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June 12, 2012 |

Wells Fargo bankers 'toting guns,' aim at 40 percent of market

Wells Fargo sales managers find creative ways to motivate the bank's mortgage unit for a bigger share of the business than they already control and urging loan officers to lend more.
8 minute read
May 23, 2012 |

Wells Fargo doubles down on mutual funds as rivals wither

Wells Fargo & Co. will double its $444 billion asset-management unit within seven years by expanding in international markets as wounded European rivals retrench.
7 minute read
November 28, 2011 |

Dip in births may extend housing slump

Frances Janisch had a daughter five years ago. Now she and her husband may not have a second child because income from their photography business in New York City is erratic."I always imagined I would have two, so it bothers me that I don't," said Janisch, 41, who grew up with a large extended family in South Africa.
8 minute read
October 18, 2012 |

BlackRock profit rises 7.9 percent as assets rise on ETFs

BlackRock reported third-quarter earnings that beat analysts' estimates as exchange-traded funds drew client deposits and assets rose. Net income climbed 7.9 percent to $642 million, or $3.65 a share, from $595 million, or $3.23, a year earlier.
4 minute read
September 19, 2012 |

Harvard losing out to South Dakota in graduate pay

While new mineral deposits are getting harder to find, companies also are struggling to add enough skilled workers. That's partly a legacy of U.S. colleges cutting back on mining programs.
7 minute read
April 09, 2013 |

GE to buy Lufkin for $4.4 billion as CEO adds to energy

General Electric agreed to buy Lufkin Industries for about $3.3 billion to add technologies for the oil and gas industry as chief executive officer Jeffrey Immelt raises his bet on energy.
3 minute read
March 28, 2013 |

Wells Fargo beating peers to oil boom cash, firm says

Wells Fargo is the only U.S. lender among the four largest to gain deposits in some Northern Plains states as customers flood banks with cash from an energy boom.
5 minute read
February 27, 2013 |

Big Suits

Carnegie Mellon v. Marvell Technology; Fannie Mae v. Bank of America; In the matter of Google Inc.; In re VeriFone Holdings Securities Litigation
11 minute read
February 02, 2009 |

Records pledge tested by Citigroup guarantees

U.S. government guarantees on securities totaling $419 billion for bank bailouts provide an early test of President Barack Obama's pledge to be open with taxpayers about what they have at risk in the credit crisis. Bloomberg News asked the Treasury Department on Jan. 26 to disclose what securities it backed over the past two months in a second round of actions to prop up Bank of America Corp.
6 minute read
July 11, 2012 |

JPMorgan silence on risk model seen spurring disclosure overhaul

The U.S. Securities and Exchange Commission is probing JPMorgan's belated May 10 disclosure that a change to its mathematical model for gauging trading risk helped fuel the loss in its chief investment office.
10 minute read

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