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Wells Fargo CFO: Fines we’re hearing about don’t have calculable basis

Wells Fargo CFO John Shrewsberry reacts to the OCC’s $950M fine against Bank of America, Citi and JPMorgan and also discusses the growth of cyber threats.

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  1. Fed Approves New JPM, Goldman Capital Plans

    The Federal Reserve on Monday said it approved new capital plans by Goldman Sachs (NYSE:GS) and JPMorgan Chase (NYSE:JPM), after initially ordering the banks to fix ...

  2. Fund Managers Find Fairway's Mix To Their Taste

    Stashed into the hottest initial public offering market in years, Fairway Group Holdings received little media hype when the grocery store operator went public in Ap...

  3. First Half of Earnings Season Raises Questions

    Earnings season has entered halftime and the first-half results may have some investors needing a pep talk.The first-half picture is a familiar one: cost-cutting fue...

  4. U.S. business borrowing for equipment falls 6 percent in September

    U.S. companies borrowed less to spend on capital investment last month, the Equipment Leasing and Finance Association said.Companies signed up for $7.7 billion in ne...

  5. Instant View: U.S. FED sticks to stimulus

    The U.S. Federal Reserve said on Wednesday that it would continue buying bonds at an $85 billion monthly pace for now, surprising financial markets that were braced ...

  6. Dollar General beats in quarter but holds onto forecast

    Dollar General Corp posted better-than-expected second-quarter results on Wednesday as efforts such as selling cigarettes and more brand-name products attracted cust...

  7. Fed says it does not object to new BB&T capital plan

    The Federal Reserve approved a revised capital plan for BB&T Corp for 2013, and the bank said on Friday that it is maintaining its current quarterly dividend.With th...

  8. BB&T Gets Capital Plan Approved By Fed

    BB&T has seen its re-submitted capital plan approved by the Federal Reserve, the central bank said Friday. Earlier this year, the Federal Reserve objected to BB&T's ...

  9. Analysis: Higher costs may slow Kirby, winner of US energy boom

    A slow boat down the Mississippi may have been the best way to ride the U.S. energy boom.Houston-based Kirby Corp , the leading operator of inland barges in the Unit...

  10. Fossil profit beats Street as it sells more in Europe, Asia

    Fashion accessory maker and retailer Fossil Group Inc reported a better-than-expected quarterly profit as it sold more watches and jewelry in Europe and Asia, sendin...

  11. Regional Bank ETFs: Don't Mess With Texas

    Financial services ETFs of all stripes have been standout performers this year.The Financial Select Sector SPDR (NYSE:XLF), the largest financial services ETF by ass...

  12. Big Bank Customers to Yank $230B in Deposits?

    It's not exactly a secret that many Americans are frustrated with their banks nickel and diming them with overdraft and incidental charges.But just how many retail c...

  1. BB&T to acquire Susquehanna Bancshares for $2.5B

    FBN’s Ashley Webster breaks down the details of BB&T ’s $2.5 billion acquisition of Susquehanna Bancshares.

  2. BB&T 2Q earnings miss

    Earnings HQ: FBN’s Lori Rothman breaks down BB&T ’s second-quarter earnings report.

  3. State of the consumer

    BB&T Capital Market senior equity analyst Andrew Wolf, S&P Capital IQ managing director Mike Thompson and UBS U.S. economist Kevin Cummins on the consumer and retail sales.

  4. How to evaluate stocks for your portfolio

    Olstein Capital Management CIO Robert Olstein on the strategies for picking stocks.

  5. Has Federal Reserve policy been harmful to economy?

    Cato Institute CEO John Allison on Federal Reserve policy and the rise in bank lending.

  6. Banks Climb, REITs Fall as Traders Eye Higher Rates

    The Federal Reserve's statement and change in guidance is a bit more hawkish than many market watchers anticipated.  This is giving the financial sector, especially ...

  7. Have Twitter Shares Flown too High?

    Investors have been all atwitter about Twitter (NYSE:TWTR), sending the stock up a sizzling 42% since the short-messaging site debuted on the New York Stock Exchange...

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