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17 Jul 08
FT.com / Companies / Financial services - Wells Fargo cheer lifts banks
Wells Fargo 2nd quarter results are good
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Insurance revenue climbed 27 per cent to $550m and credit card fees rose 14 per cent to $588m, the company said. Mortgage banking revenue jumped 74 per cent to $1.2bn as the bank gained business with loans that conform to the standards of government-backed mortgage financiers Fannie Mae and Freddie Mac.
15 May 08
Payments News: Bank of America, Wells Fargo Form Payment Processing Joint Venture - May 15, 2008
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"Pariter Solutions is committed to finding innovative ways to deliver core business services," said Sturgis-Griffin. "This new shared services provider will deliver high quality and enhanced payment processing capabilities that reflect significant efficiencies of scale.
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