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Wells Fargo will hire 1,000 bankers in Virginia, Maryland and the District of Columbia in the next few months as it beefs up staffing at former Wachovia branches, the company said.
By Jeff HorwitzMarch 8 -
Given Atkins' popularity on Wall Street and high profile, questions turned to how the bank would manage the transition. Wells, however, appears to be in position to ignore them.
By Jeff HorwitzFebruary 10 -
Wells Fargo CFO Howard Atkins has resigned for personal reasons, the bank announced late Tuesday. He was immediately succeeded by chief administrative officer Timothy Sloan.
By Jeff HorwitzFebruary 9 -
Unlike some of their peers, Wells Fargo, U.S. Bancorp and PNC Financial Services Group don't have to devote a hearty portion of their investor presentations these days to discuss ...
By Jeff HorwitzFebruary 2 -
Absent from BofA chief Brian Moynihan's comments on his company's disappointing performance in 2010 was a convincing case that 2011 won't be yet another such year.
By Jeff HorwitzJanuary 24 -
Executives at Comerica have highly valued Texas expansion for a long time maybe too much in some eyes, after its big deal announcement Tuesday.
By Jeff HorwitzJanuary 19 -
Three years after the last recession began, gathering retail deposits is a game where every banks a winner. Even the ones that dont want to be.
By Jeff HorwitzJanuary 4 -
Data gathered by the deposit research firm Market Rates Insight shows that total deposits increased by a full trillion dollars in the 36 months preceding October, despite the steady plunge of rates paid in that same time frame.
By Jeff HorwitzDecember 10 -
Along with the executives of Comerica Inc., and U.S. Bancorp, Steinour argued that a partial near-term economic recovery was sufficient for his bank to again achieve increased loan volume and steady profitability.
By Jeff HorwitzDecember 9 -
After seeing its stock rose 5% over the last two weeks, Wells Fargo is within a few billion dollars of JPMorgan Chase's $156 billion market capitalization.
By Jeff HorwitzDecember 7 -
To quell doubts about its mortgage unit's handling of documents, Bank of America Corp. is distancing itself from itself.
By Kate Berry and Jeff HorwitzDecember 1 -
Bank of America Corp.'s chief executive acknowledged in perhaps the starkest terms yet that for the country's largest bank, innovation may now be less important than remediation.
By Jeff HorwitzNovember 17 -
With around $100 million of annual revenue and deposits of $10 billion, the acquisition would fit into U.S. Bancorps years-long effort to build its corporate trust business.
By Jeff HorwitzNovember 15 -
A near-record of mortgage refinancings and expense control were essential to Wells Fargo in grinding out $3.3 billion in profit as loan demand sputtered again.
By Jeff HorwitzOctober 21 -
Two years after reaching a deal for Wachovia's crisis-time acquisition, Wells Fargo is only now beginning to integrate Wachovia's core markets.
By Jeff HorwitzOctober 18 -
Even some of the commissioners who approved the proposal suggested it wasn't an ironclad obstacle to gussying up complex balance sheets.
By Jeff HorwitzSeptember 20 -
The ramifications of a federal court's order for Wells Fargo to repay $203 million in overdraft fees extend far beyond the price tag one company has to pay for its California operations.
By Jeff HorwitzAugust 12 -
If regulators had used the tests to prod European banks to raise capital, American institutions might soon be trading, and competing, with stronger peers across the Atlantic.
By Jeff Horwitz and Matthew MonksJuly 26 -
Wells Fargo's $3.1 billion of earnings in the second quarter handily outpaced analyst expectations, and its unchanged revenue outdid many of its peers' performance.
By Jeff HorwitzJuly 22 -
When the largest banks report second-quarter results this month, there will likely be less to brag about on the credit front, and tough questions to answer about the probable impact of financial reform.
By Jeff HorwitzJuly 7