Elise Wilkinson News
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John Roncevich, the former head of Wells Fargo & Co.’s commodities business, has left the lender and formed a venture to advise banks on ways they can sidestep some of the new regulations affecting the industry.
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Wells Fargo & Co. is betting its securities business can thrive 600 miles from New York in the same city Bank of America Corp.’s traders largely abandoned.
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Wells Fargo & Co., seeking to earn more from a sales-and-trading business acquired with Wachovia Corp. in 2008, is building a program-trading group to serve institutional and corporate clients.
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Stockton, California filed bankruptcy after talks with bondholders and labor unions failed, making the agricultural center the biggest U.S. city to seek court protection from creditors.
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A group of baseball and hockey fans can go forward with claims that the National Hockey League and Major League Baseball violate U.S. antitrust law in their control over television and Internet broadcast rights.
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A former Wells Fargo & Co. investment banker is among nine people charged with taking part in an insider-trading conspiracy that brought in $11 million in illegal gains from tips on pending mergers.
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JPMorgan Chase & Co. won dismissal of $19 billion in claims in a lawsuit brought by the trustee liquidating Bernard Madoff’s former firm that alleges the biggest U.S. bank aided the fraud.
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Four men arrested last month for allegedly participating in a “criminal club” that made almost $62 million using illegal tips to trade in Dell Inc. stock pleaded not guilty.
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LBBW Luxemburg SA sued Wells Fargo & Co. and its Wachovia Corp. unit over $40 million in collateralized debt obligation investments.
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Lawyers for Stockton, California’s bondholders, who face a fight with the bankrupt city over proposed cuts, arrived in court today armed with fewer weapons than investors owed money by reorganizing companies.
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