Wells Fargo increases quarterly dividend by 14 percent
(Reuters) - Wells Fargo & Co on Tuesday raised its quarterly stock dividend by 14 percent as it awaits U.S. Federal Reserve permission to potentially return even more capital to...
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Bank of America’s Moynihan, known for fixing and cutting, must now build
(Reuters) - Brian Moynihan is known inside Bank of America Corp as a problem-fixer and a cost-cutter, and in his three years as the bank's chief executive, he has had...
Bank of America capital markets co-head to lead commercial banking
(Reuters) - Bank of America Corp has named capital markets co-head Alastair Borthwick as its head of commercial banking, in a shuffling of veteran executives. Borthwick, a former Goldman Sachs...
Wells Fargo profit jumps but mortgage lending slips
(Reuters) - Wells Fargo & Co on Friday said fourth-quarter profit rose 24 percent to a record high as the bank set aside less money to cover bad loans and...
U.S. malls see decline in vacancies for fifth straight quarter
(Reuters) - Vacancies declined and rents rose in the fourth quarter at large regional U.S. malls, which continued to fare better than smaller strip centers burdened by a weak economy...
Wells Fargo agrees to proposed settlement on shareholder actions
(Reuters) - Wells Fargo & Co would pay up to $2.5 million in attorneys' fees and implement certain corporate governance changes under a proposed settlement of lawsuits brought by shareholders...
Wells Fargo Web site troubles persist, U.S. OCC issues cyber alert
(Reuters) - Wells Fargo & Co customers on Friday had trouble accessing the bank's Web site for a fourth day, as a federal regulator reiterated the need for banks to...
Wells Fargo Web site troubles persist, U.S. OCC issues cyber alert
(Reuters) - Wells Fargo & Co customers on Friday had trouble accessing the bank's Web site for a fourth day, as a federal regulator reiterated the need for banks to...
Wells Fargo agrees to proposed settlement on shareholder actions
(Reuters) - Wells Fargo & Co would pay up to $2.5 million in attorneys' fees and implement certain corporate governance changes under a proposed settlement of lawsuits brought by shareholders...
BofA CEO: Fed wants bank to show consistent earnings
CHARLOTTE, North Carolina (Reuters) - Bank of America Corp needs to show the U.S. Federal Reserve it can produce consistent earnings as part of the annual process to gain permission...