Word: wellses
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
All of those plans, no matter how well-intentioned they may seem, are unnecessary now. Wells Fargo (WFC) indicated that it made about $3 billion in the first quarter of the year and declared its buyout of the deeply troubled Wachovia to be a success. Wells Fargo (WFC) said that...
The bondholders could try to resist bankruptcy, but there would be consequences. Among the bondholders are banks such as JPMorgan Chase and Wells Fargo that themselves have taken money from the government's Troubled Asset Relief Program. Standing in the way of the Administration's plans for the auto industry...
The losses would deal a blow to financial firms already struggling from rising delinquencies, and could force some troubled firms such as Bank of America, Citigroup and Wells Fargo to go back to the government for another round of financing. That could create another problem: There's just $135 billion...
And the remedies Congress is in a fever pitch to approve may well end up hurting the rescue efforts. The bonus bills, which would apply to virtually every major bank - including Citigroup, Bank of America, Wells Fargo, Goldman Sachs, Morgan Stanley and JP Morgan Chase, as well as AIG, Fannie...
Then I reconsidered. A Wells Fargo sales trip to Vegas - to name another recent, and recently canceled, source of Washington outrage - is a triviality. The AIG bonuses, on the other hand, are emblematic of the heads-I-win-tails-you-lose nature of Wall Street pay. This incentive structure was...