Millions of Americans with shoddy credit records are obtaining used car loans, resembling the subprime mortgage mess, The NYT found.» Read More
Citigroup Inc. rose$. 25 or. 5 percent, to $49.60. Goldman Sachs rose $3.30 or 1.9 percent, to $175.02. JPMorgan Chase rose$. 43 or. 7 percent, to $58.67.
Bank of America Corp. fell$. 01 or percent, to $15.52. Citigroup Inc. rose$. 35 or. 7 percent, to $49.70. Goldman Sachs rose $3.05 or 1.8 percent, to $174.77.
Bank of America Corp. rose$. 01 or. 1 percent, to $15.53. Citigroup Inc. rose$. 21 or. 4 percent, to $49.56. Goldman Sachs rose $1.57 or. 9 percent, to $173.29.
July 18- The success of General Electric Co's impending initial public offering for its private-label credit card unit could ride on investors' willingness to bet that a lukewarm consumer-led U.S. economic recovery heats up.
BIRMINGHAM, Ala.— Wells Fargo is laying off nearly 500 workers from its mortgage servicing team in the Birmingham area, officials announced Thursday. The Birmingham- area layoffs are part of 481 positions that are being eliminated nationwide. Birmingham is the headquarters of the bank's mid-South region.
Talking Squawk, the official "Squawk Box" blog, provides tidbits, insights, and some sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
Ukrainian officials said a Malaysia Airlines passenger plane carrying 295 people was shot down, although both the government and pro- Russia separatists fighting in the region denied responsibility. The situation raised concerns of wider geopolitical instability in the region and an escalation of tensions between Russia and the West.
The endgame is to keep companies here and create jobs, says John Stumpf, Wells Fargo CEO, sharing his thoughts on tax reform.
I think things are better, says John Stumpf, Wells Fargo CEO, sharing his thoughts on the economy.
John Stumpf, Wells Fargo CEO, runs through the company's Q2 results, and shares his thoughts on loan demand and the outlook on housing.
WASHINGTON, July 17- U.S. housing finance companies Fannie Mae and Freddie Mac are making riskier deals as they increasingly purchase mortgages from smaller lenders, a federal watchdog said on Thursday.
Bank of America Corp. fell$. 31 or 1.9 percent, to $15.51. Citigroup Inc. rose$. 43 or. 9 percent, to $49.72. Goldman Sachs rose $1.70 or 1.0 percent, to $170.87.
The company and its retailing partners, including Neiman Marcus, Pizza Hut, Staples and others, hope a quicker payout will lead to fewer abandoned shopping carts online. The service is currently being offered in the U.S., Canada and Australia,.
**September 2012: Agrees to pay $2.43 billion to settle claims it hid crucial information from shareholders when it bought investment bank Merrill Lynch& Co at the height of the financial crisis.
July 16- Intel Corp's shares rose as much as 7 percent to a decade-high, after the world's largest chipmaker forecast quarterly revenue above analysts' estimates on demand from companies looking to replace old PCs. The broker actions came after Intel forecast on Tuesday third-quarter revenue above the average analyst estimate.
Bank of America Corp. fell$. 34 or 2.2 percent, to $15.47. Citigroup Inc. rose$. 14 or. 3 percent, to $49.43. Goldman Sachs rose $1.59 or. 9 percent, to $170.76.
Bank of America has offered $13 billion to settle a probe into mortgage securities sold by the bank, the Wall Street Journal reported.
Bank results are on a roll, and it's picking up speed. Yet these stocks are starting to look pricey.
Mortgage revenue fell and litigation costs increased for Bank of America in the second quarter.
Investors drove up shares in Time Warner 17 percent on news that Twenty-First Century Fox made a takeover bid for the media giant. Momentum from Intel's strong second-quarter earnings late Tuesday and news that Apple and IBM are teaming up to sell more iPhones and iPads to corporate customers helped lift major stock indexes in premarket trading.