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A collection of news and information related to Wachovia Corp. published by this site and its partners.
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BofA pays $165 million to settle mortgage claims by credit unions
In yet another home lending legal settlement, Bank of America Corp. will pay regulators $165 million related to losses that big credit unions suffered on mortgage-backed securities. The settlement, announced Tuesday, stems from efforts by the National...
Tags: Finance, Trials, Citigroup Incorporated, Litigation, Bank of America Corp.
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Wells Fargo not modifying mortgages as required, lawsuit says
Accusing Wells Fargo & Co. of reneging on a sweeping mortgage-modification deal, a lawyer for troubled homeowners is trying to reopen a case involving risky "pick-a-pay" loans written during the housing bubble. Legal filings last week claimed Wells...
Tags: Financial and Business Services, Judges, Laws, Crime, Law and Justice, Justice System
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Marion Sandler dies at 81; World Savings Bank executive
As one of the first women to hold a position of power on Wall Street, Marion O. Sandler was notable even before she and her husband, Herbert, spent 43 years building Oakland's World Savings Bank into such a major — and ultimately controversial...Tags: Finance, Pulitzer Prize Awards, Saturday Night Live (tv program), Banking, Lorne Michaels
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Wells Fargo says California's economy "in flux" next year
Money & CompanyCalifornia economy in flux next year.... -
Wells Fargo settles bid-rigging case
Money & CompanyBanks bid rigging: The suit accused many investment banks of conspiring to rig the bidding process, “sharing their illegal gains through kickbacks to one another, and making other secret, undisclosed arrangements.”... -
Wells Fargo, KPMG reach $627-million settlement of lending suit
Money & CompanyThe legal fallout from high-risk, boom-era mortgage lending never stops, it seems -- the latest example being Wells Fargo & Co.'s $590-million proposed settlement of a class-action lawsuit centering on controversial "Pick-a-Pay" loans issued by Oakland'... -
Regional investment bank aims for a reprise
Jim Freedman and his partners have been here before.
"We call this Act Three," he told me one day recently from the Westside high-rise office of Intrepid Investment Bankers, his new firm devoted to mergers and acquisitions in the regional middle market...Tags: Healthcare Contract Issues, Walgreen Co., Banking, Companies and Corporations, Career and Workplace
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Wells Fargo beats expectations with 3% increase in earnings
Money & CompanyThe Wells Fargo stagecoach continues to roll despite the weak economy, weathering the San Francisco bank's 2008 acquisition of Wachovia Corp. better than some critics had predicted. Wells Fargo beat Wall Street expectations by reporting third-quarter... -
Wall Street Roundup: The power of ICE. Barney Frank fires back.
Money & CompanyGold: Trading now at $1,437 per ounce, up 0.5% from Friday. Dow Jones industrial average: Trading now at 12,393.40, up 0.1% from Friday. Wachovia in the crosshairs. Wachovia, the North Carolina-based bank bought by Wells Fargo, may be facing a...... -
Wells Fargo ATM system breaks down for second time this year
Money & CompanyWells Fargo & Co.'s national network of automated teller machines crashed over the weekend, at least the second time this year that the San Francisco bank has had a mass outage of ATMs. Most of Wells' 12,000 ATMs, which include...... -
Chase branch expansion continues as BofA scales back
Money & CompanyJPMorgan Chase & Co. is pressing ahead with an expansion of its California branch network even as Bank of America Corp. plans to close some less profitable offices. The Chase Bank parent is saying that it intends to open about...... -
SEC files fraud lawsuit against three former IndyMac executives [Updated]
Money & CompanyTargeting executives of the housing boom's biggest stated-income lender, the Securities and Exchange Commission has accused former IndyMac Bancorp Chief Executive Michael W. Perry and two former chief financial officers of defrauding investors at the...
Apr 2, 2013
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May 18, 2011
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Oct 20, 2010
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Apr 4, 2011
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Feb 11, 2011
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