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Tag Archives: wells fargo & co

U.S. bank earnings rose this winter to 5-year high

WASHINGTON — U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years and the number of troubled banks fell for the fourth straight quarter. The mostly positive first-quarter earnings released ...

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Wells Fargo net rises on deposits, lending growth

NEW YORK — A steadier mortgage business, higher commercial lending and an increase in deposits lifted Wells Fargo & Co.’s fourth-quarter profit by 20 percent. The San Francisco-based bank reported Tuesday that the amount of mortgages it wrote in the ...

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Bank of America layoffs to hurt Maryland

Bank of America’s plan to shrink its workforce by 10 percent over the next few years will almost certainly have significant effect on Maryland, given the bank’s presence and stature in the state, analysts said. Bank of America Corp., the ...

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Wells Fargo turns to cost cuts as recovery stalls

NEW YORK — The nation’s largest mortgage lender is turning to cost-cutting as the economy sputters and the grinding housing slump means waning profits from new mortgages. Wells Fargo & Co. on Tuesday posted a 30 percent leap in second-quarter ...

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