public marks

PUBLIC MARKS from bacon with tag wells

April 2009

US Planning to reveal bank stress test results for Top 19 Banks to restore confidence.

The US government could disclose bank stress test results details about the financial health of its top 19 biggest banks in a bid to reassure investors and restore confidence in the financial system. US government regulators are conducting stress tests...

Wells Fargo sees record first-quarter profit approximately $3 billion!

Wells Fargo Expects, a diversified financial services company with $1.3 trillion in assets, Record First Quarter Earnings of Approximately $3 Billion Strong business momentum at Wells Fargo and Wachovia, including $190 billion in mortgage applications ...

November 2008

John Stumpf requested Richard M. Kovacevich to continue as chairman

Wells Fargo & Company’s (NYSE:WFC) Board of Directors, with the recommendation of CEO John Stumpf, requested that Chairman Dick Kovacevich, who turned 65 last week, continue as chairman for an interim period and Kovacevich agreed. To make this po...

October 2008

Wells Fargo CEO John Stumpf will not fire Wachovia staff

Wells Fargo & Company reported diluted earnings per common share of $0.49 in third quarter 2008 compared with $0.53 in second quarter 2008 and $0.64 in third quarter 2007. Net income was $1.64 billion compared with $1.75 billion in second quarter ...

Finally Wells Fargo wins bidding war for Wachovia Beats Citi!

Apparently after getting a closer look at Wachovia’s books, CitiGroup has decided that they don’t really want Wachovia after all. Citi has it’s own trouble, never unstood why they wanted more of it. Wells can afford to take a hit, but...

Corporate fight: A complete review on Wachovia Corp- Citi, Charlotte bank, Wells Fargo and Vikram Pandit!

Citi and Wells Fargo both were anxiously negotiating to buy Wachovia. So, fast forward … Citi came to the table and strongarmed, with the Fed’s & Treasury Department’s, along with FDIC, too, Wachovia to “sign this agreement...

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