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Wells Fargo’s profit nearly doubles in the third quarter

Wells Fargo’s profit nearly doubles in the third quarter

Wells Fargo reported a 98% increase in its third quarter earnings. This is even with a increase in credit losses.
The numbers came out to a $2.6 billion third quarter profit, which is up from $1.6 billion in the same quarter last year. It totaled out …

The chairman of Wells Fargo will resign

The chairman of Wells Fargo will resign

The chairman of Wells Fargo agreed last year to help the company through the financial crisis, now Dick Kovacevich will be stepping down from the job as he sees that the financial crisis is over, I suppose. After 23 years of being with the company, …

Banks that were too big to fail are now bigger?

Banks that were too big to fail are now bigger?

The banks that were supposedly too large to fail last year when the government decided to bail out crumbling banks are now bigger than they were just a year ago. Even with measures in place to try to keep banks from getting too large, somehow …

NAACP accuses HSBC and Wells Fargo of discrimination

The NAACP has planned to file a class action law suit against Wells Fargo and HSBC claiming they gave better loans to whites with the same qualifications (income, credit score, etc) as blacks.
Austin Tighe, co-lead counsel for the NAACP, told the Associated Press that black …

Las Vegas business conventions becoming scarce?

Las Vegas was once a place where corporations would go to have corporate meetings and conventions, and during free time, do “other” things. (What happens in Vegas…right?)
Well, things aren’t happpening in Vegas anymore.
Companies that have always had their meetings in Sin City are starting to …