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Stock Market & Financial Investment News

News Breaks
May 9, 2012
18:53 EDTWFCWells Fargo releases statement regarding background checks and fingerprinting
Wells Fargo issued the following statement regarding its decision to terminate the employment of Wells Fargo team members due to past criminal matters involving dishonesty or breach of trust: "The decision to terminate team members over criminal matters that occurred prior to their employment with Wells Fargo may seem tough - we recognize that these situations are difficult for everyone involved - but laws and regulations related to the employment of bank employees are designed to protect the interests of all consumers who put their trust in financial service companies. As an insured depository institution, Wells Fargo is bound by Section 19 of the Federal Deposit Insurance Act that prohibits us from hiring or continuing the employment of any person who we know has a criminal record involving dishonesty or breach of trust - regardless of when the incidents occurred. This includes convictions as well as situations where the person has agreed to enter into a pretrial diversion or similar program in connection with a prosecution for such an offense, even if the charges ultimately are dismissed. Wells Fargo has been performing thorough background checks on all its team members - regardless of when they were hired - which includes a fingerprint check with the FBI. We encourage job candidates and team members alike to reveal any past convictions to us at both the time of hire and when rescreenings are conducted. Those who are found to have a disqualifying criminal record have the ability to dispute the accuracy of the information we receive and to otherwise appeal their termination if they believe a mistake has been made. They can also apply to the FDIC for written permission to work at a financial institution despite the existence of the disqualifying conviction. A financial institution's violation of Section 19 can result in a fine of up to $1M per day, imprisonment for up to five years, or both."
News For WFC From The Last 14 Days
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September 2, 2015
12:33 EDTWFCOptions Update; September 2, 2015
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10:00 EDTWFCOn The Fly: Analyst Upgrade Summary
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08:19 EDTWFCWells Fargo upgraded to Buy from Hold at Sandler O'Neill
Sandler O'Neill analyst R. Scott Siefers upgraded Wells Fargo to Buy with a $59 price target citing the 13% pullback in shares from their July high. Wells has been positioning itself better to "capture opportunities irrespective of the rate environment," the analyst tells investors in a research note.
07:07 EDTWFCWells Fargo volatility at high end of range
Wells Fargo September weekly call option implied volatility is at 52, September is at 38, October is at 35; compared to its 52-week range of 12 to 36, suggesting large near term price movement.
05:12 EDTWFCStocks with implied volatility movement; WFC NFLX
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September 1, 2015
09:01 EDTWFCWells Fargo names John C. Adams as head of commercial banking
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August 31, 2015
18:54 EDTWFCRadioShack creditors sue Standard General in effort to recoup losses, WSJ says
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18:20 EDTWFCForever 21 seeks $150M loan, WSJ says
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August 28, 2015
06:21 EDTWFCWells Fargo front-runner to purchase GE's railcar unit, Bloomberg reports
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August 27, 2015
06:46 EDTWFCFed ups scrutiny of U.S. bank payment systems, WSJ reports
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06:34 EDTWFCBanks, investors may suffer from margin calls, WSJ reports
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August 25, 2015
11:12 EDTWFCNumerous analysts upgrade Bank of America amid market rebound
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August 24, 2015
12:26 EDTWFCAvolon Capital acquires Airbus A321-200 aircraft on lease to Vueling Airlines
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07:01 EDTWFCWells Fargo volatility at high end of range
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