement. Financial terms of the agreement were not disclosed. Dillardís management believes its earnings from the new program exclusive of startup costs will be comparable to its historical earnings from the Dillardís branded credit card products and believes that earnings will increase with future program growth.
News For WFC;DDS From The Last 14 Days
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August 27, 2014
08:00 EDTWFCSEC seen completing rules on MBS detail disclosures, WSJ says
The Securities and Exchange Commission is expected to complete rules requiring banks and other financial institutions to give investors greater detail about the quality of mortgages and other loans pooled into bonds known as asset-backed securities, reported The Wall Street Journal. Publicly traded big U.S banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
August 22, 2014
08:33 EDTDDSDillard's says CFO James Freeman to retire, effective February 1, 2015
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August 21, 2014
06:43 EDTWFCRegulators up bank warning efforts for poor risk assessment, Reuters says
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August 20, 2014
06:02 EDTWFCWells Fargo wins approval for $62.5M settlement, Charlotte Observer says
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August 19, 2014
13:42 EDTWFCWells Fargo looks to bulk up asset-management business, WSJ says
Wells Fargo is looking to increase the size of its asset-management business to over $1T over the next decade by making acquisitions of smaller asset managers and more aggressive sales to larger investors, says the Wall Street Journal. Reference Link

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