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Wells Fargo announced on its blog the new Way2Save program which is now available in Minnesota and Washington State. Other states will eventually be converted to this new Way2Save. Unfortunately,...
When the credit crisis struck last year, federal regulators pumped tens of billions of dollars into the nation's leading financial institutions because the banks were so big that officials feared...
One area that travelers frequently overlook is the rate that they pay when using an ATM or credit card overseas. HSBC, Bank of America and Wells Fargo charge a fee of 2% of the dollar amount of a...
Banks are using a little-known tactic to help pay bonuses, deferred pay and pensions they owe executives: They're holding life-insurance policies on hundreds of thousands of their workers, with...
The recent bank stress test has raised a lot of questions about how much more money American taxpayers will have to pour into the giant monster mega-banks.
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The real problem here is that we...
A thief steals the wallet of a retired Wells Fargo vice president, and this leads to thousands of dollars stolen from the former VP's bank account (at Wells Fargo) and to an identity theft...
Wells Fargo posted a first quarter profit today that exceeded analysts expectations. CFO Howard Atkins came right out and said it was because they are no longer paying high rates on deposits.
This is an interesting commentary from Bloomberg on trust preferred securities issued by Citibank, yielding 25%, and Wells Fargo, yielding 12%, that are superior to preferred shares in a...
Ken Lewis saved Angelo Mozilo from doing a perp walk, and gave Merrill a sweetheart deal of century, but also took down the largest financial institution in the country and now has put the entire...
Several of the nation's biggest banks have failed or been absorbed by healthier institutions, leaving three giant "superbanks" with an unprecedented concentration of market power: Bank of America,...