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Stock Market & Financial Investment News

News Breaks
November 14, 2012
10:12 EDTWFCWells Fargo CFO says thinks bank can grow NIM in this environment
News For WFC From The Last 14 Days
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March 6, 2015
10:35 EDTWFCBank of America advances after Fed reports stress test results
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March 5, 2015
17:22 EDTWFCWells Fargo releases results of 2015 Dodd-Frank Stress Test
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16:47 EDTWFCFed stress test reveal all 31 banks meet capital requirements
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March 4, 2015
11:29 EDTWFCSEC charges Wells Fargo's H.D. Vest with violating consumer protection rules
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07:22 EDTWFCBanks, not Apple, on hook for 'post-Apple Pay fraud,' says Trustev
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March 2, 2015
06:41 EDTWFCWells Fargo to place limit on subprime auto loans, NY Times reports
Wells Fargo has decided to limit the dollar volume of its subprime auto loans to 10% of its overall auto loan originations, bank executives said, according to The New York Times. Reference Link
March 1, 2015
13:05 EDTWFCBerkshire's Buffett says 2015 will be 'tough year' for 'Big Four' investments
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February 27, 2015
08:01 EDTWFCWells Fargo fires Ocwen as bond overseer, hires Credit Suisse, Bloomberg says
Wells Fargo (WFC) has issued notices to Ocwen (OCN) terminating it as overseer of debt backing for two bond deals, reports Bloomberg, citing letters sent from Wells Fargo to bondholders. Wells Fargo stated in notices sent to bondholders that a majority of investors felt the move was correct. Wells Fargo plans to transfer responsibility to Credit Suisse (CS). Reference Link
February 26, 2015
15:02 EDTWFCFed extends capital surcharge for SiFi banks comment period to April 3
The Federal Reserve extended until April 3 the comment period for its proposed rule to implement capital surcharges for the largest, most systemically important U.S. bank holding companies. The Fed extended the comment period to allow interested persons more time to analyze the issues and prepare their comments. Originally, comments were due by March 2. The proposed rule would establish a methodology to identify whether a firm is a global systemically important banking organization and would also establish the size of a firm's risk-based capital surcharge. The proposal is designed to further strengthen the capital positions of these institutions. Large U.S. banks include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
10:50 EDTWFCNew York regulator considering cybersecurity, cash laundering controls, WSJ says
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February 24, 2015
07:12 EDTWFCWells Fargo to hold a conference
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