A First for Wells Fargo: Its Own Hedge FundsA new Wells Fargo & Co. subsidiary will create the company's first hedge funds, and the target market includes the merely affluent as well as the super-rich.Hunter, Matthew
Wells Fargo, one of the largest banks in the United States is facing a lawsuit from its Hispanic employees that accuses the centuries old bank of engaging in predatory lending practices against customers of the same ethnic origin. The lawsuit, filed June 30 in a Texas federal court, accuses ...
Reports on the creation of hedge funds by Wells Fargo Alternative Asset Management LLC in the U.S. Aims of the unit; Target market of the product; Plans of Ssaris Advisors LLC to go downmarket in selling alternative investments.HunterMatthewAmerican Banker...
Lincoln Financial Group is looking to banks for initial distribution of a variable annuity that gives investors more access to their money, and it has struck a deal with the San Francisco banking company Wells Fargo & Co. to start the process.Hunter, Matthew...
Wells Private-Client Pushes Outside Branch Footprint.(Wells Fargo in Chicago)(Brief Article)Hunter, Matthew
and Federated Investors have launched mutual funds that invest in companies looking to benefit from the integration of the Internet into the national economy of the United States. Wells Fargo OTC Growth Fund; Federated's New Economy Fund; Lead managers of the funds.HunterMatthewAmerican Banker...
Reports the initial distribution of variable annuities by Lincoln Financial Group in San Francisco, California. Agreement with Wells Fargo & Co.; Benefits of the annuity patent for investors; Plans to use the patent in other banks and to the annuity platforms of brokers.Hunter...