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Last updated: 21:34:03 Wednesday Oct 21, 2009


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  • Financials slam Wall Street; eBay drops late
    NEW YORK (Reuters) - U.S. stocks fell on Wednesday, hurt by a late sell-off in financial shares after an influential bank analyst recommended selling Wells Fargo (WFC.N) shares and a wider-than-expected loss from Boeing (BA.N) disappointed investors.   Nations:U.S.   Activities:U.S. Markets   Source:(Reuters)   2009-10-21

    Wells Fargo profit jumps to record $3.2 bln
    NEW YORK (AFP) - Wells Fargo said Wednesday its third-quarter earnings rose to a record 3.2 billion dollars, as the banking giant managed to profit from mortgages and consumer credit despite a weak economy.   Nations:U.S.   Source:(AFP)   2009-10-21

    Wells, U.S. Bancorp get big boost from mortgages
    NEW YORK (Reuters) - Wells Fargo & Co (WFC.N) and U.S. Bancorp (USB.N) posted earnings that trounced Wall Street expectations, helped by outsized revenue from underwriting mortgages, but it is not clear how long that bonanza will last.   Source:(Reuters)   2009-10-21

    Summers: banks must accept gov't regulation
    NEW YORK - A top White House official called on financial institutions to accept new rules in order to help the economic system avoid future "devastating consequences for workers, consumers and taxpayers."   Activities:Global Financial Crisis   Source:(AP)   2009-10-16

    Risk-taking is back for banks 1 year after crisis
    NEW YORK - A year after the financial system nearly collapsed, the nation's biggest banks are bigger and regaining their appetite for risk.   People:Timothy Geithner Vikram Pandit   Activities:Global Financial Crisis   2009-09-13

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