Wells Fargo & Co. (WFC), the largest U.S. home lender, ranked first among the six biggest U.S. commercial banks with the highest percentage of hard-to-value assets in its securities portfolio, Standard & Poor's said.So-called Level 3 assets comprised 14.5 percent of holdings the San Francisco-based firm had tagged for sale as of March 31, S&P said yesterday in a report. PNC Financial Services Group Inc.
Week by week we continue to see Wells Fargo kicking itself over Wachovia assets that it absorbed when it merged with Wachovia. FT Alphaville grabbed comments from the company's pre-recorded conference call: ... we are seeing signs ... Read Post
At some of the largest U.S. lenders, the number of consumer loans that are going bad is starting to level off. And while no one is declaring a full-scale recovery, executives at Bank of America, Wells Fargo and other big banks sound... Read Post