×

Top News & Analysis North Dakota

  • WELLS FARGO'S PRIOR PLAN WAS DEEMED DEFICIENT IN DECEMBER 2016; NEW PLAN DUE IN JULY, FED SAYS.

  • FEDERAL RESERVE SAYS WELLS FARGO HAS A SATISFACTORY RESOLUTION PLAN, KNOWN AS' LIVING WILL'.

  • NEW YORK, April 24- Wells Fargo& Co directors could have avoided a shareholder backlash over a sales practices scandal if they had paid more attention to scores of whistleblowers who complained, in vain, for years. Wells Fargo has been engulfed in scandal since September, when it reached a $190 million settlement with regulators over complaints that its retail...

  • Demonstrators staged months of protests near the Standing Rock Reservation in North Dakota to try to stop the $3.8 billion, four-state pipeline, saying it will pollute water and damage Native American sacred sites. Dallas- based Energy Transfer Partners, which built the line, says it's safe. Protesters who got their charges dropped last month included Rebecca...

  • DES MOINES, Iowa— Raw milk advocates' efforts to expand availability across the U.S. have not slowed despite health officials' assertions that it's dangerous to drink milk that hasn't been heated to kill bacteria. Efforts to legalize raw milk sales in some form have succeeded in 42 states, and expansion pushes are ongoing this year in states including Illinois,...

  • WELLS FARGO CLOSED 13 BRANCHES AND FOUR OFFICE BUILDINGS IN SAN FRANCISCO DUE TO POWER OUTAGE- SPOKESMAN.

  • Houston oilfield services company Baker Hughes Inc. said Friday that 688 rigs sought oil and 167 explored for natural gas this week. Texas added six rigs and Alaska, Colorado, North Dakota, Pennsylvania and Wyoming each gained one. Arkansas, California, Kansas, Louisiana, New Mexico, Ohio, Utah and West Virginia were unchanged.

  • Unemployment rates fell in 17 states in March and were mostly unchanged in 33, the Labor Department said Friday. Arkansas, Colorado, Maine and Oregon reported the lowest unemployment rates since 1976. Colorado's rate, at 2.6 percent, was the nation's lowest. Several other states are benefiting from low unemployment rates: The rate is 2.7 percent in Hawaii and...

  • NEW YORK— Wells Fargo agreed Friday to expand a recently settled class-action lawsuit by an additional $32 million as well as extend claims for fraudulent accounts that may have been opened going back to 2002.. While the increase of $32 million is notable, the bigger news is Wells has now expanded its window for unauthorized accounts going back 15 years.

  • April 21- Wells Fargo& Co said it would expand its class action settlement related to the lender's retail sales practices to include customer accounts as early as May 2002. The lender said it would add $32 million to the previous agreement for a total settlement of $142 million. Wells Fargo has been working to win back customer confidence following a sales...

  • BUFFALO, New York, April 21- Laicie Manzella lived in a rundown house on Buffalos east side when three of her children tested with dangerously high levels of lead in their blood. A Reuters investigation found at least four city zip codes here where 40 percent of children tested from 2006 to 2014 had high lead levels, making Buffalo among the most dangerous lead...

  • BOSTON, April 21- A high-stakes shareholder vote at Wells Fargo& Co next week will determine whether the bank has done enough to retain investor confidence after its phony-account scandal, and whether a leading proxy adviser wields enough clout to help oust most of its board. In one of its toughest shareholder notes, Institutional Shareholder Services...

  • NEW YORK, April 19- Wells Fargo& Co's largest investor, Warren Buffett, has likely already voted his shares to support the bank's recommendations at its contentious annual shareholder meeting next week, a representative told Reuters on Wednesday, which include reinstating most of the board's directors. Wells Fargo, the fourth-largest U.S. bank, has for months...

  • NEW YORK, April 19- Billionaire investor Warren Buffett supports Wells Fargo& Co's management and board of directors, and has likely already voted shares owned by him and and his conglomerate, Berkshire Hathaway Inc, in line with the bank's official suggestions, a representative told Reuters. Wells Fargo's board is facing a threat at a shareholder meeting next...

  • NEW YORK— The nation's big bank regulator is faulting itself for failing to address the problems at Wells Fargo before it was too late. Bank examiners saw sales problems at Wells Fargo as early as 2010 and met with executives but declined to investigate further, the inspector general at the Office of the Comptroller of the Currency said Wednesday.

  • WASHINGTON, April 19- Wells Fargo& Co and its U.S. bank regulator discussed complaints of high-pressure sales tactics as early as 2010 but officials took no action for years, according to the regulator's review of the scandal. Bank examiners "failed to follow-up on significant complaint management and sales practices issues," according to an internal review...

  • Neligh, NEBRASKA, April 19- When President Donald Trump handed TransCanada Pipeline Co. a permit for its Keystone XL pipeline last month, he said the company could now build the long-delayed and divisive project "with efficiency and with speed." But Trump and the firm will have to get through Nebraska farmer Art Tanderup first, along with about 90 other landowners...

  • NEW YORK, April 19- Philadelphia Energy Solutions Inc, the largest refiner on the U.S. East Coast, will not be taking any rail deliveries of North Dakota's Bakken crude oil in June, a source familiar with delivery schedules said on Tuesday- a sign that the impending start of the Dakota Access Pipeline is upending trade flows. "Unless there's an unforeseen event, like a...

  • NEW YORK, April 18- Wells Fargo& Company is testing a "chatbot", an automated program that can communicate with the bank's customers on Facebook's messaging platform to give them information on their accounts and help them reset their passwords. Wells Fargo's chatbot will use artificial intelligence to respond to natural language messages from users, such as...

  • "Any major occurrence in the industry is going to impact us all," said Richard Hunt, president of the Consumer Bankers Association, the trade and lobbying group that organized the recent CBA Live gathering. The board also reclaimed another $75 million in pay from former CEO John Stumpf and former community bank executive Carrie Tolstedt, saying they dragged...