Wells Fargo http://wfae.org en Wells Fargo Diversifies To Offset Decline In Home Lending http://wfae.org/post/wells-fargo-diversifies-offset-decline-home-lending <p>Wells Fargo’s profits were up for the second quarter. The bank is reporting net income of $5.73 billion. WFAE’s Duncan McFadyen reports the company is trying to diversify in order to make up for a decline in its mortgage business.</p><p> Fri, 11 Jul 2014 20:51:15 +0000 Duncan McFadyen 54748 at http://wfae.org Wells Fargo Diversifies To Offset Decline In Home Lending Banks Get Closer To An Actual, 'Automated Teller' http://wfae.org/post/banks-get-closer-actual-automated-teller <p>ATMs first appeared on street corners more than four decades ago and their basic function has remained relatively the same since.</p><p><span style="line-height: 1.5;">&ldquo;It&rsquo;s like a bank that never closes,&rdquo; a commercial for United California Bank announced in the </span>1980s<span style="line-height: 1.5;">, when ATMs were growing more common. &ldquo;It makes your life a little easier, because anytime, any day of the year, it takes deposits and gives you cash.&rdquo;</span></p><p><span style="line-height: 1.5;">But to save on cost and attract a younger, plugged-in generation of customers, banks are finding new uses for the ATM that will change how we get our money.</span></p><p></p><p> Wed, 09 Oct 2013 14:04:00 +0000 Ben Bradford 36935 at http://wfae.org Banks Get Closer To An Actual, 'Automated Teller' Duke CEO: Don't Fear The Fiscal Cliff http://wfae.org/post/duke-ceo-dont-fear-fiscal-cliff <p></p><p>The Charlotte business community gathered Monday for a diagnostic take on the U.S. economy from the city's top industries. Executives of Bank of America, Wells Fargo, Duke Energy, Nucor and Premier health care alliance offered a grim picture of slow growth and high unemployment.&nbsp;</p><p>If the U.S. economy had a life coach, every pep-talk these days would be along the lines of "Look pal, you gotta&nbsp;'Fake it 'til you make it.' Confidence breeds success.&nbsp; All this worry is bringing you down."</p> Mon, 17 Dec 2012 23:06:17 +0000 Julie Rose 17850 at http://wfae.org Duke CEO: Don't Fear The Fiscal Cliff Wells Fargo Banker Charged With Insider Trading http://wfae.org/post/wells-fargo-banker-charged-insider-trading <p>The Securities and Exchange Commission has charged an investment banker at Wells Fargo with leading an $11 million insider trading ring while he worked in Charlotte.</p><p>John Femenia had access to a lot of confidential information through his job at Wells Fargo. He’s an investment banker (or at least was), and he got the scoop on several mergers because his bank helped with the financing.</p><p>That information is as good as money. Mergers often drive a company’s stock price up, so if you buy it before that happens – you're setting up for a nice profit.</p> Thu, 06 Dec 2012 21:49:42 +0000 Michael Tomsic 17186 at http://wfae.org Wells Fargo Banker Charged With Insider Trading Big Banks Now Required To Improve Service On Home Loans http://wfae.org/post/big-banks-now-required-improve-service-home-loans <p>Getting a mortgage modified should be significantly easier as of today - assuming five of the nation's largest lenders deliver on promises they made in a $25 billion settlement signed six months ago.</p><p>Today is the deadline for Bank of America, Wells Fargo, JP Morgan Chase, Citigroup and Ally Financial to implement hundreds of improvements to customer service for home loans.</p> Tue, 02 Oct 2012 04:51:54 +0000 Julie Rose 12970 at http://wfae.org Big Banks Now Required To Improve Service On Home Loans Bank Websites Under Cyber Attack http://wfae.org/post/bank-websites-under-cyber-attack <p>The websites of several major U.S. banks, including Wells Fargo and PNC, are under cyber attack today. Reports of trouble accessing online banking are pouring into the tracking website Sitedown.co, says founder Jeff Herdell.</p><p>"They're referred to as DDoS attacks," explains Herdell. "Hackers will take over many computers and direct floods of traffic at these bank sites in hopes that the service will be disrupted and go down temporarily. So it's more of a nuisance than anything, but it's very significant right now."</p> Wed, 26 Sep 2012 20:53:59 +0000 Julie Rose 8205 at http://wfae.org