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Wells Fargo & Co


  • WASHINGTON, June 17- A U.S. bank regulator on Wednesday said it imposed restrictions on mortgage servicing against HSBC, Wells Fargo and four others because they failed to meet all of the requirements of a major settlement. Wells Fargo and HSBC face the toughest restrictions, the OCC said on Wednesday, and JPMorgan Chase, EverBank, Santander and U.S. Bank also will...

  • Fed wants 2 rate hikes, but may back down: Expert Tuesday, 16 Jun 2015 | 10:02 AM ET
    Federal Reserve Board Chair Janet Yellen.

    The Federal Reserve is likely to keep a September rate hike on the table, but the central bank will likely only move once this year, in December, Jim Caron tells CNBC.

  • NEW YORK, June 16- When Jesse Lambert lost his job last December, he was about a level seven for panic. After paying rent in Arlington, Virginia, the 33- year-old's student loans for his undergraduate degree and masters in international commerce were the next biggest expense at around $450 per month. In fact, the unemployment rate for those in the 16-24 age group with...

  • Is defaulting on student debt ever a good idea? Monday, 15 Jun 2015 | 9:33 AM ET
    Dirk Wierenga’s state tax refunds are being confiscated because his son defaulted on his loans. “I’m basically a third-world nation when it comes to my credit score,” Mr. Wierenga said.

    A look at the ramifications of defaulting on student debt by The New York Times.

  • June 12- Shares of Wingstop Inc, a Dallas- based chicken wing restaurant chain, rose nearly 70 percent in their market debut on Friday, valuing the company at $914 million. Wingstop, which operates over 750 "pre-jet" aviation-themed restaurants in the United States and six other countries, makes chicken wings in a dozen quirky flavors, ranging from the spiciest "...

  • WASHINGTON, June 11- Two top officials at the U.S. Securities and Exchange Commission called on the regulator on Thursday to update stale rules governing back-office businesses that keep track of stocks as they change hands and of the issuance of shares. The commission had not significantly revised the rules for the operations known as transfer agents in...

  • INSIGHT-Automated lenders threaten to eat banks' lunch Thursday, 11 Jun 2015 | 1:00 AM ET

    NEW YORK, June 11- When Kevin Pereira needed a loan last year for his shaving gear business, his bank, Wells Fargo, considered his application and turned him down. Kabbage, Lending Club and On Deck are among the lenders making small business and consumer loans that more established banks are less eager to approve. Non-traditional lenders could siphon away as much as...

  • Pisani: Broad rally, but enthusiasm is missing Wednesday, 10 Jun 2015 | 4:05 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Stocks opened strong and closed strong...with more than 3 stocks advancing for each 1 declining.

  • Traders on the floor of the New York Stock Exchange.

    U.S. stocks closed up more than 1 percent amid signs of progress in the Greece debt talks and better economic growth as yields continued to rally.

  • Lightning Round: It is too low to sell now Tuesday, 9 Jun 2015 | 7:50 PM ET
    Mad Money Lightning Round

    Jim Cramer shares his take on caller favorite stocks at lightning speed, including this airline that is just too low to sell.

  • Cramer Remix: Banks rallying—here's my top pick Tuesday, 9 Jun 2015 | 7:26 PM ET
    Jim Cramer on the set of Mad Money

    “Mad Money” host Jim Cramer shares his favorite financial.

  • Billy Graham vs. Wells Fargo over same-sex ad Tuesday, 9 Jun 2015 | 6:47 PM ET
    A still from a Wells Fargo commercial depicting two mothers adopting a child.

    Wells Fargo stands by an ad featuring a lesbian couple adopting a deaf child that prompted Billy Graham's churches to drop the bank.

  • Goldman: Market going nowhere, so do this... Monday, 8 Jun 2015 | 12:42 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Goldman Sachs and other Wall Street firms warned clients to not expect much more out of the overall stock market for the rest of the year.

  • More positive on banks than in 16 years: Analyst Friday, 5 Jun 2015 | 4:56 PM ET
    Mike Mayo, managing director at CLSA

    Here's why CLSA analyst Mike Mayo is sounding the all-clear on the U.S. financial system and is bullish on bank stocks.

  • Strong US job gains plagued by one sore point Friday, 5 Jun 2015 | 12:33 PM ET
    A worker adds finishing touches to an assembled aluminum stage at a Werner factory in Louisville, Kentucky.

    U.S. productivity, or output per worker hour, just registered another dismal performance. That has unfortunately become the norm.

  • IMF rate comments just 'market noise:' CEO Thursday, 4 Jun 2015 | 12:03 PM ET
    IMF Managing Director Christine Lagarde

    Third Avenue Management CEO David Barse said on Thursday that the IMF's most recent comments about the rate hike are just "market noise."

  • June 2- Chevron Corp has deployed robots on the seafloor near its Big Foot deepwater oil project, aiming to find just how much damage it must contend with after six giant tendons sank and indefinitely delayed the start of production at the platform. The site, 225 miles south of New Orleans in the U.S. Wells Fargo analyst Roger Read said on Tuesday the setback was "...

  • Cramer's verdict: Are stocks insanely overvalued? Monday, 1 Jun 2015 | 6:11 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Jim Cramer launches an investigation to find out if the market is completely overvalued right now, or is there opportunity.

  • NEW YORK, May 31- General Electric Co has launched the sales process for a roughly $40 billion portion of its U.S. commercial lending assets as a part of its broad retreat from its finance businesses, sources familiar with the situation said on Sunday. Toronto-Dominion Bank, CIT Group Inc, Ally Financial Inc and Wells Fargo& Co are among the potential bidders for the...

  • Birinyi sees 6% gain from here Friday, 29 May 2015 | 2:05 PM ET
    Laszlo Birinyi, president of Birinyi Associates

    Legendary trader Laszlo Birinyi sees all the bearish talk from his peers and the media and takes the opposite view.