Jason Menke News
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Wells Fargo & Co., the largest U.S. mortgage lender, said federal banking regulations led it to fire a Milwaukee employee for a 40-year-old shoplifting violation.
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Wells Fargo & Co. , the largest U.S. home lender, cut 1,900 employees from its mortgage unit, or less than 1 percent of the workforce, as fewer would-be borrowers submit applications for loans.
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UBS AG , Switzerland’s largest bank, agreed to pay $160.2 million to settle charges it rigged bids on at least 100 U.S. municipal-bond transactions that generated “millions of dollars in ill-gotten gains.”
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Barclays Plc, after defeating an $11 billion lawsuit by Lehman Brothers Holdings Inc., seeks to dismiss the defunct firm’s remaining claim for $500 million in allegedly unpaid bonuses.
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Jared Lee Loughner is scheduled to appear in court today to face charges of attempting to kill U.S. Representative Gabrielle Giffords and murdering U.S. District Judge John Roll in a shooting spree at a Tucson, Arizona, shopping mall that claimed six lives and wounded at least 14 others, federal prosecutors said.
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New York Attorney General Andrew Cuomo requested information from Bank of America Corp. , JPMorgan Chase & Co. and two other mortgage-servicers as he probes the validity of documents used in home foreclosures.
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U.S. banks may still face state securities-fraud claims and municipal lawsuits over unpaid mortgage fees under a settlement that is “getting closer,” the official leading talks for state attorneys general said.
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Florida’s attorney general asked U.S. lenders to come up with a solution to the foreclosure crisis, just as state officials around the country are set to open an investigation into their practices.
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Nichelle Morant was on the verge of losing her three-unit house in Brooklyn, New York, earlier this year, after tenants renting the second and third floors lost their jobs and moved out.
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Nichelle Morant was on the verge of losing her three-unit house in Brooklyn, New York, earlier this year, after tenants renting the second and third floors lost their jobs and moved out.
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