HOW AND WHY IS WELLS FARGO THE FIRST "MAN" STANDING-(HINT HINT)
Posted by EXOGEN on December 9, 2014 at 8:27am
Wells Fargo now most valuable U.S. bank ever, breaking Citigroup’s 2001 record
By Dakin Campbell
Posted: Tuesday, Dec. 09, 2014
Wells Fargo & Co. quietly passed a milestone at the end of trading last week: It’s now the most valuable U.S. bank ever, surpassing Citigroup Inc.’s 2001 record.
Wells Fargo closed Friday with a market capitalization of $285.5 billion, based on 5.19 billion shares outstanding on Oct. 31, according to data compiled by Bloomberg. That beats the previous record set by Citigroup on Feb. 5, 2001, when its value reached $283.4 billion, the data show.
Wells Fargo, which counts Warren Buffett’s Berkshire Hathaway Inc. as its largest shareholder, doubled its size in 2008 by outmaneuvering Citigroup to purchase Charlotte-based Wachovia Corp.
San Francisco-based Wells Fargo employs about 22,100 in the Charlotte area, its largest employee base. The lender made one of out every four U.S. mortgages last year and now oversees the most U.S. bank branches.
“Our focus is on doing what is right for our customers every day, and we are pleased our investors place their confidence in Wells Fargo,” Ancel Martinez, a bank spokesman, said in a statement.
Wells Fargo closed Monday at $54.77, down less than 1 percent, and the stock’s 21 percent gain this year tops the 7.7 percent advance for the KBW Bank Index of 24 U.S. lenders.
Berkshire’s stake in the San Francisco-based bank is valued at more than $25 billion, according to data compiled by Bloomberg.
EXOGEN Wells Fargo closed Friday with a market capitalization of $285.5 billion
EXOGEN December 9, 2014 at 8:31am Most valuable U.S. bank ever,
EXOGEN December 9, 2014 at 8:30am
1. FRIENDS AND FAMILY TRANSACTIONS
2. SKR TRANSACTIONS
3. BUY SELL AGREEMENTS
4. PRIVATE CURRENCY EXCHANGES
JUST TO NAME A FEW AS TO HOW THEY PULLED THIS OFF............AND THE GENERAL PUBLIC DOES NOT EVEN KNOW
Iko Ward: Guys, we're on line, waiting for the CBI to pull the trigger. The CBI is controlled by the PTB. I have no doubt the TNT group will exchange and many of us will get the contract rate. Everything else at this point is fodder for the rumor mill. we are lucky to have this forum and chat but know in your heart of hearts this is real and happening NOW
Iko Ward: Forex is now doing the same thing every day. They open with a polling at 7:05 and value against the dollar. Then a couple bourse later they set the ratel, then they revalue around 5Pm
Bandit33: IKO...who is getting any rates? This is a really peculiar deal.
Iko Ward: Bandit, we all have access to the trading values, just go,to any currency platform. But the public can't trade at these levels, only trading houses with international connections get to do that.
rrrr :Let’s take a moment… to forget all the rates. forget all the dates. forget who’s to blame… forget all the shame… forget the NDA… and when at the bank, forget what we should say…Yes… PLEASE take a moment to… reflect on what we DO have… on the fact we were chosen, to be here at this moment… and everything that we all have been through, has served merely to strengthen our quest to pursue… the moment that’s upon us… that moment that screams… Happy Holiday Dinarians… Here’s to our Dreams.
Landons Nana: Stryker Article QUOTE: "Ali Fayad, said Speaker of the House adviser on energy, on Monday, that the political atmosphere between the province and the center of political and other blocs are ripe for the enactment of the oil and gas law and the formation of the Supreme Council of the oil policy"
ONCE AGAIN THERE ARE TALKS ABOUT THE TIME BEING RIGHT NOW TO PASS THE OIL & GAS LAW DUE TO THE DEAL STRUCK BETWEEN KURDISTAN AND FEDERAL GOVERNMENT.
[pollyp] Jester, any updates you'd like to share with us?
[Jester] pollyp YOU ASK ME THE SAME QUESTION EVERY NIGHT...
[oxglove] Jester Canadian news getting the population ready for tougher economic times due to downturn in oil prices, already multi billion dollar project retraction for 2015
[Jester] oxglove POSTED THE PREDICTION OF THAT LAST NIGHT NOT SURE IF YOU SAW IT OR NOT...
[jbmeans] Jester just wondering, was the 2nd domino pushed so far out that the first one missed it when it fell? lol
[Jester] jbmeans LAST NIGHT I TRIED TO SHARE THE OVERALL DIRECTION OF THINGS LAST NIGHT... THE OVERALL PICTURE IS DEVELOPING... IT IS NOT ON THE DINAR LAND SCHEDULE OF EVERYTHING THEY WILL LIKE YOU TO BELIEVE....
[Jester] HOW ABOUT 100% BS ON THAT FRONT... THIS CONTINUAL CONFIRMED BS THAT EVERYONE WILL LIKE TO BELIEVE IS NOT HOW IT IS GOING...
[oxglove] read it this morning but here is something from news tonight:
[Jester] THE SITUATION IS CLEAR FOR NOW... THE US IS NOT IN THE SAME GAME YET... AND THE WORK AROUND CONTINUES...
[Jester] GOOD NIGHT ... SEEYALATERBYE
walkingstick » December 9th, 2014,
Abadi vows to fight corruption even if it cost him his life
Iraqi Prime Minister Haider al-Abadi said Monday that "the threat of corruption comparable to terrorism", promising to fight this scourge, even if it cost him his life.
The Abadi came to power in September / September last after offering to organize an Islamic state in large areas of northern Iraq. He pledged to fight widespread corruption under his predecessor, Nuri al-Maliki.
Ebadi said Monday during a visit to Karbala, south of Baghdad, "We have started the large whales in the fight against the corrupt and draw a cautionary message to anyone who takes a salary unlawfully."
He stressed that he would go ahead with this campaign, "even if it cost me my life (...) because corruption is no less dangerous than terrorism."
He said in November the end of his intention to intensify the fight against terrorism, revealing that the country is paying the salaries of about 50 thousand imaginary troops were not present, and the maximum number of senior officers from office.
Al-Maliki said Monday that al-Abadi said the presence of 50 thousand imaginary soldier paid a salary "is absolutely true."
Maliki said in an apparent reference to al-Abbadi without naming him "we hope the source of the information accuracy and investigation before launch so as not to cause confusion exploited by those who want to abuse the security of the state and civil bodies."
Read more: http://www.alhurra.com/content/Iraq-prime-minister-fight-corruption/262906.html#ixzz3LO4YsXD8