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February 13, 2012
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| 08:52 EDT |  | WFC |
| theflyonthewall.com: | BofA/Merrill hosts a conference call on Attorney General settlement with banks |
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| 07:27 EDT | | WFC |
| theflyonthewall.com: | The Bondy Buyer to host a conference | | 16th Annual Texas Public Finance Conference is being held in Austin, Texas on February 12-14. :theflyonthewall.com |
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| 07:08 EDT |  | WFC |
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| 06:20 EDT | | WFC |
| theflyonthewall.com: | On the Fly: Periodicals Wrap-Up | | WALL STREET JOURNAL: Former Fed chairman Paul Volker is expected to file a comment letter on the Volcker rule before a deadline today, saying that the U.S. financial system will be safer and healthier with a ban on proprietary trading by banks, sources say, the Wall Street Journal reports...European Union Transport Commissioner Siim Kallas says the EU will be flexible with its emissions tax on airlines, but won't suspend it unless countries can agree on a significant alternative, the Wall Street Journal reports...REUTERS: China Investment Corp. Chairman Lou Jiwei remains uneasy about investing in European government bonds, but said the country's $410B sovereign wealth fund will consider opportunities in infrastructure and real industrial projects, Reuters reports...Prudential Financial (PRU) hired Bank of America Merrill Lynch (BAC) to advise it on a possible bid for ING Groep's (ING) Asian insurance operations, according to South Korean media, Reuters reports. :theflyonthewall.com |
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February 12, 2012
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| 11:02 EDT | | WFC |
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February 10, 2012
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| 14:36 EDT |  | WFC |
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| 07:26 EDT | | WFC |
| theflyonthewall.com: | Banks' foreclosure settlement just the beginning of its troubles, Bloomberg says |
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| 06:18 EDT | | WFC |
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February 9, 2012
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| 16:42 EDT | | WFC |
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| 13:15 EDT |  | WFC |
| theflyonthewall.com: | Wells Fargo CFO says bank can do investment banking in a risk appropriate way | | :theflyonthewall.com |
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| 13:13 EDT | | WFC |
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| 13:07 EDT | | WFC |
| theflyonthewall.com: | Wells Fargo mortgage business benefiting from refinancing activity | | :theflyonthewall.com |
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| 13:04 EDT | | WFC |
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| 13:04 EDT | | WFC |
| theflyonthewall.com: | Wells Fargo expects response on capital plan from Fed in March | | :theflyonthewall.com |
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| 12:59 EDT | | WFC |
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| 12:31 EDT | | WFC |
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| 12:09 EDT | | WFC |
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| 11:51 EDT | | WFC |
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| 11:18 EDT | | WFC |
| theflyonthewall.com: | Wells Fargo says $5.3B settlement does not result in current period charges | | The company said that, as of December 31, 2011, the company had fully accrued for the Foreclosure Assistance Payment. Similarly, as of December 31, 2011, the expected impact of the Consumer Relief Program was covered in our allowance for credit losses and in the non-accretable difference relating to our purchased credit-impaired residential mortgage portfolio. The Refinance Program will not result in any current-period charge as the impact of this program will be recognized over a period of years in the form of lower interest income as qualified borrowers benefit from reduced interest rates on loans refinanced under the program. :theflyonthewall.com |
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| 11:17 EDT | | WFC |
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| 10:35 EDT | | WFC |
| theflyonthewall.com: | DOJ announces $25B settlement with five largest mortgage servicers | | U.S. Attorney General Eric Holder, Department of Housing and Urban Development Secretary Shaun Donovan, Iowa Attorney General Tom Miller and Colorado Attorney General John W. Suthers announced that the federal government and 49 state attorneys general have reached a landmark $25B agreement with the nation’s five largest mortgage servicers to address mortgage loan servicing and foreclosure abuses. The joint federal-state group entered into the agreement with the nation’s five largest mortgage servicers: Bank of America Corporation (BAC), JPMorgan Chase (JPM), Wells Fargo & Company (WFC), Citigroup (C) and Ally Financial, formerly GMAC. The joint federal-state agreement requires servicers to implement comprehensive new mortgage loan servicing standards and to commit $25 billion to resolve violations of state and federal law. Under the terms of the agreement, the servicers are required to collectively dedicate $20B toward various forms of financial relief to borrowers. Mortgage servicers are required to fulfill these obligations within three years. In addition to the $20 billion in financial relief for borrowers, the agreement requires the servicers to pay $5B in cash to the federal and state governments. :theflyonthewall.com |
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| 10:26 EDT | | WFC |
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| 10:07 EDT | | WFC |
| theflyonthewall.com: | Government settlement with banks over foreclosures could go to $40B, CNBC says |
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| 09:53 EDT | | WFC |
| theflyonthewall.com: | California AG announces $18B settlement with banks over foreclosure practices |
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| 09:15 EDT | | WFC |
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| 07:09 EDT | | WFC |
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| 06:29 EDT | | WFC |
| theflyonthewall.com: | Government nears $26B deal with banks over alleged foreclosure abuses, WSJ says |
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February 8, 2012
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| 08:21 EDT | | WFC |
| theflyonthewall.com: | Mortgage lenders mostly reserved for settlement deal, Reuters reports | | Five of the country's biggest mortgage lenders--Bank of America (BAC), JPMorgan Chase (JPM), Wells Fargo (WFC), Citigroup (C) and Ally Financial--are moving closer to a $25B settlement over foreclosure abuses, and it's now being understood that any deal will have little or no impact on their future bottom lines, reports Reuters. Reference Link :theflyonthewall.com |
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| 07:38 EDT | | WFC |
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| 07:12 EDT | | WFC |
| theflyonthewall.com: | NY attorney general fails to support mortgage settlement, Washington Post says |
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| 06:22 EDT | | WFC |
| theflyonthewall.com: | On the Fly: Periodicals Wrap-Up | | WALL STREET JOURNAL: GM (GM) is preparing to disclose "horrendous" Q4 losses in its European Opel/Vauxhall unit and is demanding steep cuts from labor unions there, a GM official said, adding that the auto maker's patience with the money-losing operation is running out, the Wall Street Journal reports...Apple (AAPL) asked the European Telecommunications Standards Institute to set basic principles governing how member companies license their patents, the Wall Street Journal reports...BLOOMBERG: JPMorgan Chase (JPM), Bank of America (BAC) and Wells Fargo (WFC) were sued by New York Attorney General Schneiderman over the use of a mortgage database that the state said led to improper foreclosures, Bloomberg Businessweek reports...Wall Street groups, the International Swaps and Derivatives Assn. and the Securities Industry and Financial Market Assn., sought to have U.S. District Judge Robert Wilkins in Washington delay a U.S. Commodity Futures Trading Commission rule that limits speculation, saying the regulation is already imposing “significant, irreversible costs,” Bloomberg reports...REUTERS: British Airways (BAIRY) and Japan Airlines (JALSY) agreed on a revenue sharing deal for flights between Europe and Japan, Reuters reports. :theflyonthewall.com |
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February 7, 2012
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| 14:20 EDT | | WFC |
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| 06:22 EDT | | WFC |
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| 05:49 EDT | | WFC |
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| 04:56 EDT | | WFC |
| theflyonthewall.com: | Wells Fargo has 728,024 active trial, copmpleted modifications thru Dec. 2011 | | Wells Fargo reported that as of Dec. 31, 2011 the company had 728,024 active trial or completed mortgage modifications started since January 2009. Approximately 84% of those, or 614,117 modifications, were done through the company’s own programs and 113,907 were done through the federal government’s Home Affordable Modification Program, or HAMP. :theflyonthewall.com |
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February 6, 2012
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| 08:00 EDT | | WFC |
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| 07:00 EDT | | WFC |
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February 3, 2012
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| 11:58 EDT | | WFC |
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| 11:47 EDT | | WFC |
| theflyonthewall.com: | BofA, JP Morgan, Wells Fargo sued by NY Attorney General, Reuters reports | | Bank of America (BAC), JP Morgan (JPM) and Wells Fargo (WFC) are being sued by NY's Attorney General over the use of MERS mortgage system, Reuters reports. :theflyonthewall.com |
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| 06:08 EDT | | WFC |
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February 2, 2012
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| 12:30 EDT | | WFC |
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February 1, 2012
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| 11:46 EDT | | WFC |
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| 08:04 EDT | | WFC |
| theflyonthewall.com: | U.S. considers sovereign debt exemption from Dodd-Frank ban, Bloomberg reports |
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January 31, 2012
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| 07:07 EDT | | WFC |
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| 06:34 EDT | | WFC |
| theflyonthewall.com: | New 401(k) rules to require fee disclosure, WSJ reports | | Backed by the Labor Department, rules governing 401(k) retirement plans are about to change, and potentially result in savings for millions of American, reports the Wall Street Journal. Plan administrators and investment companies are to disclose the costs, as companies look to lower fees and offer new investment choices.Reference Link :theflyonthewall.com |
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| 06:26 EDT | | WFC |
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| 06:20 EDT | | WFC |
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