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PayPal rolls out its new "Mobile First" website globally. [55] 2014: May 15: Product: The Google Play Store adds PayPal as a payment option, despite it being a direct competitor to Google Wallet. However, PayPal can only be used to buy apps and digital content, not devices and accessories. [56] 2014: June 12: Product, international expansion
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 Corp. Crocker National Bank: Wells Fargo Corp. (combined California bank uses Crocker's charter) Wells Fargo: 1987 Chemical Bank New York Trust Co. Texas Commerce Bank: Chemical Banking Corporation (TX banks continued to operate as Texas Commerce) $1.2 billion JPMorgan Chase: 1987 NBD Bancorp: USAmeribancs: NBD Bancorp: $250 million ...
The acquisition of Wachovia by Wells Fargo was completed on December 31, 2008, after a government-forced sale to avoid Wachovia's failure. The Wachovia brand was absorbed into the Wells Fargo brand in a process that lasted three years. [2] On October 15, 2011, the final Wachovia branches were converted to Wells Fargo. [5]
Wells Fargo Bank has agreed to pay $23.7 million to eight states and modify consumers' mortgages to settle deceptive marketing allegations over risky "pick-a-payment" home loans. The home loans ...
On October 3, 2008, after Wachovia turned down an inferior offer from Citigroup, Wachovia agreed to be bought by Wells Fargo for about $14.8 billion in stock. [60] The next day, a New York state judge issued a temporary injunction blocking the transaction from going forward while the competing offer from Citigroup was sorted out. [61]
From January 2008 to December 2012, if you bought shares in companies when Philip J. Quigley joined the board, ... Wells Fargo. Jan. 1, 1994 to April 23, 2013.
From July 2011 to December 2012, if you bought shares in companies when Elaine L. Chao joined the board, ... Wells Fargo. July 1, 2011 to July 26, 2016.