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Wells Fargo Cancels Vegas Junket
The Las Vegas trip for its employees was the latest example of a financial firm appearing tone deaf to an increasingly bailout-weary public.
12:00AM 02/04/09
PNC Cutting 5,800 Jobs After Posting Loss
PNC Financial Services said it would shed 5,800 jobs after reporting a fourth-quarter loss it warned of two weeks ago.
01:07PM 02/03/09
BofA Investor Targets CEO Lewis
Bank of America investor Jerry Finger wants to strip CEO Ken Lewis of his Chairman title, or possibly even push him out of the bank's management, the New York Post reported Monday.
04:43PM 02/02/09
Wells Fargo Pays Treasury $371.5M Dividend
Wells Fargo on Tuesday said it would pay a $371.5 million dividend to the government in connection with the federal bailout of the banking sector.
01:11PM 02/02/09
January's Slide Could Buck Trend in '09
A decline in the S&P 500 has predicted a down year for stocks in all but five years since 1950, but the editor-in-chief of The Stock Trader's Almanac says this year could be different.
01:17PM 01/30/09
BofA Deferring Bonuses: Report
Bank of America, whose board is meeting Wednesday, is expected to defer year-end bonuses paid to employees in its capital markets and investment banking units.
05:45PM 01/28/09
Wells Fargo Takes Wachovia Losses Head On
Wells Fargo swung to a fourth-quarter loss, as the bank moved fast to write off shaky loans picked up in its acquisition of Wachovia.
04:41PM 01/28/09
'Bad Bank' Plan Seen as Crucial to Recovery
A 'bad bank' would buy toxic securities that continue to riddle the banking sector's collective balance sheet.
01:20PM 01/28/09
Thain Subpoenaed in Merrill Bonus Probe
New York Attorney General Andrew Cuomo has subpoenaed ex- Merrill Lynch CEO John Thain as part of an investigation into bonuses paid to Merrill Lynch employees before the company's takebover by Bof A.
12:10PM 01/27/09
Thain Responds to BofA Accusations
John Thain took steps to rehabilitate his tarnished reputation this week, responding to a litany of allegations that led to his hasty departure from Bank of America.
05:30PM 01/26/09
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