Weekly News Roundup: Wells Fargo (NYSE:WFC)

Categories: Finance, Roundups

Here’s a run-down of Wells Fargo (NYSE:WFC) news briefs from last week. Wells Fargo (NYSE:WFC) company shares ended the week at 31.5 (as of 1/7/2011).

Weekly News Roundup: Wells Fargo (NYSE:WFC)

Tuesday 4 January

Wells Fargo (NYSE:WFC) has offered debt consolidation loans for American customers with poor credit scores.
Wells Fargo (NYSE:WFC), the US bank, is ready to offer debt consolidation loans in line with other banks. It is to help their customers deal with their debt, including student loans, car loans, and credit card debt. The customers will be able to get a debt consolidation loan even if they have no homes.

The customers can also use vehicles for bill consolidation. The bank wants to lower the customer’s interest rate and monthly payment.

Wells Fargo (NYSE:WFC)’s marketing asks in a statement, “But what if there’s no home equity to leverage because you rent? You may still have options”.

Wednesday 5 January

Wells Fargo (NYSE:WFC) Advisors has announced an $8,500 grant to Harry Chapin Food Bank.
The food bank will use this grant from Wells Fargo (NYSE:WFC) to support the food distribution for hungry in Lee, Collier, Charlotte, Hendry and Glades counties of southwest Florida.

Danny Ludeman, president & CEO of Wells Fargo (NYSE:WFC) Advisors said, “As a leader in our industry, we recognize that investing in our communities is a responsibility we have as a result of doing business there, and we understand that our firm is only as strong as the communities where we are located.”

We’ll be keeping a close eye on the Wells Fargo stock level for developments over the next couple of weeks.

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