Wells Fargo (NYSE:WFC) is set to hire as many as 100 bank tellers in Arizona.

Wells Fargo To Hire In Arizona

The US financial firm Wells Fargo (NYSE:WFC) is hiring 100 workers to fill bank teller positions throughout the state of Arizona.

The bank will hire full-time and part-time workers to provide outstanding service to the customers and to process account transactions.

Wells Fargo (NYSE:WFC) Arizona’s regional president Pam Conboy said, “As the third largest employer in Arizona, Wells Fargo (NYSE:WFC) is pleased to have the opportunity to help put Arizonans back to work. Our tellers are essential to the success of our company and are an invaluable resource for our customers across Arizona”.

Wells Fargo (NYSE:WFC) shares are currently standing at 34.84.

Price History
Last Price: 34.84
52 Week Low / High: 22.61 / 34.95
50 Day Moving Average: 33.71
6 Month Price Change %: 11.0%
12 Month Price Change %: 41.1%

Wells Fargo (NYSE:WFC) has launched a new down payment assistance program.

Wells Fargo Helping With Down Payments

The US lender Wells Fargo (NYSE:WFC) has pledged $9 million to boost a home buying program in St. Paul and Minneapolis.

The NeighborhoodLIFT program will provide qualified homeowners up to $15,000 in the form of down payment assistance.

David Kvamme, Wells Fargo (NYSE:WFC) Minnesota president, said, “It’s an incredibly great time for people to buy homes. Interest rates are down. Prices are down. … But some people don’t have the money to make a down payment”.

Wells Fargo (NYSE:WFC) company shares are currently standing at 34.10.

Price History
Last Price: 34.10
52 Week Low / High: 22.61 / 34.8
50 Day Moving Average: 33.55
6 Month Price Change %: 9.6%
12 Month Price Change %: 38.4%

Wells Fargo (NYSE:WFC) has created a dedicated homebuilder banking group.

Wells Fargo Launching Homebuilder Group

Wells Fargo (NYSE:WFC) has launched a new 14-member homebuilder banking group to provide a suite of financial services.

The new group, which will be led by Bird Anderson, will lend to homeowners throughout Texas, the East Coast and the Midwest.

The services will include project and corporate financing facilities, capital markets projects, insurance and mortgage.

Anderson said, “The homebuilder community has unique needs. We believe our customers will benefit by having a group of experienced and dedicated bankers devoted specially to this industry”.

Wells Fargo (NYSE:WFC) company shares are currently standing at 33.97.

Price History
Last Price: 33.97
52 Week Low / High: 22.61 / 34.8
50 Day Moving Average: 33.06
6 Month Price Change %: 11.6%
12 Month Price Change %: 35.7%

Wells Fargo (NYSE:WFC) has agreed to pay $6.5 million to settle a mortgage investment case.

Wells Fargo To Pay $6.5m To Settle Case

The Securities and Exchange Commission has announced that Wells Fargo (NYSE:WFC) has agreed to settle a mortgage investment case by paying $6.5 million.

Federal regulators had said that the bank sold troubled mortgage investments without understanding their complexities and it also failed to disclose the risks to investors.

However, the bank did not admit or deny the allegations.

A Wells Fargo (NYSE:WFC) spokeswoman said, “These issues occurred more than five years ago and pertain to a part of the firm that was completely revamped after the merger with Wachovia. Wells Fargo (NYSE:WFC) is pleased to put this matter behind us”.

Wells Fargo (NYSE:WFC) stocks are currently standing at 33.96.

Price History
Last Price: 33.96
52 Week Low / High: 22.61 / 34.8
50 Day Moving Average: 32.98
6 Month Price Change %: 10.9%
12 Month Price Change %: 40.7%

Global Finance magazine has selected Wells Fargo (NYSE:WFC) as the best internet bank in US.

Wells Fargo Wins Internet Bank Award

The US lender Wells Fargo (NYSE:WFC) has been named as the Best Corporate/Institutional Internet bank and Best Consumer Internet Bank in US by the Global Finance magazine for the third consecutive year.

The magazine said that the bank succeeded in attracting and servicing online banking customers in addition to continuous innovation and product development.

Wells Fargo (NYSE:WFC) executive vice president Secil Watson said, “Our key promise to our customers is to provide consistent, convenient, and secure access to their accounts and services – anytime, anywhere. In the last two years, we’ve added even more services to our single sign-on CEO® portal. We’ve also expanded our CEO Mobile® services as we see more of our users accessing their products and services through mobile devices. We take every touch point with our customers as an opportunity to listen to their needs, so we can continue to make their online and mobile experiences better”.

Wells Fargo (NYSE:WFC) shares are currently standing at 33.82.

Price History
Last Price: 33.82
52 Week Low / High: 22.61 / 34.8
50 Day Moving Average: 32.83
6 Month Price Change %: 10.4%
12 Month Price Change %: 36.5%

Wells Fargo (NYSE:WFC) is expecting the cost of its refinance program to double.

Wells Fargo To Expand Refinancing

The San-Francisco based Wells Fargo (NYSE:WFC) said in a regulatory filing that the bank expects the cost of the Refinance Program to rise to $8 billion from an estimated $4 billion three months ago.

This will reduce the bank’s lifetime interest income by $1.7 billion.

It expects to refinance 40,000 borrowers as part of the $25 billion mortgage settlement with federal agencies.

Wells Fargo (NYSE:WFC) said in a statement, “The estimates exceed the amounts that would result from just meeting our minimum commitments under the program due to the significantly higher than expected response we have received from our customers”.

Wells Fargo (NYSE:WFC) company shares are currently standing at 33.74.

Price History
Last Price: 33.74
52 Week Low / High: 22.58 / 34.8
50 Day Moving Average: 32.75
6 Month Price Change %: 12.6%
12 Month Price Change %: 34.9%

Wells Fargo (NYSE:WFC) is set to add 400 jobs in St. Louis.

Wells Fargo To Add STL Jobs

Wells Fargo (NYSE:WFC) announced that its Advisors firm is planning to expand its St. Louis business by adding 400 new jobs.

The company will create the new opportunities in the next three to five years as part of its $33 million expansion plan.

Danny Ludeman, president and CEO of Wells Fargo (NYSE:WFC) Advisors, said, “As our business continues to grow, as we increase market share, and as we become more strategic on how and where we want people located, that’s leading to the growth of Wells Fargo Advisors in St. Louis”.

Wells Fargo (NYSE:WFC) shares are currently standing at 33.96.

Price History
Last Price: 33.96
52 Week Low / High: 22.58 / 34.59
50 Day Moving Average: 32.52
6 Month Price Change %: 16.1%
12 Month Price Change %: 21.6%

Wells Fargo (NYSE:WFC) is set to create more than 400 jobs in Asia by 2015.

Wells Fargo To Expand In Asia

Though several financial players are slowing their expansion in Asia, the largest home lender Wells Fargo (NYSE:WFC) has pledged to create new job opportunities in the region.

The bank is planning to hire 400 workers over the next three years.

It now employs 4,200 workers in the region.

John Rindlaub, Wells Fargo (NYSE:WFC)’s president for Asia Pacific operations, said, “We are hiring. As the other institutions have either slowed their growth or even cut back to reduce their expenses, we’ve been able to add great people. Many other large institutions have had large equity capital markets and debt capital markets businesses which have slowed down dramatically, and that’s one of the reasons for the cutback. We don’t have a large exposure in that area. A lot of our focus is on traditional banking activities”.

Wells Fargo (NYSE:WFC) stocks are currently standing at 33.16.

Price History
Last Price: 33.16
52 Week Low / High: 22.58 / 34.59
50 Day Moving Average: 32.39
6 Month Price Change %: 9.8%
12 Month Price Change %: 14.5%