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Topic: Wells Fargo
AMP treated the corporate regulator with contempt — understandably

AMP treated the corporate regulator with contempt — understandably

The banking royal commission has shown how utterly contemptuous of the ASIC Australia's biggest firms can be.

Imagine if our lazy banking oligopoly had to answer to US regulators

Imagine if our lazy banking oligopoly had to answer to US regulators

Say what you like about the Americans, but their corporate regulators make ours look like PC Plod.

Business bites: banks will fight … KFC’s plight … Greece is tight …

Business bites: banks will fight … KFC’s plight … Greece is tight …

KFC, Macca's, etc, lose their appeal in China. And other business tidbits of the day.

US banks clean dirty Mexican drug money

US banks clean dirty Mexican drug money

US banks -- including Bank of America and Wachovia -- have blatantly laundered illicit funds from the Mexican drug war for years, helping to cleanse the dirty cash.

US banking basket case: not much left in the Citi kitty

US banking basket case: not much left in the Citi kitty

Lumbering banking giant Citibank lost $US1.6 billion last year -- peanuts really compared to the still-shocking $US27.7 billion lost in 2008.

Calling bull on the banks

Calling bull on the banks

Many of the big US banks -- Citigroup and Wells Fargo -- are withdrawing from the government stimulus package, so as to limit government control. Little has changed on Wall St, says John Gapper, so can we call the GFC bailout a success?

US market reverses in the last hour

US market reverses in the last hour

The US market reversed in the last hour last night, with Wall St falling 92. The local market is down 3, but the Aussie dollar is up to 92.89c.

Bear market trap will snare investors

Bear market trap will snare investors

Much of the good news which has spurred the latest market rally is not really good news at all.

US banks back from the brink

US banks back from the brink

US banks are making money as easily as they have ever earned it.

Morning Market Report

Morning Market Report

The highlights and lowlights of this morning's sharemarket activity.