Lone Star and Wells Fargo would divvy up the assets of Commerzbank. Lone Star, the private equity firm, and Wells Fargo are in talks to purchase a GBP4 billion or US$6.
Tags: Wells Fargo
JPMorgan to report earnings first ahead of other US banks
JPMorgan stated they would release 1st quarter report ahead of others. The nation's largest banks start their second-quarter earnings reporting season starting this week.
JPMorgan and Wells Fargo in Bond Selloff
JPMorgan and Wells Fargo let go bonds worth around US$38 billion. JPMorgan Chase & Co. and Wells Fargo got back around US$38 billion of their riskiest investments in the first quarter as an increase in trading activity persuaded them the assets were easier and more simple to value.
Analysts say Ackman hedge fund rumors are false
According to analysts, the Ackman hedge fund and FedEx rumors are false. Rumors of Bill Ackman, a hedge fund operator, supposedly raising money to buy shares in FedEx were false, say analysts.
Wal-Mart Opening Retirement Fund for Bidding to Managers
Wal-Mart, with nearly 1.2 million strong retirement fund members, is accepting bids to manage its US$15.6 billion 401k program.
Latest News
Wells Fargo continues private equity investment activity despite Volcker Rule. Wells Fargo and Co CEO Dick Kovacevich initially had reservations about banks dabbling in private equity investments.
