In conclusion, Wells Fargo will never be able to compete with Lending Club because doing so would require too radical of a shift. As Wells Fargo states in theirTodaybrochure, they operate through “more than 9,000 locations”. Each of these nine thousand branches has to be maintained and ke...
$350 billion, meets our credit policy. In terms of large issuers of personal loans in this country there is only Lending Club, Wells Fargo, and Discover, so I think we could capture a decent
10:03 am: Bank stocks bounce back Shares of banks and other financial companies rose in early trading on Friday after being hammered during Thursday's sell-off. Citigroup, which dropped more than 13% in the previous session, surged 5.9% in the opening minutes. Wells Fargo and Morgan Stanley...
Wells Fargo, Citi, and Bank of America aren’t far behind, either. Since 2016, 35 banks are responsible for $2.7 trillion funneled into the climate crisis. That might soon change under this new direction the sector is taking. The power of that new direction, however, remains unclear. If...
the big ones were bankrupt by the definition of liabilities relative to assets. They were busted. They didn’t trust each other to give each other overnight loans the way they normally do every day because they weren’t confident that Bank of America or Citibank or Wells Fargo would give ...
change… well… yawn and double yawn. Bank of America didn’t pay their bill yet. Yeah, like I’m shocked to hear that. Countrywide was supposed to pay homeowners something like $8 billion like two years ago and I haven’t heard anything about those ch...
Along with National Bank Transfer Day, Occupy Wall Street has brought attention to the practices of major banks, such as high fees. Record numbers of people switched their accounts from major banks to credit unions to escape fees. In response to this,Bank of America rescinded their proposed $...
It is not uncommon to hear More than one Wall Street firm or investment bank has written of tens of billions of dollars in uncollectable debt today. In 2009 were going to see the worst economic collapse ever, the Greatest Depression, says Gerald Celente, U.S. trend forecaster. He believes...
I just refinanced my old Wells Fargo loan with a new one taking me from 5.875% to 3.75% and there were no closing costs and no appraisal. I think I paid a couple of hundred dollars in notary and other processing fees. All said we are saving $350 a month. Reply James October 18,...