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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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