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Wells Fargo Bank, 2010 Timeline Saturday, April 21 Bookmark and Share     Author
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Wells limits new free checking accounts  Wells Fargo has eliminated free checking accounts for new customers as firms prepare for stricter consumer- protection measures Wells 2Q Profit Rises; Bad Loans Ease
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Wells Fargo Bank   San Francisco Bank   Wells Fargo, 2010   Record Profit (5)
Bank Ex-Manager Facing Fraud Charges  John Tran, former Wells Fargo manager, is due in court to face charges he stole hundreds of thousands of dollars from elderly bank customers Pulitzer-Prize Winner Foils Bank Robbery  53-year-old Kim Komenich, who is 6'2' and weights 260 pounds, grabbed the man in a bear hug and held him for five minutes until officers arrived Wells Fargo earns $2.4B, credit improving  1st-quarter earnings fell 1 percent as the bank dealt with continuing losses on consumer loans and originated fewer mortgages Wells Fargo to cut consumer unit, jobs
Top 4 execs to get stock grants  Wells Fargo would award its chief executive and three other company leaders performance-based stock grants together worth about $25 million Judge dismisses suit against Wells Fargo  U.S. District Judge J. Frederick Motz has dismissed the city of Baltimore's first-of-its kind lawsuit against Wells Fargo Bank N.A. Unexpected 4Q profit for Wells

January 2010 ... more > Top ^
  Wells Fargo & Co. took a more optimistic view than other banks as it reported a surprise $394 million profit for the fourth quarter

March 2010 ... more > Top ^

April 2010 ... more > Top ^

July 2010 ... more > Top ^
  The fourth-largest U.S. bank by assets will eliminate 3,800 jobs, about 1.4 percent of its total workforce, and close its consumer-finance unit
  Better payment rates for mortgages, auto loans and credit cards helped lift consumer-focused Wells Fargo's 2nd-quarter profit by 12 percent
Jul.30 Wells: Customers will pay, too  CEO Stumpf said customers, not just the bank, will bear the financial burden for regulations that cover services

August 2010 ... more > Top ^
Aug.11 Wells Fargo loses debit card suit
  Wells Fargo & Co. should pay about $203 million to customers who claim the bank manipulated debit card transactions without their knowledge
Aug.25   Wells buys into mortgage market
  Wells Fargo added more than 20 bankers and support personnel during the past three months to increase loan originations

October 2010 ... more > Top ^
Oct.21 Wells Fargo reports record profit
  The largest U.S. home lender, reported record third-quarter profit that beat most analysts' estimates as credit conditions improved

December 2010 ... more > Top ^
Dec.20 Wells to modify 15K option-ARM loans
  Wells Fargo Bank N.A. has agreed to modify adjustable-rate loans made to nearly 15,000 Californians by lenders that it acquired

Good Economic News Main Event: Unexpected 4Q...
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B. 01-01 Top 4 execs to get stock grants Wells Fargo
2. 01-07 Judge dismisses suit against Wells Fargo Wells Fargo
01-20 Unexpected 4Q profit for Wells Wells Fargo
E. 03-11 Bank Ex-Manager Facing Fraud Charges San Jose
F. 04-14 Pulitzer-Prize Winner Foils Bank Robbery San Jose
G. 04-21 Wells Fargo earns $2.4B, credit improving Wells Fargo
H. 07-08 Wells Fargo to cut consumer unit, jobs Wells Fargo
I. 07-09 Wells limits new free checking accounts Wells Fargo
9. 07-21 Wells 2Q Profit Rises; Bad Loans Ease Wells Fargo

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