By Caroline Humer

By Caroline Humer

With its iconic stagecoach, Wells Fargo & Co. has evoked images of the wild West throughout its 156-year history.

From New York City to Indiana, the Wall Street crisis is hitting cities across the country.

The shares of JPMorgan Chase & Co <JPM.N>, Bank of America Corp <BAC.N> and other banks rose Friday, in stark contrast with former investment banks Goldman Sachs Group Group Inc <GS.N> and Morgan Stanley <MS.N>.

NEW YORK (Reuters) - The shares of JPMorgan Chase & Co <JPM.N>, Bank of America Corp <BAC.N> and other banks rose Friday, in stark contrast with former investment banks Goldman Sachs Group Group Inc <GS.N> and Morgan Stanley <MS.N>.

Sellers of insurance on bonds issued by bankrupt Lehman Brothers Holdings Inc. are now likely to face demands that they pay out more than 91 cents on the dollar to buyers of those insurance contracts.

Shares of investment banks Morgan Stanley and Goldman Sachs dove Friday as concern grew over the stability of both banks' credit ratings and Morgan's deal with Mitsubishi UFJ.

Bank of New York Mellon and mortgage lender Countrywide Financial agreed Friday to settle a Delaware Chancery Court lawsuit involving Countrywide bondholders.

In an Oct. 9 story about the performance of financial services stocks, The Associated Press erroneously reported the closing price of Hartford Financial Services Group Inc.'s stock. Shares closed Thursday at $20.11, not $4.75.

Credit ratings agency Moody's Investors Service late Thursday said it placed a negative outlook on the long-term rating of Goldman Sachs Group Inc.

Credit ratings agency Moody's Investors Service late Thursday placed the long-term debt ratings of Morgan Stanley on review for a possible downgrade.

The standard-setting board for corporate accounting is poised to revise a rule in a way that will give banks a break in the distressed market and could boost their balance sheets.

Wells Fargo emerged as the apparent victor in the battle for control of Wachovia bank Thursday night, after rival suitor Citigroup broke off talks with Wells Fargo and federal regulators but vowed to have its day in court.

Concerns about the health of AIG were renewed Thursday, a day after the insurance giant said it would receive an additional $37.8 billion loan from the Federal Reserve.