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Wells Fargo Loses Bid To End Philadelphia Predatory Lending Lawsuit

– A federal judge in Philadelphia on Tuesday rejected Wells Fargo & Co’s (WFC.N) bid to dismiss that city’s lawsuit accusing the largest U.S....

Wells Fargo Sees No End Yet To Sales Scandal Costs Gets Tax Boost

NEW YORK – Wells Fargo & Co (WFC.N) is not certain it has fully uncovered and fixed all problems related to a long-running sales scandal that has hurt the...

Federal Reserve Fines Five Banks To Wrap Up Mortgage Servicing Charges

WASHINGTON – The Federal Reserve fined five large U.S. banks a combined $35.1 million to settle cases of mortgage servicing flaws dating back to 2011. The central...

Wells Fargo Adds 325 Billion To Consumer Legal Bill In Fourth Quarter

– Wells Fargo & Co (WFC.N) set aside $3.25 billion in the fourth quarter to cover legal expenses related to probes into its mortgage and sales practices, but...

Wells Fargo 2018 Expense Guidance In Line With Expectations

– Wells Fargo & Co (WFC.N) set aside more money in the fourth quarter to cover legal expenses related to probes into its mortgage and sales practices, but its...

Wells Fargo Quarterly Profit Rises On One-time Tax Benefit

– Wells Fargo & Co (WFC.N) posted an 18 percent rise in fourth-quarter profit, driven by a one-time tax benefit related to President Donald Trump’s new...

Us Factory Construction Data Brighten Economic Outlook

WASHINGTON – U.S. factory activity increased more than expected in December, boosted by a surge in new orders growth, in a further sign of strong economic momentum...

Us Factory Activity Accelerates Construction Spending At Record High

WASHINGTON – U.S. factory activity increased more than expected in December, boosted by a surge in new orders growth, in a further sign of strong economic momentum...

Rbs To Pay 125 Million To Settle California Mortgage Bond Claims

– Royal Bank of Scotland Group Plc will pay $125 million to resolve claims that it made misrepresentations while selling mortgage-backed securities to two large...