| Dec 6, 2013
| 10:32 AM
Bank of America Merrill Lynch's head of currency research says that bitcoin, the unregulated digital currency, may emerge as a serious competitor to traditional money-transfer providers, and he has identified a fair value for the burgeoning currency.
| Sep 19, 2013
| 12:16 PM
Not only do women face a gender gap when it comes to compensation, they lack confidence about investing the money they do earn, a new study has found.
The study, funded by Wells Fargo & Co. and released Thursday, found that 41% of affluent women were...
| Sep 3, 2013
| 7:10 AM
Three office buildings in Mission Viejo and Newport Beach have sold in two transactions that, combined, industry observers valued at more than $90 million as investor demand for Orange County commercial properties heats up.
The sales to large national...
| Dec 4, 2013
| 9:36 AM
Three of the nation's largest banks are not fully complying with new standards for dealing with mortgage customers that were agreed to as part of a $25-billion settlement of foreclosure abuse allegations, the settlement's monitor said Wednesday.
| Dec 20, 2013
In the historic Golden Dome field house in Garfield Park, bank executives and charity leaders gathered in August to trade hugs and self-congratulatory speeches.
Nonprofit groups on the West Side were helping restore communities by renovating homes...
| 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.
| Feb 24, 2014
| 7:06 AM
WASHINGTON -- Most business economists believe the Federal Reserve's controversial bond-buying stimulus program has helped boost the recovery, but differ on the effects of the healthcare reform law and other policies by President Obama and Congress,...
| Dec 21, 2013
| 12:00 PM
Wells Fargo branch manager Rita Murillo came to dread the phone calls.
Regional bosses required hourly conferences on her Florida branch's progress toward daily quotas for opening accounts and selling customers extras such as overdraft protection....
| Dec 6, 2013
| 6:10 AM
WASHINGTON -- The U.S. economy added a surprisingly strong 203,000 net new jobs last month and the unemployment rate fell to 7%, the lowest level in five years, the Labor Department said Friday.
The November figure, which beat analyst expectations of...
| 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 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...