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Wells Fargo & Co WFC

Alternate Symbol(s):  WFC.P.D | WFC.P.L | WFC.P.Y

Wells Fargo & Company is a financial services company. It provides a diversified set of banking, investment and mortgage products and services, and consumer and commercial finance, through banking locations and offices, the Internet (www.wellsfargo.com) and other distribution channels to individuals, businesses and institutions in all 50 states, the District of Columbia and in countries outside the United States. Its segments include Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking, and Wealth and Investment Management. The Wealth and Investment Management segment provides personalized wealth management, brokerage, financial planning, lending, private banking, trust and fiduciary products and services to affluent, high-net worth and ultra-high-net worth clients. Commercial Banking products and services include banking and credit products across multiple industry sectors and municipalities, secured lending and lease products, and treasury management.


NYSE:WFC - Post by User

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Post by tinyjon Feb 03, 2009 8:33am
741 Views
Post# 15747539

JUST A HEADS UP...

JUST A HEADS UP...
WFC exposure to the Madoff scandal:
Entity: Wells Fargo & Co. (WFC)Exposure: $294 millionDate of disclosure: Jan. 29Notes: The bank charged off $294 million in loans that it made to Madoffclients who are now no longer able to repay the debt.  
Plus:  
    
    
18:16 EST Monday, Feb 02, 2009
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