JMP Group, Inc.
Wells Fargo (NYSE: WFC) has been an American business icon since 1852 and has fueled economic growth since the Gold Rush. It is the fourth largest bank in the US by assets, providing retail and commercial banking, along with wealth, brokerage, and retirement management services. These and other financial service are available in over 130 countries.
Overall, Wells Fargo is the 26th largest corporation in America according to Fortune. In more »
CEO Brian Moynihan is breathing a sigh of relief now that Merrill Lynch’s wealth management non-U.S. unit is sold to Swiss company Julius Baer Group for about $880 million. The sale puts much needed cash into Bank of America’s (NYSE: BAC) coffers while eliminating a unit that had a negative cost-to-income ratio of 114% last year.
Former CEO Ken Lewis purchased the mortgage giant in 2008 to more »