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Wells Fargo & Co

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  • Final Glance: Banks companies Monday, 20 Apr 2015 | 7:10 PM ET

    Bank of America Corp. rose$. 01 or. 1 percent, to $15.57. Citigroup Inc. rose$. 13 or. 2 percent, to $53.20. Goldman Sachs rose$. 75 or. 4 percent, to $198.10.

  • Securities and Exchange Commission Administrative Law Judge Jason Patil delivered the warning to SEC lawyers after hearing arguments in a civil proceeding against Joseph Ruggieri. Ruggieri, who traded healthcare stocks for Wells Fargo, is accused by the SEC of unlawfully trading on tips about imminent upgrades and downgrades in the ratings of various...

  • Berkshire Hathaway Media Group said Monday that it had acquired six weekly newspapers and the daily Tulsa Business and Legal News from Community Publishers Inc.. Terms of the deal— which includes The Broken Arrow Ledger, The Sand Springs Leader, The Coweta American, The Wagoner Tribune, The Owasso Reporter and the Skiatook Journal— weren't disclosed.

  • Iglo Foods CEO takes top job at perfume maker Coty Monday, 20 Apr 2015 | 1:47 PM ET
    Elio Leoni-Sceti

    Coty, which makes perfumes for brands such as Calvin Klein and Marc Jacobs, said Elio Sceti, would join the company as CEO in July.

  • Midday Glance: Banks companies Monday, 20 Apr 2015 | 1:17 PM ET

    Bank of America Corp. rose$. 07 or. 4 percent, to $15.63. Citigroup Inc. rose$. 42 or. 8 percent, to $53.49. Goldman Sachs rose $1.51 or. 8 percent, to $198.86.

  • Judge says new Revel owner can cancel tenant leases Monday, 20 Apr 2015 | 1:02 PM ET

    ATLANTIC CITY, N.J.— The new owner of Atlantic City's Revel casino can terminate the leases of former business tenants there, a judge ruled Monday. The decision by U.S. Bankruptcy Court Judge Gloria Burns frees Glenn Straub to either renegotiate new leases with the former tenants, including restaurants and nightclubs, or seek new firms to rent space once the...

  • April 20- Perfume maker Coty Inc said Elio Sceti, the chief executive of Europe's largest frozen foods company Iglo Foods Holdings Ltd, would join the company as CEO in July. Shares of Coty, which makes perfumes for fashion brands such as Calvin Klein and Marc Jacobs, rose as much as 3 percent to a record high of $25.72. "Sceti appears to be exactly the type of candidate...

  • April 20- General Electric Co is in early-stage talks with Wells Fargo& Co about selling its entire $74 billion U.S. commercial lending and leasing portfolio to the bank, according to a source familiar with the situation. GE and Wells Fargo declined to comment. The talks with Wells Fargo underscored GE's urgency in looking to dismantle its GE Capital business and...

  • GE in talks to sell $74 bln portfolio to Wells Fargo Monday, 20 Apr 2015 | 12:19 PM ET

    April 20- General Electric Co is in early-stage talks with Wells Fargo about selling the bank its entire $74 billion U.S. commercial lending and leasing portfolio, according to a source familiar with the situation. The source asked not to be identified because the talks are confidential. GE and Wells Fargo declined to comment.

  • Early Glance: Banks companies Monday, 20 Apr 2015 | 10:38 AM ET

    Bank of America Corp. rose$. 04 or. 3 percent, to $15.60. Citigroup Inc. rose$. 27 or. 5 percent, to $53.34. Goldman Sachs rose $1.84 or. 9 percent, to $199.19.

  • WASHINGTON— U.S. businesses expect their sales will rebound in the next three months after a sluggish first quarter, and they also plan to boost hiring and pay, according to a survey released Monday. "Growth in the first quarter appears to be an outlier within the broader economic outlook," said John Silvia, chief economist at Wells Fargo. Silvia is also president of...

  • Wells Fargo acknowledges it no longer has anything to do with the building, which was bought on April 7 by Florida developer Glenn Straub. "As a matter of public interest for the City of Atlantic City and the State of New Jersey, Wells Fargo is concerned that the impasse between ACR and Polo North is creating a potentially dangerous situation with respect to the...

  • Vencore's owner, private equity firm Veritas Capital Management LLC, has hired Stone Key Group LLC and Wells Fargo& Co to advise on an auction for the company, three people said on Friday. Veritas Capital and Wells Fargo declined to comment. Veritas Capital bought the company, which was previously called SI Organization Inc, from Lockheed Martin Corp for $815...

  • Final Glance: Banks companies Friday, 17 Apr 2015 | 6:03 PM ET

    Bank of America Corp. fell$. 23 or 1.5 percent, to $15.56. Citigroup Inc. fell$. 95 or 1.8 percent, to $53.07. Goldman Sachs fell $2.86 or 1.4 percent, to $197.35.

  • Why banks made more money last quarter Friday, 17 Apr 2015 | 3:41 PM ET

    NEW YORK— Wall Street and Main Street gave banks a boost last quarter. JPMorgan Chase created $24.7 billion worth of mortgages, up 45 percent from a year earlier, while Bank of America put together mortgages worth $13.7 billion, up 54 percent. Wells Fargo, the nation's largest mortgage lender, generated $49 billion in home loans, up 36 percent from the same period...

  • Midday Glance: Banks companies Friday, 17 Apr 2015 | 1:17 PM ET

    Bank of America Corp. fell$. 26 or 1.6 percent, to $15.54. Citigroup Inc. fell$. 77 or 1.4 percent, to $53.25. Goldman Sachs fell $3.08 or 1.5 percent, to $197.14.

  • Early Glance: Banks companies Friday, 17 Apr 2015 | 10:57 AM ET

    Bank of America Corp. fell$. 16 or 1.0 percent, to $15.63. Citigroup Inc. fell$. 30 or. 6 percent, to $53.72. Goldman Sachs fell $2.38 or 1.2 percent, to $197.83.

  • "Confidence is back," said Laura Oberst, an executive vice president at Wells Fargo& Co who oversees commercial banking for the central U.S. region. A Wells Fargo spokeswoman could not immediately provide a bank-wide utilization rate for commercial and industrial borrowers, but said it has gone up a few percentage points over the past year. The increased usage...

  • Final Glance: Banks companies Thursday, 16 Apr 2015 | 6:03 PM ET

    Bank of America Corp. rose$. 15 or 1.0 percent, to $15.79. Citigroup Inc. rose$. 81 or 1.5 percent, to $54.02. Goldman Sachs fell$. 89 or. 4 percent, to $200.21.

  • NEW YORK, April 16- Wells Fargo Bank breached a nationwide 2010 legal settlement involving adjustable-payment mortgages, a federal judge ruled, finding that the bank did not properly evaluate homeowners who applied for help to avoid foreclosures. In an order on Wednesday, U.S. District Court Judge Richard Seeborg in northern California told Wells to meet with...