Wells Fargo & Co.

Teen retailer Forever 21 turns to outside investors for $150M loan

Teen fashion retailer Forever 21 Inc is not seeing enough growth and is turning to Wells Fargo & Co. and TPG for a $150-million-loan aide. For over a dozen years, this fast-growing retail store has won the hearts of young shoppers and wiped out rivals with its trendy fashion and affordable prices, with $7.90 jeans and $8.90 cardigans. But lately, there are reports that the company is struggling to fill productivity.

Read Full Article

JPMorgan just made it easier to borrow $3 million for a home loan

If you're planning to purchase a home or simply need to get a loan, then J.P. Morgan is the answer. J.P. Morgan Chase & Co. which is the nation's largest bank by assets, has become less strict with its criteria when it comes to large mortgages, as numbers of lenders build up to get a bigger portion of the high-end housing market.

Read Full Article

Berkshire Hathaway profit up 10 percent amid railroad gains

Warren Buffett's Berkshire Hathaway Inc on Friday said first-quarter profit rose 10 percent, and operating results easily beat forecasts, boosted by its railroad and insurance businesses and gains from derivatives.

Read Full Article

Wells Fargo to cut 1,000 jobs, shut Milwaukee home-lending office

Wells Fargo & Co, the fourth-largest U.S. bank by assets, said it will cut 1,000 jobs and close its home-lending servicing office in Milwaukee, Wisconsin.

Read Full Article

San Bernardino has defaulted on $10 million in bond payments

The southern California city of San Bernardino has defaulted on nearly $10 million in payments on its privately placed pension bond debt since it declared bankruptcy in 2012, according to documents seen by Reuters.

Read Full Article

Goldman Sachs profit hit by weak fixed-income trading

Goldman Sachs Group Inc (GS.N) reported a 7 percent drop in fourth-quarter profit as sharp market moves in December hit its bond-trading business.

Read Full Article

Investors may wait longer for higher dividends from U.S. banks

Investors had hoped that the biggest U.S. banks would boost dividend payments substantially in 2015, but recent events including slumping oil prices will make it harder for banks to pay out more.

Read Full Article

America's top five banks control a total of $6.46T in assets -report

Financial information provider SNL Financial in a report said that the five largest lenders in US control 44.2% of the industry's assets. JPMorgan Chase & Co, Bank of America,Citigroup,Wells Fargo & Co, and US Bancorp have a total of $6.46 trillion in assets.

Read Full Article

Arbitration panel orders Wells Fargo & Co to repurchase auction rate debt

A Financial Industry Regulatory Authority arbitration panel ordered the San Francisco-based brokerage unit of Wells Fargo & Co to buy back auction rate securities amounting to $94 million from its investors.

Read Full Article

US real estate firm BRE in talks for USD4.5 billion acquisition by Essex

San Francisco-based real estate firm BRE Properties Inc is discussing a USD4.5-billion buyout offer by Essex Property Trust Inc, a deal that could expand the latter's portfolio in California.

Read Full Article

US major banks amass cash by rejecting US Treasuries in light of taper risk

Data gathered by the US Federal Reserve showed a decline of over USD80 billion in nanks' holdings in federal agency bonds and Treasuries, marking its first annual decline since 2007.

Read Full Article

U.S. coupon processor Inmar on the block

Private equity firm New Mountain Capital LLC is exploring a sale of Inmar Inc, a provider of coupon processing and logistics services to companies, seeking more than $600 million, according to three people familiar with the matter.

Read Full Article

Wells Fargo announces profit increase

Wells Fargo & Co's profits increased however its mortgage banking income had fell, said a Reuters report.

Read Full Article

Morgan Stanley leads profit gains in US lenders

Morgan Stanley along with Bank of America Corp and Wells Fargo & Co. would lead the six biggest lenders in the US banking sector, said a Bloomberg report.

Read Full Article

Pundits, analysts see US Crop Insurance program a money-laundering scheme

Analysts and pundits alike saw that private insurers who received state aid are reaping more benefits than they should.

Read Full Article
1 2

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics