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Wells Fargo

A collection of news and information related to Wells Fargo published by this site and its partners.

Top Wells Fargo Articles

Displaying items 89-99
  • Household debt rises at fastest pace since global financial crisis

    Household debt rises at fastest pace since global financial crisis
    Families boosted their borrowing late last year at the fastest pace since the global financial crisis, a sign that Americans are gradually reopening their wallets as they feel more secure in their jobs. Household debt jumped $241 billion to $11.5...
  • Owners again borrowing against homes as housing market recovers

    Owners again borrowing against homes as housing market recovers
    Retired aerospace engineer Owen Klasen was rejected last year when he sought a second mortgage to paint and re-roof his house. Home prices hadn't risen enough, the loan officer told him. But last month, the same loan officer offered him more than...
  • The power brokers of tomorrow?

    The power brokers of tomorrow?
    On the third Thursday night of most months, a select Orange County venue fills with an array of people in heels, loafers, dresses and suits. It's called a "schmoozer," and the attendees arrive prepared to network, handing over a donation to the...
  • Wells Fargo's pressure-cooker sales culture comes at a cost

    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....
  • Three Orange County office buildings sold as market picks up

    Three Orange County office buildings sold as market picks up
    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...
  • Three large banks not fully complying with mortgage settlement changes

    Three large banks not fully complying with mortgage settlement changes
    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. In...
  • Times investigation of Wells Fargo culture provokes strong reaction

    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. The Times...
  • Treasury warns default could cause worse financial crisis than 2008

    Treasury warns default could cause worse financial crisis than 2008
    WASHINGTON -- A federal government default caused by a failure to raise the debt limit could trigger a worse financial crisis than in 2008, the Treasury Department said Thursday in a report designed to pressure Congress to act before the Oct. 17 deadline....
  • Economy adds 203,000 jobs in November; unemployment rate drops to 7%

    Economy adds 203,000 jobs in November; unemployment rate drops to 7%
    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...
  • The rich are different -- they still get interest-only mortgages

    The rich are different -- they still get interest-only mortgages
    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...
  • Delinquent consumer loans at record lows on bank balance sheets

    Delinquent consumer loans at record lows on bank balance sheets
    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...