we also have a lot of our wells fargo team members. they are here. they want to get to know you even more so that we can serve you better. tonight, i want to especially thank mayor lee and supervisor ross for holding this event. it is so exciting that we get a part to play with this. thank you very much, and, have the new year, everyone. enjoy your evening. thank you. [applause] >> thank you very much, and thank you to wells fargo for supporting this event. i would also like to support other sponsors. i'm going to name them. applied technology and science, at&t, of joe engineers inc., and i also want to thank everybody who helped this program. you know who you are. i cannot see it, but everyone who helped. a lot of people held this program. special thanks, of course, to mayor ed lee and his office. thank you all for helping us to put this together. please don't leave. i do not want to be accused of standing between you and the entertainment. the entertainment segment is going to start. we will have dances and songs, and after that, we will ask you to

at wells fargo, we share the mayor's commitment to san francisco. we are one of the oldest companies doing business here. we're the largest private employer and one of the top corporate philanthropists in san francisco. wells fargo, the san francisco chamber of commerce are honored to have him here today. please welcome mirkarimi -- mayor ed lee. [applause] mayor lee: good morning. all right. it is great to be in the city of san francisco because we are doing everything right. i know they only gave me 10 minutes this morning. i could probably talk for hours about what we're doing in our city to make sure it is economically strong, but finally have 10 minutes, it is going to be about jobs, jobs, and more jobs. [applause] that is what we have to do in this city. i want to speak on the state of our city's economic climate. in order to have a city that is, as you have heard me say time and time again, that is safe, solvent, and successful, we need to invest in our residents, in our businesses here, and in our city. that is why jobs and our business clim

next is marked with wells fargo. >> hello, i work for wells fargo bank. i cover the northern california region. i usually focus on about $350 -- $350,000 of sbe loans. last year, for 2010, i did 43 loans. so we are lending. i usually focus on six different types of loans. start-ups, business acquisitions, real estate purchases with ti's, working capital, a partner buyouts, business expansion. when i am looking at a potential loan, i use the standard five c's of credit. the first one is character. what we are looking for is a minimum score around 640. we would like to say no recent bankruptcy foreclosures, bankruptcies, tax liens. if we see a loan that has been modified, we would like to see a reason it was modified, what ever reason it may be. it cannot be, i did not want to pay that payment any more. the second c, conditions. basically, how precise will the money be used? we are looking at a business plan. when you look at a business plan, that is just a start up. we are looking to see where there will be the need for lending. if you are an existing busi

is the executive president for wells fargo, our title sponsor today. michael is responsible for wells fargo's san francisco bay area region. 2600 team members. 139 banks stores or branches and more than $31 billion in deposits. michael is a longtime bay area resident focused on the bay area economy. wells fargo is leading the way. please help me welcome him to the stage. michael. [applause] >> thank you and good morning, everyone. it is my great pleasure this morning to introduce our next speaker, mayor ed lee. since taking office in january, he's made tremendous progress in a short time. he's been dedicated to preserving san francisco's dynamic work force and the creation of new jobs, which i know is important to this audience. is committed to affordable housing and education and worked diligently to close the budget deficit. his experience and dedication to san francisco are irrefutable, having spent over 22 years in public service. at wells fargo, we share the mayor's commitment to san francisco. we are one of the oldest companies doing business her

wells fargo agreed to temporarily reduce the payments for six months. and later denied her a permanent modification and began foreclosure. she hired a lawyer. >> you can see i don't speak good english. for this situation, someone has to speak good english to make a deal with them. >> rena says she paid thousands in upfront fees but the lawyers stop returning her call autos they stole my money. waits a lot of money for me. >> we're going to be calm. we're going to go in and talk to the manager. >> rena marched down market street with a consumer group ace to make a final plea to wells fargo. a district manager came outside. >> we've helped 700,000 people in wells fargo customers with the modifications. >> they don't keep what they promise. it's why i'm angry its never in our interest at all to evict. that is last resort. >> i want to save my house. >> and the manager promised to put her in touch with an executive wells fargo saying there ploons to evict her from the house while the case is under investigation. >> bank of america and jc morgan chase single

>>reporter: wells fargo e mailed a statement that reads the lawsuit against wells fargo capitol finance is without merit and we will defend ourselves against the allegations. ynd that, we can not provide any further comment at this time. >> i would like to talk to you about the investors no, comment from several major players in the story. i stopped by kelly recent practice with cal men club volleyball team. pl and last week walter declined to speak with me when i caught up with him in a hearing after his bankruptcy case. i reached barney by phone late today. he's trying to deflect the blame to his father, his brother and bruce horowitz saying i didn't make decisions and didn't have the authority to make decisions. on how the investor money was handled. barney was the one who went out and found project in which to invest. also no comment today from green berg about. we have many other angle we are working on the story. if you have a tip e-mail us through our web site at this on the screen. by the way i got con fir inflammation cal late today that kelly is inform longer the volleyball co

eugenio aleman/banco wells fargo 31:00 la nacion el pais los necesita porque son un grupo muy grande para poder salir profesionalmente no hay una forma de tomar atajo la unica forma de llegar directamente al triunfo corporativo, personal y eduacional es estudiando 26:49 51:54 ahora tu eres la lider? no todos somos los lideres 51:58 49:38 con el fondo hispano de becas, en el ultimo ano escolar estudiantes han organizado mas de 200 talleres en diferentes universidades del pais, para ayudarles a otros en este camino a la educacion superior...con este tipo de entrenamientos ellos esperan aumentar ese numero....pilar nino telemundo 49:57 cu ---en la capital del pais, fue pospuesta la votacin en torno al polemico proyecto e-verify... take vo ---se esperaba que a dicho proyecto se le hiciera una larga lista de enmiendas y que al final de la sesin de hoy se emitiera un voto de los participantes.. . ---sin embargo, luego de escuchar las declaraciones de cada uno de los congresistas en torno al e-verify, se anunci que la edicin y el voto fueron pospuestos para el proximo miercoles 21 de septie

that bank now is owned by wells fargo out of san francisco. so into the only big bank still based it is bank of america, although wachovia is part of wells fargo. they have their biggest employee base here in charlotte. wells fargo still has a big presence in charlotte. >> what were some of the problems they were having? >> both of these banks really true throughout time, and then both kind of stumbled on the last big acquisitions. wachovia bought a lender called golden west financial out in california, kind of right at the top of the housing bubble, have a lot of mortgage issues that they inherited about $100 million in mortgages. allowing california housing prices were really falling apart to get some investment banking issues as well. that put them in trouble going into the financial crisis. then bank of america had bought first countrywide financial which was the biggest subprime lender, and then merrill lynch which is the biggest investment bank. a lot of concern and initially was about the merrill lynch do and that led to a government ba

eugenio aleman/banco wells fargo 31:00 la nacion el pais los necesita porque son un grupo muy grandees en el futuro 31:08 dani ayala/envio de remesas-banco wells fargo 26:37 para poder salir profesionalmente no hay una forma de tomar atajo la unica forma de llegar directamente al triunfo corporativo, personal y eduacional es estudiando 26:49 51:54 ahora tu eres la lider? no todos somos los lideres 51:58 49:38 con el fondo hispano de becas, en el ultimo ano escolar estudiantes han organizado mas de 200 talleres en diferentes universidades del pais, para ayudarles a otros en este camino a la educacion superior...con este tipo de entrenamientos ellos esperan aumentar ese numero....pilar nino telemundo 49:57 roll open cu ---san francisco enarbolo hoy las banderas de mexico y los paises centroamericanos. nat sound --wait for cue ---esto en reconocimient o de su independencia. .. ---el alcalde ed lee ademas entrego a cada uno de los consules de estos paises una proclamacion reconociendo la herencia y legado culturales ---lee renovo su compromiso con las tarjetas de identificacion municipal

then back to wells fargo, n.citigroup said wells fargo tailback and moments where wachovia was close to failing. they were not sure what would happen. then when they switched from citigroup to wells fargo the confrontation between the lawyers said we will sue you for billions of dollars. they did and settled not too long ago at about $100 million. >> what effect has that had on charlotte or north carolina? >> from 2008 through 2009 we lost about 3,000 jobs equating about $1 billion of wages. some of that started to come back but you have lost jobs, investment banking jobs, they will not come back with that mortgage related stuff that nobody does and a big mortgage of and lourdes couple of positive as we have seen to move operations here take advantage of those folks that are here. smaller firms have spun off and private equity firms out. there is now more of a diverse financial sector but definitely lost said big bank to one in california to go through the pain that happen here. . .

i do have one question for wells fargo. what are the typical rules for applying for sba loan of less than $50,000? how much money do we need to have in your bank to apply for a loan? >> i am on the smaller side of the bank. i am a transaction guy. i do not technically require one to have an account to do a loan with. what i look for, i generally start at 100,000 and up. when it is a requirement of 50,000 or less, i tend to call of the micro guys to help me out. that is right in their box. for us, the capacity for us to do the smaller side is not there as much as it is for them. on getting a loan through my side of the bank, i do not require an account to do that. we would like to have it, but i do not require it. >> last question for the opportunity fund and a critic representative. are you a cdfi? is san francisco and s.p.a. in support of cdfi's being established in san francisco? >> yes, we are. we were founded in 1999 with a small business loan. that is how we started our tenderloin office. >> opportunity fund is a certi

>>reporter: wells fargo e mailed a statement that reads the lawsuit against wells fargo capitol finance is without merit and we will did he if he said ourselves against the vaeltion. beyond that we can not provide any further comment at this time. >> i would lake to talk to you about the investors no, comment from several major players in the story. i stopped by kelly recent practice with cal men club volleyball team. speed limit do you have anything to say to all the investors. >> no. >>reporter: last week walter declined to speak with me after i caught one him after a hearing in his bankruptcy kaichlts i reached barney by phone late today and trying to deflect the blame to his fathe father, brother and bruce saying i didn't make the decision and didn't have authority to make decision on how the investor money was handled. barney went out and found project in which to invest. no comment from green burg. we have many other angle we are working on the story. if you have a tip e-mail us through our web site. >> by the way i got confirmation from cal late today that kelly is no longer the

last but not least, we have our conditional lender represented here by wells fargo. mark cyrus is the senior fda banker for the region -- the senior sba banker. he held businesses choose the best loans for the growing business and focus on a comprehensive understanding of their goals for their business. mark is responsible for helping entrepreneurs with sba loans every step of the way. i would like each of you to speak a little bit about what your organization does and, more importantly, address the audience here and let them know what your looking for when you are hoping to fund their loan. we will start with you, mark. >> absolutely. thank you. i want to thank speaker pelosi for putting this together. i want to thank all of the of for coming out on a smell it -- snowy san francisco date. [laughter] we've been told we should get us know when we go back outside. not sure what to expect. second, i thank speaker pelosi for all the work she did to support the jobs act and before that, the stimulus bill, the original american recovery act bill that allows sba to be able

. >> i might use my wells fargo card. >> reporter: now, wells fargo is testing out a $3 fee. >> same sentiment to them, as well. if all the banks present the same type of fee, there is nothing the consumers can do. >> reporter: wells fargo will also start charging a $3 debit fee next month but so far, not here in california. jpmorgan chase is testing its own $3 fee but only in wisconsin and citigroup says it's raising fees on certain checking accounts but not for debit cards. in a statement, bank of america tells consumerwatch, quote, the economics of offering a debit card have changed with recent regulations. as a result, we have decided to introduce a monthly usage fee. the fee will be waived for customers with certain premium accounts. now, keep in mind, this fee is in addition to your regular monthly checking account fees which are also on the rise. allen, you might remember earlier this week, we told you that only less than half of all checking accounts are now free and that's down from three- quarters that were free just two years ago. >> i guess the only alternative carry cash

sot vo ---el banco wells fargo respondio que aunque le dieron un plan temporal de pagos, no pudieronnente. ---agregaron que no hay programado ningun desalojo y que revisaran la mas reciente informacion sobre que ella pudo ademas haber sido victima de fraude. stop open roll open cu ---ya empiezan los preparativos para las celebraciones de las fiestas patrias para conmemorar otro aniversario de la independencia de mexico... ---como parte de nuestra colaboracin periodistica nos enlazamos con celina rodriguez, de "buenos dias con celina" quien nos tiene mas detalles... ---buenas tardes celina.. . take live take weather cam in plasma cu ariel rodriguez tiene el pronostico del tiempo....... roll open roll open take pkg gracias cesar la nubosidad en el sector costero se fue disipando en el transcurso de las horas de la tarde dando paso a una dia muy soleado a traves de todo el distrito... la condicion del tiempo ya en estos momentos mas controlada por alta presin que se nos est acercando desde el norte del pacifico por eso vemos tiempo mas bien tranquilo y un patron de tiempo con mayor infl

. >> i might use my wells fargo card. >> reporter: now, wells fargo is testing out a $3 fee. >> sameiment to them, as well. if all the banks present the same type of fee, there is nothing the consumers can do. >> reporter: wells fargo will also start charging a $3 debit fee next month but so far, not here in california. in a statement from bank of america they say today, quote, the economics of offering a debit card have changed with recent regulations. as a result, we have decided to introduce a monthly usage fee. the fee will be waived for customers with certain premium accounts. bank of america is not alone. wells fargo is testing out a $3 fee but not here in california. right now only in special markets. jpmorgan chase is doing the same. and all of these fees come as the monthly fees for those checking accounts are on the rise, as well. so one of the options for folks who can't afford these fees is to possibly look into something other than be a bank. possibly a credit union. >> yeah. >> or just use cash. and not pick up this fee. >> reporter: you could but depending on what you

. >> but instead of sending the fax, wells fargo saw them coming. customers were caught in the trash to the war. >> and you saw at the door was bank security. >> they peacefully left leaving the footprint of foreclosure trash behind and this message. >> we will be back. >> and, chased nor citibank are commenting tonight that wells fargo offered to statement saying, once we take ownership of foreclosed properties we worked diligently to manage them in and manner that benefits the community until the home is sold. those protesters say their next step is the city fines against the bank. >> i'm not long am hunt for mendocino county killer. >> it seems like we are at some point closing in on them. >> and how being polite can cost you. >> and he has taken our internet and is heard by storm. who has literally written the book on cute. >> that is pretty cute. how about something warm? we have testers outside in the 70s. the big cool down, the rain, the snow, and when it will all occur as eyewitness news continues on the cw. [ female announcer ] at jcpenney

. >> reporter: instead of sending the facts wells fargo saw coming locked the doors. chase customers were caught in the trash tug of war. >> you saw at the door was bank security. that was not our people block the door. >> reporter: they left leaving a foot print of trash behind and this message. >> we'll be back. >> reporter: now tonight we found four homes in a row on 19th avenue, foreclosed, boarded up, two of them lined trash. tonight neither chase or city bank is commenting. wells fargo is saying that once we take ownership of foreclosed properties we work to manage them in a manner that benefits the community until the home is sold to a new owner. those protesters say their next step is a fine from the city against the large banks. >> foreclosed homes like that all over the bay area. thank you. >> not what you would expect to hear. the unusual request michael jackson's doctor made right after the pop star was pronounced dead. >> it's not normal, you could be at higher risk for strokes and not even know it. >> and a big promise to shoes could not fill and that me

wells fargo is charging customers $3 a month in four states and j p morgan is experimenting with a $3 fee for some customers in wisconsin. >>> an outpouring of anger at big banks and their role in the housing crisis came to a head in san francisco. hundreds of people demonstrated outside the financial district offices of several banks, including chase, wells fargo and bank of america. the group says that banks should help moment owners rebuild neighborhoods devastated by foreclosures and pay their fair share of taxes. there are no reports of any arrest. >>> today michael jackson -- . >>> he joined the army in 2009. he was akind to the first infantry division based in fort riley, kansas. this was his first deployment to afghanistan >>> a federal appeals court today declined to decide whether the military's don't ask don't tell policy was constitutional. the gay rights group lone cabin republican filed that suit back in 2004. it won a lower court ruling that the ban on gays serving openly was unconstitutional but a panel of the 9th circuit court of appeal in san francisco has now thrown