Wells Fargo

Bennett College for Women, Wells Fargo, Financial Advisors
Bennett College

There’s a national movement to make sure the nation’s financial advisors look like the clients they serve.

But before that can happen, there needs to be a larger number of financial advisors in the pipeline.

A new partnership between Wells Fargo and Bennett College for Women sets out to help solve the problem.

Unemployment Rate
NC Commerce

The North Carolina legislature is back in session this week.  The Republican-led body is touting a strong economy and an unemployment rate that hasn’t been this low since the start of the Great Recession.

So, bust out the Moscato! The unemployment rate in North Carolina is 5.8 percent.  Governor Pat McCrory says it hasn’t been that low since 2008.

There has been a lot of movement from big banks in meeting their obligations in the National Mortgage Settlement.  A report out last week shows the five national banks in the settlement administered $350-million in total relief to North Carolinians in the last year.  That affects about 7,600 borrowers.   Settlement Monitor Joseph Smith runs down the national numbers in this video statement. 

The head of Wells Fargo Bank addressed a crowd at N-C State University yesterday.   But there was a break in the script once protesters from the “occupy” movement interrupted the speech and were eventually escorted out.

It was no secret – the scheduled speech by Wells Fargo C-E-O John Stumpf would definitely be interrupted.  The only question was WHEN.  Stumpf opened his speech at N-C State’s Poole College of Management joking about the emails he received from students inviting him out after the talk.

Community leaders in Durham, Orange, Chatham and Person counties are meeting tomorrow to get an idea of what the future holds in business, education and other sectors.

The regions in North Carolina weathering the economic storm the best these days are the Charlotte region and the counties surrounding Raleigh.  Mark Vitner is the chief economist for Wells Fargo.  He says just like the nation, the North Carolina economy is stuck in a slow-growth mode.

Wells Fargo Economist Mark Vitner
NC Chamber of Commerce

National and state economies are expected to improve in 2011 – but by only just a little bit.

Yesterday’s Economic Forecast Forum in Research Triangle Park was about telling the hard truth.  Wells Fargo Senior Economist Mark Vitner:

"We’re still on a path that we’re seeing extremely modest job growth."


Billie Redmond is trying to stay optimistic.   She’s the CEO of Coldwell Banker Commercial Trademark Properties in Raleigh.