Advertisement
YOU ARE HERE: LAT HomeCollectionsRod Jacobs
IN THE NEWS

Rod Jacobs

FEATURED ARTICLES
ARTICLES BY DATE
Advertisement
BUSINESS
May 20, 1998 | Bloomberg News
Wells Fargo & Co. said it named Chief Financial Officer Rod Jacobs president, filling a post vacated last year by William Zuendt. Jacobs, 57, will join the San Francisco-based bank company's board as the only management director other than Chairman and Chief Executive Paul Hazen. Jacobs, who joined Wells in 1979 as a financial analyst, will continue to supervise finance, computer operations and other administrative functions, reporting to Hazen.
BUSINESS
October 1, 1998 | From Bloomberg News
Norwest Corp. President Les Biller will become chief operating officer of Wells Fargo & Co. when the two banks merge to create the seventh-largest U.S. bank later this year. Biller, 49, will be a vice chairman of the company, along with Wells Fargo President Rod Jacobs, who, as previously announced, will be chief financial officer after the company is acquired by Minneapolis-based Norwest.
BUSINESS
September 2, 1998 | Bloomberg News
Wells Fargo & Co. said that after the company is acquired by Norwest Corp. later this year, Wells Fargo President Rod Jacobs will be named chief financial officer of the combined company. Norwest CFO John Thornton, 60, will retire in mid-1999 after helping Jacobs combine the financial functions of the two banks, a Wells Fargo spokesman said. Ross Kari, San Francisco-based Wells Fargo's CFO, will serve as deputy to Jacobs. Jacobs, 57, was Wells' CFO until he was named president earlier this year.
BUSINESS
December 18, 1992 | JAMES GRANELLI, TIMES STAFF WRITER
The much-ballyhooed "December surprise" in banking is at hand--but it's not the surprise that was predicted. On Saturday, the most Draconian banking rules ever go into effect, requiring federal regulators to start closing banks and thrifts whenever their capital--an institution's final cushion against losses--falls below 2% of their assets.
BUSINESS
February 29, 1996 | ROBERT A. ROSENBLATT and THOMAS S. MULLIGAN, TIMES STAFF WRITERS
Wells Fargo & Co.'s proposed $12.6-billion takeover of First Interstate Bancorp won approval from the U.S. Justice Department and the state of California on Wednesday after Wells agreed to sell 61 First Interstate branches with deposits of $2.5 billion.
BUSINESS
June 26, 1991 | MARTHA GROVES, TIMES STAFF WRITER
In a sign of worsening woes for California banks, Wells Fargo & Co. said Tuesday that its second-quarter earnings will be sharply lower than expected because of a big boost in its reserves for possible loan losses. Wells Fargo, the nation's 10th-largest bank with $56 billion in assets, said it would report net earnings of only $15 million, compared to net income of $152 million in the first quarter and $232 million in the second quarter of last year.
BUSINESS
July 16, 1997 | DEBORA VRANA, TIMES STAFF WRITER
Wells Fargo & Co. said Tuesday that its quarterly earnings fell 37% because of a series of operational snafus, including misplaced deposits and a continuing exodus of customers. The San Francisco-based banking giant, which had warned Wall Street last week that its earnings wouldn't be as strong as expected, said its income fell to $228 million, or $2.49 a share, for the second quarter, down from $363 million, or $3.61, during the same time last year.
Los Angeles Times Articles
|