Top News & Analysis North Dakota

  • "They have to retrain their entire sales culture going back years," said Paul Miller, an analyst at FBR Capital markets. Wells Fargo spokesman Oscar Suris declined to comment for this story. On Monday, bank CEO John Stumpf and President Tim Sloan led a conference call with 500 executives to lay out responses to the scandal, including the addition of 2,000 risk...

  • HOUSTON/ NEW YORK, Oct 12- All it took was a pair of bolt cutters and the elbow grease of a few climate activists to carry out an audacious act of sabotage on North America's massive oil and gas pipeline system. All they had to do was twist shut giant valves on five cross-border pipelines that together can send 2.8 million barrels a day of crude to the United States from...

  • *Activists attempted to shut five key crude pipelines. CALGARY, Alberta, Oct 11- Climate-change activists on Tuesday disrupted the flow of millions of barrels of crude from Canada to the United States in rare, coordinated action that targeted several key pipelines simultaneously. Protest group Climate Direct Action said the move was in support of the Standing...

  • *Activists attempted to shut five key crude pipelines. CALGARY, Alberta, Oct 11- Climate-change activists on Tuesday disrupted the flow of millions of barrels of crude from Canada to the United States in rare, coordinated action that targeted several key pipelines simultaneously. Protest group Climate Direct Action said the action was in support of the...

  • CALGARY, Alberta, Oct 11- Several climate-change activists were arrested on Tuesday after they attempted to shut five oil pipelines from Canada that can carry nearly 15 percent of daily U.S. consumption, in the latest move by environmental groups to disrupt movement of oil across North America to heighten awareness of the dangers of pollution.

  • CALGARY, Alberta, Oct 11- Climate-change activists were arrested on Tuesday after they shut down five pipelines carrying crude from Canadian oils sands into the U.S. market, the latest move by environmental groups to disrupt movement of oil across North America, an activist group said. Climate Direct Action said in a press release it had shut down the pipelines...

  • Oct 11- Wells Fargo& Co's chief financial officer said efforts by states to penalize its business over an unauthorized-accounts scandal would not affect third-quarter earnings "much", the Wall Street Journal reported, citing a recording of an internal call. John Shrewsberry was recorded as saying the bank would only take "some legal set-asides" but publicizing...

  • HOUSTON, Oct 8- North Dakota oil producers were dealt another blow this week when Royal Dutch Shell said it would scrap plans to build an oil train terminal in Washington state that would have taken over 400,000 barrels per week of Bakken and other inland crudes. Not long before that, protests by Native Americans worried about environmental impact prompted the...

  • NEW YORK, Oct 7- These are the results of a Reuters poll of U.S. primary dealers following the latest U.S. non-farm payrolls data from the government on Friday. Primary Dealer Where do you Where do Where do What is the What is the Will the coming What see the you see the you see the probability, probability, U.S. federal federal federal in percent, in percent, election.

  • *Chicago joins states of Illinois, California in punishing Wells. CHICAGO, Oct 5- The Chicago City Council on Wednesday approved a one-year suspension for Wells Fargo& Co from city business because of its scandal over phony accounts, joining the states of Illinois and California in punishing the bank. Wells Fargo staff opened checking, savings and credit card...

  • *Chicago joins states of Illinois, California in punishing Wells. CHICAGO, Oct 5- The Chicago City Council on Wednesday approved a one-year suspension for Wells Fargo& Co from city business because of its scandal over phony accounts, joining the states of Illinois and California in punishing the bank. Wells Fargo staff opened checking, savings and credit card...

  • WASHINGTON, Oct 5- Three federal appeals judges in Washington, D.C., heard arguments on Wednesday over whether to stop work on a crude oil pipeline in parts of North Dakota where the Standing Rock Sioux and other tribes say the project will desecrate sacred land. Celebrities including actor Susan Sarandon and Green Party U.S. presidential candidate Jill Stein...

  • Wells Fargo is scheduled to report third-quarter results on Oct. 14. On Sept. 8, the San Francisco- based bank reached a $190 million settlement with the U.S. Consumer Financial Protection Bureau, the Office of the Comptroller of the Currency and a Los Angeles prosecutor over accusations that it opened up to 2 million accounts in customers' names without their...

  • Wells Fargo has earned $19.5 million in fees from Chicago since 2005.. Wells Fargo staff opened checking, savings and credit card accounts without customer say-so for years to satisfy managers' demand for new business, according to a $190 million settlement with U.S. regulators and California prosecutors reached on Sept. 8. "Wells Fargo is disappointed that the...

  • CHICAGO, Oct 5- The Chicago City Council on Wednesday approved a one-year suspension for Wells Fargo& Co from city business in the wake of its scandal over phony accounts. Wells Fargo has earned $19.5 million in fees from Chicago since 2005.. Wells Fargo staff opened checking, savings and credit card accounts without customer say-so for years to satisfy managers'...

  • JUSTICE DEPARTMENT TO PROBE WELLS FARGO, SENIOR EXECUTIVES'' CULPABILITY'- ABC NEWS, CITING LETTER.

  • NEW YORK, Oct 4- The scandal over improper sales practices at Wells Fargo& Co extended to thousands of small-business owners, according to a U.S. lawmaker, raising questions about the scope the bank's issues with unauthorized accounts. David Vitter, a Louisiana Republican, demanded that Wells Fargo Chief Executive John Stumpf provide a "full accounting" of...

  • Oct 4- Fitch Ratings cut the outlook to "negative" for Wells Fargo& Co's credit ratings on Tuesday, citing troubles the bank is facing from opening unauthorized customer accounts. Wells Fargo last month reached a $185 million settlement with a federal consumer regulator and Los Angeles prosecutor over opening as many as 2 million accounts for retail customers...

  • TORONTO/ CALGARY, Oct 4- Canadian energy producer Enerplus Corp has put its natural gas assets in the U.S. Enerplus, which owns oil and natural gas assets in Canada and the United States, expects the sale to make its asset portfolio more geographically concentrated and allow it to pay down debt, the sources said. The Marcellus assets, in Pennsylvania, have drawn...

  • TORONTO/ CALGARY, Oct 4- Canadian energy producer Enerplus Corp has put its natural gas assets in the U.S. Enerplus, which owns oil and natural gas assets in Canada and the United States, expects the sale to make its asset portfolio more geographically concentrated and allow it to pay down debt, the sources said. The Marcellus assets, in Pennsylvania, have drawn...