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Wells Fargo

A collection of news and information related to Wells Fargo published by this site and its partners.

Top Wells Fargo Articles

Displaying items 12-22
  • New bidders try to squeeze into Revel casino sale process

    Nineteen would-be buyers of Atlantic City's former Revel Casino Hotel have expressed interest in acquiring the shuttered seaside gambling hall. To them, Revel's lawyers had a simple response Thursday: Show us the money. A federal bankruptcy court...
  • What could happen at (the latest) Revel casino sale hearing

    The future of Atlantic City's former Revel Casino Hotel could be determined — or it could become muddier than ever. Judge Gloria Burns is due to consider the proposed $82 million sale of the $2.4 billion casino to Florida developer Glenn Straub...
  • Fed approves dividend, buyback plans for US banks

    The Federal Reserve gave the green light Wednesday to major U.S. banks to raise dividends and buy back shares, deeming they have a sturdy enough financial foundation to withstand a major economic downturn. But the Fed gave Bank of America only...
  • Chicago is scrambling to renegotiate swap deals, avoid painful payments

    Chicago is scrambling to renegotiate swap deals, avoid painful payments
    Chicago's dropping debt rating has officials scrambling to renegotiate hundreds of millions of dollars worth of contracts that analysts say expose Chicago to more derivatives risk than most major cities. City officials are working to avoid a $38 million...
  • Bank of America receives OK for capital plan but must address 'deficiencies'

    CHARLOTTE, N.C. Bank of America received conditional approval Wednesday from the Federal Reserve to return additional capital to shareholders, but the Fed told the Charlotte bank it has to address "deficiencies" and "weaknesses" in its capital planning...
  • Hires and promotions at Lehigh Valley businesses

    STEVEN FORLEITER has joined The Provident Bank, as vice president and relationship manager for the asset based lending team. In this position, Forleiter is responsible for asset based lending business development in the Pennsylvania market. Forleiter...
  • Survey: Business economists support rate hike this year

    Most business economists expect the Federal Reserve to raise interest rates in the second half of this year, but say uncertainty over the Fed's plans is no longer slowing U.S. economic recovery, according to a new survey. Seventy-one percent of the 293...
  • Job growth in California soars

    Job growth in California soars
    California added 150,000 more jobs last year than previously believed, signaling that economic growth in the state far outpaced the rest of the nation. The new numbers, released Friday by the state, show California added a total of 471,200 jobs in...
  • Largest US banks all pass latest round of Fed 'stress tests'

    All of the nation's 31 largest banks are adequately fortified to withstand a severe U.S. and global recession and keep lending, the Federal Reserve said Thursday. Results of the Fed's annual "stress tests" show that as a group, the 31 banks are...
  • Lauderhill considers banking program

     Lauderhill considers banking program
    Lauderhill, which has a sizable number of unbanked and underbanked households, is currently working on a program that will encourage people to depend on mainstream financial institutions, such as banks and credit unions. About 50 percent of the city's...
  • Man shot by police on Skid Row is identified

    A homeless man who was shot to death by police during a Skid Row confrontation over the weekend was identified Thursday under his true name — not the stolen identity he had used for years. Charly Keundeu Keunang, 43, was listed as being indigent...