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A collection of news and information related to Wells Fargo & Co. published by Tribune Company sources.
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Local stocks of interest
Faro Technologies Inc. Friday's close: $14.39, up 24.5% from previous week The Lake Mary-based maker of computerized measurement devices used by manufacturers said last week that its board of directors approved a program to repurchase up to $30...Tags: Federal Reserve, General Growth Properties Incorporated, Wachovia Corp., Ocoee, Lake Mary
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Business Briefs: Nov. 27, 2008
FDIC ADDS BANKS TO 'TROUBLED' LIST | The Federal Deposit Insurance Corp. said Tuesday the list of banks it considers to be in trouble shot up nearly 50 percent to 171 during the third quarter -- yet another sign of escalating problems among the...Tags: Tobacco Products, Wachovia Corp.
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Buffett's banking bets right on the money
Bloomberg NewsBloomberg News Billionaire Warren Buffett's decision to increase his stake in financial companies, including Wells Fargo & Co. and U.S. Bancorp, and avoid subprime lenders is paying off for Berkshire Hathaway Inc. Berkshire's bank-related investments...Tags: Banking, New York Times, U.S. Bancorp, Berkshire Hathaway Incorporated, J.P. Morgan Chase & Co.
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FDIC is expediting bank charter process to allow non-banks to bid for troubled banks
AP Business WriterNEW YORK (AP) _ Non-banks will soon be able to bid for banks on the verge of collapse — a change that should not only keep more troubled banks from failing, but also benefit companies looking to get funding through deposits and the government....Tags: Citigroup Incorporated, Bankruptcy, Morgan Stanley Dean Witter & Company, American Express Company, Wachovia Corp.
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Troubled banks increase 50%
Associated PressThe Federal Deposit Insurance Corp. said yesterday that the list of banks it considers to be in trouble shot up nearly 50 percent to 171 during the third quarter - yet another sign of escalating problems among the institutions controlling Americans'...Tags: Washington Mutual Inc., Wachovia Corp., IndyMac Bancorp Incorporated
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Plan to bail out Citigroup unveiled
The Associated PressRushing to rescue Citigroup, the government agreed to shoulder hundreds of billions of dollars in possible losses at the stricken bank and to plow a fresh $20 billion into the company. Regulators hope the dramatic action will bolster badly shaken...Tags: Citigroup Incorporated, Fannie Mae, American International Group, United Overseas Bank Limited, Financial and Business Services
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Pressure builds on Citigroup to sell part or all of itself
Associated PressNEW YORK (AP) _ Pressure intensified on Citigroup to sell part or all of itself as its stock fell below $4 a share on Friday and fears escalated about future loan losses. CEO Vikram Pandit told managers earlier in the day he opposes breaking up the...Tags: Wine, Beer, and Spirits, Banking, American International Group, Financial and Business Services, J.P. Morgan Chase & Co.
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Wachovia's top 10 eligible for severance pay
Wachovia Corp.'s top executives are eligible to receive up to $98.1 million in severance, assuming the bank's acquisition by Wells Fargo & Co. is completed by Dec. 31 as expected, according to a regulatory filing. Ten executives have employment...Tags: Wachovia Corp.
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FDIC sees sharp rise in number of troubled banks
The Associated PressThe Federal Deposit Insurance Corp. said Tuesday the list of banks it considers to be in trouble shot up nearly 50 percent to 171 during the third quarter — yet another sign of escalating problems among the institutions controlling Americans'...Tags: Washington Mutual Inc., Wachovia Corp., Newport Beach, IndyMac Bancorp Incorporated
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FDIC's list of 'problem' banks swells to 171 with bank profits plunging 94 pct in 3rd quarter
AP Business WriterNEW YORK (AP) _ The Federal Deposit Insurance Corp. said Tuesday the list of banks it considers to be in trouble shot up nearly 50 percent to 171 during the third quarter — yet another sign of escalating problems among the institutions controlling...Tags: Washington Mutual Inc., Citigroup Incorporated, Federal Reserve, Bankruptcy, Banking
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Gov't announces another $800 billion in bailout plans; total commitments approach $7 trillion
WASHINGTON (AP) _ The government's commitments to contain the financial crisis now approach $7 trillion. That figure includes funds to guarantee certain corporate assets and debts, although those funds may never actually be spent. Still, the overall...Tags: Securities, Fannie Mae, American International Group, Banking, U.S. Bancorp
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Citi probably won't be the last financial company to need a government backstop, analysts say
AP Business WritersNEW YORK (AP) _ Shares of Citigroup Inc. and other financial stocks soared Monday on a bet that a long line of government-funded financial bailouts could be nearing a close. But if the last few months have taught us anything, it's that new problems always...Tags: Citigroup Incorporated, American International Group, Banking, Georgetown, Insurance
Nov 30, 2008
|Story| Orlando Sentinel
Nov 27, 2008
|Story| Allentown Morning Call
Nov 28, 2008
|Story| Chicago Tribune
Nov 26, 2008
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Nov 26, 2008
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Nov 24, 2008
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Nov 21, 2008
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Nov 26, 2008
|Story| Hampton Roads Daily Press
Nov 26, 2008
|Story| South Florida Sun-Sentinel
Nov 25, 2008
|Story| Associated Press
Nov 25, 2008
|Story| Associated Press
Nov 24, 2008
|Story| Associated Press
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