U.S. Bankruptcy Court Judge Martin Glenn denied Wells Fargo’s request for permission to foreclose on Tandala Mims’s house in the Bronx for a second time on Thursday because he still wasn’t satisfied that Wells — as opposed to…
Wells Fargo agreed to pay Citigroup $100 million to settle a lawsuit stemming from Wells Fargo’s acquisition of Wachovia in 2008, the companies said Friday.
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As Bank of America continues to cope with fallout from the housing and mortgage crisis, the financial institution may have to pay some year-end employee bonuses in the form of stock because of a possible cash shortfall related …
Bank of America, Citigroup and Wells Fargo are among U.S. banks that said in Friday regulatory filings they may incur costs defending lawsuits from investors in their mortgage-backed securities.
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The Federal Reserve may soon start letting some banks boost their dividends again, according to a story in The Wall Street Journal that cites anonymous sources. The move would signal confidence in the new financial regulations …