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  1. April 14, 2014

    Tale of two banks exposes pay as wrong target of critics

    Last week brought a tale of two banks. At one extreme is the Co-operative Bank in the UK, which reported annual losses of...

  2. April 2, 2014

    Wells Fargo reshuffle elevates a potential CEO candidate

    Wells Fargo, the biggest US bank by market capitalisation, announced on Tuesday a management reshuffle that may help to...

  1. January 26, 2014

    Wells Fargo chief’s rise to the top

    As chief executive of Wells Fargo, John Stumpf is in charge of the world’s biggest bank by stock market value at a time when...

  2. August 21, 2013

    Wells cuts 2,300 mortgage jobs

    Wells Fargo is cutting thousands of jobs in its mortgage business as the biggest home lender in the US prepares for a...

  3. July 7, 2013

    Rising rates to spur litany of capital losses

    US banks have watched billions of dollars of paper profits on their securities portfolios wiped out by rising market...

  4. June 23, 2013

    Average pay of top bankers drops 10%

    Average pay of top bankers in the US and Europe including JPMorgan’s Jamie Dimon and Royal Bank of Scotland’s Stephen Hester...

  5. June 23, 2013

    Forces conspire to curb bank chiefs’ pay

    Investor revolts, increased regulatory pressure and legal scandals have spurred the first drop in bank chief executives’ pay...

  6. June 2, 2013

    Cautious Wells Fargo reluctant to dash off to foreign lands

    Wells Fargo has been one of the biggest success stories of banking measured by the premium it is awarded in the market. With...

  7. June 2, 2013

    Wells chief warns Fed over debt proposal

    Wells Fargo’s chief executive has warned the Federal Reserve against forcing banks to hold more long-term debt, a measure...

  8. May 1, 2013

    Should banks keep combined the role of CEO and chairman?

    John Stumpf, chief executive and chairman of Wells Fargo, the US bank, recently survived a shareholder attempt to remove the...

  9. April 12, 2013

    Wells Fargo relies on cost cutting for boost

    Cost cutting helped Wells Fargo beat expectations in the first quarter with a 22 per cent rise in profit even as revenue...

  10. February 19, 2013

    BofA chief climbs Wall Street pay league

    Brian Moynihan’s pay package increased by more than 70 per cent in 2012, catapulting the Bank of America chief executive...

  11. January 11, 2013

    Wells Fargo pinched by low interest rates

    Wells Fargo suffered a sharper than expected decline in its net interest margin in the fourth quarter, increasing concerns...

  12. October 12, 2012

    Wells Fargo rises on mortgage refinancing

    Wells Fargo reported yet another increase in quarterly profits after the biggest home loan lender in the US was buoyed by a...

  13. July 13, 2012

    Refinancing programme lifts big US lenders

    Home lending emerged as one bright spot in bank earnings, after Wells Fargo and JPMorgan posted higher mortgage revenue...

  14. April 18, 2012

    Chill winds to blow after Citi pay vote

    Chief executives across the US might have felt a chill when they saw the results of Citigroup’s “say-on-pay” vote. Without...

  15. April 13, 2012

    Homeowners give boost to US banks

    JPMorgan Chase and Wells Fargo said the housing market was nearing a bottom as homeowners took advantage of record-low...

  16. April 13, 2012

    JPMorgan sets high benchmark for rivals

    JPMorgan Chase’s investment bank bounced back from a miserable end to last year, offering hope that Goldman Sachs and Morgan...

  17. April 13, 2012

    Mortgages boost record profits for Wells Fargo

    Wells Fargo reported a 13 per cent rise in net income to a record $4.3bn in the first quarter on the back of a strong...

  18. April 12, 2012

    Distressed debt scheme boosts US banks

    A US government programme meant to help distressed borrowers refinance their mortgages has been a boon for big US banks,...

  19. April 5, 2012

    Dimon’s $23m trumps pay of US bank rivals

    Jamie Dimon, chief executive of JPMorgan Chase, earned $23.1m in total compensation last year, an 11 per cent increase over...

  20. March 28, 2012

    BofA chief’s pay jumps to $8.1m

    The pay of Bank of America’s chief executive shot up more than 300 per cent last year even as the shares fell below $5 for...

  21. February 26, 2012

    Wells Fargo set for further expansion

    Wells Fargo plans to increase the size of its wealth management and insurance divisions through acquisitions as well as...

  22. February 26, 2012

    Wells Fargo’s reticence pays off

    This is an exciting time for an institution that delights in being dull. In the go-go 2000s, when exotic mortgages were...

  23. January 17, 2012

    Wells earnings put rival Citi in shade

    Wells Fargo trounced its rival Citigroup in the fourth quarter as the biggest US bank by market value defied the deep freeze...

  24. January 17, 2012

    Wells thrives with dull but worthy strategy

    Wells Fargo has gained a reputation as a boring earnings machine, eschewing the exotic adventures that have brought its...

  25. January 17, 2012

    Wells Fargo reports higher profit on mortgages

    Wells Fargo reported record fourth-quarter earnings on Tuesday, helping to underscore the diverging fortunes between...

  26. December 6, 2011

    BofA less confident than rivals on dividends

    Some of the largest US banks intend to raise dividend payments after the Federal Reserve board completes its latest stress...

  27. October 17, 2011

    Big US banks hurt by struggling consumers

    Fears about the health of US consumer balance sheets grew on Monday as Citigroup and Wells Fargo joined JPMorgan Chase in...

  28. October 17, 2011

    Corporate leaders say they understand protests

    Corporate and political leaders, many of whom have been the target of growing worldwide protests, are lining up to say how...

  29. October 17, 2011

    Results at Wells Fargo disappoint

    Wells Fargo, the largest US bank by market capitalisation, has reported decreased revenues for the third quarter,...

  30. July 20, 2011

    Wells Fargo fined $85m over subprime loans

    Wells Fargo has been hit with a record $85m civil penalty by the Federal Reserve over allegations it had steered borrowers...

  31. July 19, 2011

    Wells Fargo profit jumps to record $3.95bn

    Wells Fargo’s second-quarter profit soared to a record $3.95bn as the release of reserves to cover loan losses offset a...

  32. May 1, 2011

    Disclosure pressure on Wells Fargo rises

    A sharp decline in Wells Fargo’s mortgage business and the unexpected departure of its chief financial officer have...

  33. April 20, 2011

    Profits rise 48% at Wells Fargo

    Wells Fargo reported a 48 per cent increase in first-quarter profit, but the stock sank in morning trading on concerns about...

  34. April 8, 2011

    Dimon’s pay package rises 51%

    Jamie Dimon underlined Wall Street’s return to health after the financial crisis by collecting a $5m bonus – his first cash...

  35. March 22, 2011

    Wells Fargo chief hits at ‘swipe’ fee curbs

    Wells Fargo chief executive John Stumpf has lashed out at new restrictions on debit card “swipe” fees scheduled to take...

  36. February 9, 2011

    Wells Fargo replaces finance chief

    Wells Fargo unexpectedly replaced Howard Atkins, its chief financial officer on Tuesday. The US’s second-largest bank said...

  37. January 19, 2011

    Wells Fargo in lending boost

    Wells Fargo, the fourth-largest US bank by assets, said on Wednesday that quarterly lending had risen for the first time...

  38. January 19, 2011

    Main Street banks outshine Goldman

    The diverging fortunes of Main Street and Wall Street were highlighted as a trading slump hit Goldman Sachs’ fourth-quarter...

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