Banking + Finance

Wells Fargo securities lending program on trial

A trial over Wells Fargo’s securities lending practices began Tuesday in St. Paul, with lawyers for both sides painting different pictures of the San Francisco-based bank’s management...

Money

Dakotas Outpacing MN In “Real” Income Growth

Based on a new measure of personal income, which factors in the price of goods and services in each state, Minnesota's income rose 2.8 percent in 2011.

Thrivent's Minneapolis headquarters

Thrivent Financial: Not Just For Lutherans Anymore

Thrivent Financial’s members voted to expand membership eligibility to all Christians.

Feds Sue U.S. Bank Over Misuse Of Funds Tied To Fraud

A U.S. Bank spokesman said the lawsuit is "without merit" and represents "an inappropriate attempt to reassign blame" to the company.

Michael McFadden

Lazard CEO McFadden Steps Down To Run Against Franken

Michael McFadden, co-CEO of Lazard Middle Market, recently announced his plan to run for U.S. Senate; David Solomon will now serve as the firm’s sole chief executive.

Phillip Trier

U.S. Bank Appoints Trier As Twin Cities Market President

Phillip Trier, who currently oversees U.S. Bank’s commercial banking division in the Twin Cities, will take on an expanded role as president of the local market.

Credit card

Target, Other Retailers Sue Visa And Mastercard

A group of retailers has opted out of a $7.2 billion settlement with the credit card companies and is now pursuing its own legal action.

6 Ways to Attract Financing

Six Ways To Attract Financing

Whether it’s bank loans or equity financing you’re after, pay attention to the fundamentals.

Medtronic Cutting 2,000 Jobs, 500 In MN

Medical device manufacturer Medtronic has cut about 65 percent of the 2,000 positions it intends to eliminate and beat it’s fourth-quarter earnings expectations.

MN, Prudential Reach $14M Settlement Over Unpaid Policies

Minnesota Commerce Commissioner Mike Rothman announced Wednesday the $14 million settlement with Prudential that pertains to unclaimed death benefits.

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