International Business News - WFC http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Shares of most national banks mostly rose Wednesday, despite Washington Mutual Inc. and Wachovia Corp. reported wider-than-expected second-quarter losses a day earlier. http://www.ibtimes.com/articles/20080723/sector-snap-national-banks-trade-higher.htm Wed, 23 Jul 2008 13:44:24 EDT Industry data to be released Wednesday will show whether home loan applications continued to rise as mortgage rates fell last week. The Mortgage Bankers Association is scheduled to report its index of mortgage application volume for the week ended July 18 at 7 a.m. EDT. http://www.ibtimes.com/articles/20080723/ahead-of-the-bell-mortgage-applications.htm Wed, 23 Jul 2008 06:05:19 EDT Surprisingly large second-quarter losses at Wachovia Corp. and Washington Mutual Inc. have quickly revived concerns that the financial sector still has a long way to go before it recovers from the year-old credit crisis. http://www.ibtimes.com/data/articleimgs/95922-earns-wachovia.jpg http://www.ibtimes.com/articles/20080722/investors-question-financial-sector-rebound.htm http://www.ibtimes.com/articles/20080722/investors-question-financial-sector-rebound.htm Tue, 22 Jul 2008 18:02:54 EDT One of 38 people charged in a global crime ring that allegedly stole personal information from unsuspecting Internet users pleaded guilty Tuesday to a federal fraud charge. http://www.ibtimes.com/articles/20080722/romanian-phishing-scam-suspect-pleads-guilty.htm Tue, 22 Jul 2008 15:49:07 EDT The head of a major mortgage industry trade group is stepping down after more than seven years at the organization and is being replaced by the former president of a California mortgage company that shut down last year. http://www.ibtimes.com/articles/20080722/head-of-mortgage-bankers-association-to-resign.htm Tue, 22 Jul 2008 14:48:57 EDT Wall Street shook off early doldrums and closed sharply higher Tuesday after another drop in oil prices encouraged investors to set aside financial sector worries and go bargain hunting across the market. The Dow Jones industrial average rose more than 130 points. http://www.ibtimes.com/data/articleimgs/95539-wall-street.jpg http://www.ibtimes.com/articles/20080722/stocks-look-to-fall-after-disappointing-earnings.htm http://www.ibtimes.com/articles/20080722/stocks-look-to-fall-after-disappointing-earnings.htm Tue, 22 Jul 2008 17:37:45 EDT Shares of national banks rose sharply Monday as Bank of America Corp. was the latest bank to report a sharp decline in second-quarter earnings but still beat analysts' estimates. http://www.ibtimes.com/articles/20080721/sector-snap-national-banks.htm Mon, 21 Jul 2008 11:52:24 EDT Bank of America Corp. has become the latest in a string of big banks whose second-quarter earnings, while hurting from the impact of the credit crisis, still managed to beat Wall Street expectations. http://www.ibtimes.com/data/articleimgs/94872-bofa.jpg http://www.ibtimes.com/articles/20080721/bofa-profit-shrinks-beats-wall-street.htm http://www.ibtimes.com/articles/20080721/bofa-profit-shrinks-beats-wall-street.htm Mon, 21 Jul 2008 17:31:40 EDT Asian stock markets rose Monday as sentiment improved thanks to lower crude oil prices and stronger-than-expected earnings from U.S. banks. In Hong Kong, the blue-chip Hang Seng Index climbed 714.18 points, or nearly 3.3 percent, to 22,591.79. Markets in South Korea, Taiwan and Australia also were up around 3 percent or more. http://www.ibtimes.com/articles/20080721/asian-markets-gain-after-oil-prices-sink.htm Mon, 21 Jul 2008 01:54:09 EDT Merrill Lynch & Co. Chief Executive John Thain is making a pitch to Wall Street: Buy the brokerage's shares while they're still cheap. But investors don't seem ready to listen. http://www.ibtimes.com/data/articleimgs/93963-earns-merrill-lynch.jpg http://www.ibtimes.com/articles/20080719/bank-stocks-look-cheap-but-buyers-remain-cautious.htm http://www.ibtimes.com/articles/20080719/bank-stocks-look-cheap-but-buyers-remain-cautious.htm Sat, 19 Jul 2008 01:59:32 EDT Oil prices tumble in biggest weekly drop ever NEW YORK (AP)--The price of oil recorded its biggest weekly drop ever, and a gallon of gas finally pulled back from its record high. So is it time to declare the energy bubble popped? Experts won't go that far just yet. http://www.ibtimes.com/articles/20080718/business-highlights.htm Fri, 18 Jul 2008 18:34:42 EDT Treasury prices declined for a third straight session Friday after Citigroup Inc.'s second-quarter report eased investor concern about credit market turmoil. http://www.ibtimes.com/articles/20080718/treasury-prices-decline-for-3rd-straight-session.htm Fri, 18 Jul 2008 17:36:48 EDT Merrill Lynch & Co. Chief Executive John Thain is making a pitch to Wall Street: Buy the brokerage's shares while they're still cheap. But investors don't seem ready to listen. http://www.ibtimes.com/articles/20080718/bank-stocks-look-cheap-but-buyers-remain-cautious.htm Fri, 18 Jul 2008 16:45:42 EDT Regional bank stocks were mixed Friday in line with the broader market, as Wall Street waded through financial reports from a number of sector giants--including Citigroup Inc. and Merrill Lynch & Co. http://www.ibtimes.com/articles/20080718/sector-snap-regional-bank-stocks-mixed.htm Fri, 18 Jul 2008 12:51:39 EDT Shares of national banks were mixed Friday after Citigroup Inc. posted a steep loss because of continued problems in the credit markets, but still beat analysts expectations. http://www.ibtimes.com/articles/20080718/sector-snap-national-banks.htm Fri, 18 Jul 2008 11:57:56 EDT Merrill Lynch & Co. shares slipped in morning trading Friday after issuing its latest assessment of the damage it has suffered from the credit crisis: its fourth straight quarterly loss and write-downs from failed investments approaching $40 billion. http://www.ibtimes.com/articles/20080718/merrill-lynch-shares-fall-after-2q-report.htm Fri, 18 Jul 2008 09:45:29 EDT Asian stock markets were mixed Friday as investors weighed lower crude oil prices against worse-than-expected earnings results from some American blue-chip companies. http://www.ibtimes.com/articles/20080718/asia-stocks-mixed-after-us-tech-earnings.htm Fri, 18 Jul 2008 14:28:50 EDT The dollar was mixed Friday after the European Central Bank's president said inflation would edge back to around 2 percent within a year-and-a-half, and economic growth was likely to pick up. http://www.ibtimes.com/articles/20080718/dollar-falls-against-euro.htm Fri, 18 Jul 2008 17:04:07 EDT Wall Street closed out an impressive week with a mixed performance Friday after disappointing high-tech earnings punctured some of investors' enthusiasm over better-than-expected bank earnings reports. But the major indexes still ended the week with big gains, the result of rising optimism about the troubled financial sector. http://www.ibtimes.com/data/articleimgs/93527-wall-street.jpg http://www.ibtimes.com/articles/20080718/wall-street-heads-to-higher-open-on-mixed-earnings.htm http://www.ibtimes.com/articles/20080718/wall-street-heads-to-higher-open-on-mixed-earnings.htm Fri, 18 Jul 2008 17:34:45 EDT Citigroup has become the latest big bank to quell Wall Street's worries about a financial sector implosion, posting a $2.5 billion second-quarter loss that was smaller than expected. http://www.ibtimes.com/data/articleimgs/93578-citi.jpg http://www.ibtimes.com/articles/20080718/citigroup-posts-loss-loan-defaults-mount.htm http://www.ibtimes.com/articles/20080718/citigroup-posts-loss-loan-defaults-mount.htm Fri, 18 Jul 2008 18:56:06 EDT