| Dec 28, 2013
| 7:39 AM
A Times investigation into the intense sales culture at Wells Fargo Bank, published in Sunday's newspaper, has drawn strong reaction from the bank's customers and employees. Many related experiences similar to those described in the story.
| Dec 25, 2013
Re "Wells Fargo sales quotas come at cost," Dec. 22
From 1996 to 2002, I worked at a Wells Fargo branch in Brentwood. My experience was just as The Times reported for other workers.
I was criticized numerous times for not selling according to the...
| Jan 3, 2014
| 4:55 PM
The economy is likely to continue dragging in a slow recovery this year, the president of the Federal Reserve Bank of Richmond told a Maryland bankers group Friday.
The economy will grow an estimated 2 percent to 2.25 percent, about the same as since the...
| Jan 9, 2014
| 6:00 AM
Delinquencies on consumer loans have hit another all-time low, according to the American Bankers Assn., which says that is good news for the economy as well as for the balance sheets of the banks that are owed money.
Bank credit-card delinquencies...
| Jan 23, 2014
| 4:48 PM
Marty Tudor's 19-year-old daughter has just left for a semester of study in the Netherlands, which is very cool.
What's not cool is that AT&T told Tudor it wouldn't unlock her iPhone 5 so she could use it with a local service while abroad, even though...
| Jan 10, 2014
| 2:54 PM
Few of the nontraditional home loans that triggered the financial crisis are still available, and lenders will have even more reason to avoid them now that the Consumer Financial Protection Bureau’s definition of presumably safe and sound...
| Jan 14, 2014
| 10:56 AM
Despite a sharp downturn in its market-leading mortgage business, Wells Fargo & Co. reported a 10% improvement in fourth-quarter earnings as loan losses declined and the San Francisco bank collected higher fees in other businesses.
Wells, which wrote...
| Jan 14, 2014
| 6:44 PM
NEW YORK — Massive legal payouts didn't just cost JPMorgan Chase & Co. billions last year. They also cost the Wall Street giant its title as America's most profitable bank.
After weathering a barrage of legal and regulatory assaults in 2013, the...
| Jan 15, 2014
| 4:28 PM
A Los Angeles city councilman called Wednesday for his colleagues to explore ways of punishing banking giant JPMorgan Chase & Co. for engaging in financial misconduct, possibly by terminating the company's contracts with the city.
| Jan 15, 2014
| 5:17 PM
NEW YORK — Bank of America Corp.'s fourth-quarter profit surged as the financial giant continued to work through its hangover from the housing meltdown.
The Charlotte, N.C., bank Wednesday reported net income of $3.4 billion, or 29 cents a share,...
| Jan 18, 2014
| 7:00 AM
Most of the risky mortgages that triggered the financial crisis have disappeared from the marketplace, and lenders will have even more reason to avoid them because of a new federal crackdown on loose lending.
But one housing-bubble favorite —...