NEW YORK (Reuters) - Several major U.S. banks, led by Wells Fargo & Co, said the troubled economy drove credit losses higher, reducing profitability in the second quarter.
Loan Losses Drag On Wells Fargo, Other Big Banks
Reuters: Business News, Reuters: Business
Wed, 07/22/2009 - 8:59am
Sections: business
RELATED ARTICLES
- US home sales rebound slightly in February
U.S. home sales picked up slightly in February but remain sluggish due to tight inventories, affordability problems and nasty winter weather. More - Dollar rises above 100 yen for 1st time in 4 years
The dollar has risen above 100 yen for the first time in more than four years as currency traders persist in selling the Japanese currency in reaction to Tokyo's aggressive credit-easing moves. More - Obama to open middle-class jobs, opportunity tour
Aiming to show he's still focused on creating jobs, President Barack Obama is beginning a series of quick trips around the country to resurrect ideas from his State of the Union address that became overshadowed by the intense debates over gun control, immigration and automatic spending cuts. More - Retailers report modest gains for April
Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More - US home building is surging, but job growth isn't
The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help - if he could hire enough qualified people. "There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. More
BING NEWS:
- Wells Fargo Bank Promotions of 2024
Wells Fargo has some decent checking and savings account bonuses, but the APYs are below average. Find out whether Wells Fargo promotions are worth it.
04/25/2024 - 6:01 am | View Link - Weak shipments in durable goods data pose downside risk for Q1 GDP – Wells Fargo
Headline durable goods orders rose in March but weakness in shipments may mean a softer-than-expected reading for US Q1 GDP growth due Thursday, Wells Fargo said. Somewhat mixed underlying order ...
04/24/2024 - 4:56 am | View Link - Datadog jumps after Wells Fargo upgrades to Overweight
Datadog's (NASDAQ:DDOG) stock rose about 3% premarket on Tuesday after Wells Fargo upgraded the shares to Overweight from Equal Weight as the firm noted that cost optimization was coming to an end.
04/23/2024 - 12:52 am | View Link - Wells Fargo Weighs Debut Risk Transfer as Banks Shore Up Capital
Wells Fargo & Co. is looking at essentially buying insurance on some of the loans in its portfolio using a transaction known as a synthetic risk transfer, potentially becoming the latest big bank to ...
04/22/2024 - 1:00 am | View Link - Wells Fargo sees more short-term pain for stocks with rising 10Y becoming ‘kryptonite’
Wells Fargo sees more short-term losses for stocks as the market runs into a "triple whammy" of downside factors. Read more here.
04/19/2024 - 4:21 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more