John Stumpf News
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Wells Fargo & Co., the largest U.S. bank by market value, gave Chief Executive Officer John Stumpf $700,022 in restricted share rights as part of his 2011 incentive compensation award.
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Wells Fargo & Co. and Santander Holdings USA Inc. have joined banks vying to oust Ally Financial Corp. as Chrysler Group LLC’s preferred auto lender, according to three people with knowledge of the bidding.
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Wells Fargo & Co., the biggest U.S. bank by market value, could add to earnings by buying insurance broker Willis Group Holdings Plc, KBW Inc. analysts said.
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Wells Fargo & Co. wants to build up its wealth-management and insurance businesses through acquisitions and by buying assets from European banks that are cutting back, the Financial Times reported, citing an interview with Chief Executive Officer John Stumpf.
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Directors of Wells Fargo & Co., the largest U.S. mortgage lender, must face investors’ claims the bank failed to properly disclose details of its foreclosure practices to government investigators, a judge ruled.
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The sun was rising over San Francisco’s financial district in November 2009 when Richard Kovacevich picked up the phone in his 12th-floor office to call Omaha, Nebraska.
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Wells Fargo & Co., the largest U.S. bank by market value, posted record profit for the fourth quarter and full year that beat analysts’ estimates as mortgage financing improved.
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Wells Fargo & Co. Chief Executive Officer John Stumpf said customers, not just the bank, will bear the financial burden for U.S. regulations that cover services ranging from home loans to credit cards.
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Wells Fargo & Co. is overtaking competitors in the ranks of investment banking and capital markets, and its leader says he couldn’t “care less.”
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Wells Fargo & Co. , the largest U.S. home lender, is adding employees in its wealth-management business and would be open to acquisitions in that area, Chief Executive Officer John Stumpf said.
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