Wells Fargo Hits Record Profit on Mortgage Banking

Oct. 12 (Bloomberg) -- Bloomberg's Julie Hyman reports that Wells Fargo & Co. said third-quarter profit increased 22 percent as the cheapest interest rates in history spurred refinancing. Net income advanced to a record $4.94 billion, or 88 cents a share, beating analyst estimates of 87 cents. She speaks on Bloomberg Television's "In The Loop."
Tsakalotos Names as New Greek Finance Minister
14:33 - Bloomberg's Mark Crumpton and Betty Liu report on today's top news stories. (Source: Bloomberg)
  • Meet Greece's New Finance Minister, Euclid Tsakalotos
  • What's Causing the Collapse in Chinese Stocks?
  • El-Erian: 61% of Greeks Are 'Mad As Hell'