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Stock Market & Financial Investment News

News Breaks
January 9, 2013
11:26 EDTWFCWells Fargo: Processing issue delays payment to NM UIDC
Wells Fargo & Company announced that a processing issue occurred with an automated clearing house transaction associated with the New Mexico Unemployment Insurance Debit Card on Monday, January 7. As a result, debit cardholders experienced a delay in fund availability. Approximately half of eligible benefit recipients that hold the New Mexico Unemployment Insurance Debit Cards receive weekly funds at 5 a.m. MST every Monday; the remaining recipients receive funds at 5 a.m. MST every Tuesday. The processing issue delayed payment to all card holders until Tuesday, January 8, at 10:30 a.m. MST. The processing issue has been addressed, and the issue has been resolved. Any fees charged to debit card holders as a direct result of the delay of payment will be refunded.
News For WFC From The Last 14 Days
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May 5, 2015
12:13 EDTWFCWells Fargo sued by Los Angeles over 'unlawful conduct,' LA Times reports
Wells Fargo has been sued by the city of Los Angeles, which accuses the bank of driving employees to open unauthorized customer accounts, charging them "bogus" fees and damaging their credit, The LA Times reports. The civil complaint claims Wells Fargo encouraged employees to engaged in "unfair, unlawful and fraudulent conduct." Reference Link
07:16 EDTWFCNational Cable & Telecommunications Association to hold an expo
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May 1, 2015
16:59 EDTWFCWells Fargo CEO: Mortgage market good, but not booming
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April 30, 2015
06:26 EDTWFCBanks, government dispute 'aggressive' foreign-bribery laws, WSJ reports
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April 29, 2015
06:14 EDTWFCSEC proposal would inform investors how pay aligns with results, WSJ reports
The SEC is today set to propose long-awaited rules that would force thousands of companies to inform investors how the pay of top management aligned with the firm's financial results, The Wall Street Journal reports. If approved, companies would have to include a table in their annual proxy filings disclosing "actual pay" of top executives. Reference Link
April 28, 2015
14:08 EDTWFCWells Fargo raises quarterly dividend 7% to 37.5c
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April 23, 2015
07:03 EDTWFCCapital Link to hold a forum
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April 21, 2015
09:02 EDTWFCBlackstone, Wells Fargo in talks on more GE financial assets, Bloomberg says
General Electric (GE), which has announced plans to divest the majority of its GE Capital businesses, is in talks about the potential sale of its $74B U.S. commercial-lending unit, reported Bloomberg, echoing a similar report from The Wall Street Journal. Potential buyers include Blackstone (BX), Mitsubishi UFJ (MTU) Wells Fargo (WFC) and Apollo Global (APO), according to people with knowledge of the matter. Reference Link

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