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Roughly 90 percent of customers successfully avoid paying servicing fees on checking accounts by meeting certain requirements, said Wells Fargo spokesman Jim Seitz.
The company served its clients through its branch-office networks staffed with 6,618 financial consultants, managing $374 billion in total client assets, and $44 billion in fee based accounts. During its fiscal year 2007, ending February 28, A.G. Edwards had net revenues of $3,110,500,000 and net earnings of $331,400,000.
Wells Fargo sees Amazon beating expectations in the third quarter. The company raised its third quarter outlook for Amazon’s earnings per share from $1.18 to $1.26, well above the consensus ...
The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America.
A federal judge in California ordered Wells Fargo to pay $203 million back to customers and to change its "unfair and deceptive business practices" that led customers to pay multiple overdraft fees.
The bank won’t charge fees on an account that’s overdrawn by less than $50. ... include overdraft fees, return fees, late penalties and out-of ... but would pay the fee. Similarly, Wells Fargo ...
On October 28, 2008, Wells Fargo was the recipient of $25B of the Emergency Economic Stabilization Act Federal bail-out in the form of a preferred stock purchase. [ 17 ] [ 18 ] Tests by the Federal government revealed that Wells Fargo needed an additional $13.7 billion in order to remain well-capitalized if the economy were to deteriorate ...
Wells Fargo (WFC) brings in a new account with no overdraft fees, in line with its strategy to simplify its products and services.