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JPMorgan Chase To Hold Annual Meeting in Columbus

JPMorgan will hold its annual meeting on May 17 - but this year shareholders will convene 550 miles away from its lush Park Avenue headquarters.

Wells Fargo Reports of Possible Sanctions

Wells Fargo's annual report didn't shed any light on the recent departure of its CFO, but did confirm something else: That the San Francisco-based banking giant is likely to face penalties from regulators who are investigating its foreclosure practices.

AIG Derivatives 90% 'Wound-Down'
AIG Derivatives 90% 'Wound-Down'

02/25/11 - 02:11 PM EST

AIG has exited more than 90% of the derivatives positions that got the firm into trouble during 2008, leading to its enormous bailout.

Wells Fargo Gets Goldman, Wall Street Nod

Goldman Sachs upgraded Wells Fargo to its conviction buy list, while Stifel Nicolaus also called Wells Fargo's recent sell-off a buying opportunity.

AIG Aircraft, Mortgage Units May Sell at 'Right Price'

AIG would still like to sell International Lease Finance Corp. and United Guaranty Corp., but is waiting for "the right price," CEO Robert Benmosche said.

AIG CEO Defends Poor Core Results
AIG CEO Defends Poor Core Results

02/25/11 - 11:50 AM EST

AIG CEO Robert Benmosche worked to dampen concern about the company's core operating results on Friday.

10 Banks With Big Fannie, Freddie Exposure

TheStreet examines which lenders have the most exposure to mortgage-backed securities that are subject to change under new housing-finance regulation.

Wells Fargo Focuses on Insurance: Q&A
Wells Fargo Focuses on Insurance: Q&A

02/23/11 - 05:00 AM EST

Wells Fargo executive Neal Aton says the company is moving aggressively targeting its goal of providing insurance products to one in five of its customers and sees big opportunities in the employee-benefits area.

Auditor Stands By Wells Fargo
Auditor Stands By Wells Fargo

02/18/11 - 12:29 PM EST

KPMG says it remains Wells Fargo's external auditor, though the Big Four accounting firm wouldn't comment on recent criticism that Wells' financial disclosures aren't up to snuff.

Foreclosures May Prompt Bank 'Sanctions'

Federal regulators are preparing to sanction large mortgage servicers for "critical deficiencies and shortcomings" in their foreclosure processes, Comptroller of the Currency John Walsh told Congress on Thursday.

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