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26 Nov 2008, 5:00 pm
The report laid bare the serious financial straits the company was in before Wells Fargo announced earlier this month that it would buy Wachovia. [read post]
26 Nov 2008, 3:10 am
To drug dealers, "an exempt rating is like gold," says a Wells Fargo Bank vice president. [read post]
25 Nov 2008, 3:43 am
But Wells Fargo never says that they will. [read post]
15 Nov 2008, 8:06 pm
The reason for the rule is to prevent profitable companies from purchasing loss companies to shelter some of it’s income from taxes. [read post]
11 Nov 2008, 9:06 am
The truth of this saying may be tested in coming weeks, as lawmakers and regulators grapple with the question of how to fix an under-the-radar corporate tax break for a few large banks (the federal tax cut for Wells Fargo alone has been estimated at over $20 billion, and the new tax break overall could cost US taxpayers $140 billion) that seems to have been approved without Congress agreeing to it.A Citizens for Tax Justice report from last week outlines the story:When one… [read post]
4 Nov 2008, 2:47 am
For example, Schumer claims that Wells Fargo will save $19.4 billion in federal taxes for its win over Citibank to purchase Wachovia, an amount which surpasses the proposed purchase price. [read post]
3 Nov 2008, 8:54 pm
He held that Wells Fargo, the only acquirer on the horizon for Wachovia, "obviously has no interest in having the Share Exchange declared unenforceable. [read post]
1 Nov 2008, 10:39 pm
For example, the new ruling will allow Wells Fargo to save $19.4 billion in taxes from their acquisition of Wachovia, according to published reports.The senator is referring to IRS Notice 2008-83, which interprets Section 382 of the Internal Revenue Code, which was enacted by Congress to prevent tax-motivated acquisitions of loss corporations. [read post]
1 Nov 2008, 12:15 pm
Wells Fargo & Company’s (“WFC”) board met fifteen times in 2008. [read post]
1 Nov 2008, 10:25 am
The company stated that it had a policy of prohibiting certain dog breeds and dogs weighing over 40 pounds yet despite the fact that the tenant stated that their dog was under 40 ponds and was necessary for his well being the company refused to budge from its policy. [read post]
31 Oct 2008, 2:30 pm
Nor does Wells Fargo (WFC) which also filed a TARP-related 8K yesterday. [read post]
31 Oct 2008, 12:30 pm
The event features a faculty of leading outside litigators, renowned jurists, and 24 senior in-house counsel from these companies: American Express • American General Finance • Bank of America • Capital One • Citi • Countrywide • Discover • GMAC • Greenpoint • First Data • Freddie Mac • Hyundai • iQor • MasterCard • Sovereign Bank • TCF National… [read post]
24 Oct 2008, 9:28 pm
• Wachovia, which is in the process of being acquired by Wells Fargo, reported a loss of almost $24 billion in its most recent quarter. [read post]
23 Oct 2008, 12:16 pm
Over the next few days, we will post the director compensation for Wells Fargo, Freddie Mac, and Fannie Mae (all three written by Joseph Aguilar) and JP Morgan, Citigroup and AIG (all written by Gregg Emmel). [read post]
19 Oct 2008, 9:13 pm
The top ten subprime loan originators in 2006 were: HSBC Finance, New Century Financial, Countrywide Financial, Citimortgage, WMC Mortgage, Fremont Investment and Loan, Ameriquest, Option One, Wells Fargo Home Mortgage and First Franklin Financial. [read post]
17 Oct 2008, 5:12 pm
The effect of the issuance of those "super shares" to Wells Fargo will be to essentially to lock up the deal for Wells Fargo. [read post]
15 Oct 2008, 7:37 pm
Morgan Chase, Morgan Stanley, State Street, and Wells Fargo, with the government purchasing preferred share stakes ranging from $2 to $25 billion. [read post]
15 Oct 2008, 4:00 pm
Wells Fargo did not want to be, and did not need to be, bailed out. [read post]
15 Oct 2008, 3:57 pm
During the discussion, the most animated response came from Wells Fargo Chairman Richard Kovacevich, say people present. [read post]
14 Oct 2008, 9:00 am
Then Wells Fargo comes in and acquires Wachovia. [read post]
