New York sues Wells Fargo on continuing mortgage complaints

New York sues Wells Fargo on continuing mortgage complaints

ALBANY, N.Y., Oct. 2 (UPI) -- New York's top prosecutor said Wednesday he would file suit against Wells Fargo for failing to live up to a 2012 agreement meant to resolve foreclosure abuses.

Gains in home builder confidence stalls

WASHINGTON, Sept. 17 (UPI) -- A U.S. home builders confidence index fell flat in September after four months of increases, the National Association of Home Builders said Tuesday.

Richard Petty presents Marine with new house

BOLINGBROOK, Ill., Sept. 15 (UPI) -- A U.S. Marine said getting the keys to a new home in Illinois from NASCAR legend Richard Petty was still sinking in.

JPMorgan Chase drops out of student loan market

NEW YORK, Sept. 6 (UPI) -- U.S. bank JPMorgan Chase said it will exit the student loan business, where its revenues fell to less than $200 million in 2012, down from $6 billion in 2008.

Home builder survey shows rise in confidence

WASHINGTON, Aug. 15 (UPI) -- A U.S. home builders confidence index rose in August, the National Association of Home Builders said Thursday.

Home builder confidence rose in June

WASHINGTON, July 16 (UPI) -- A U.S. home builders confidence index made solid gains in July after climbing above break-even in June, a trade group said.

Masked cancer patient mistaken for bank robber

MONTEBELLO, Calif., July 1 (UPI) -- A masked man mistaken for a robber at a California bank said he is actually a cancer patient who had recently undergone chemotherapy.

Chicago tops in owner-vacated properties in foreclosure

IRVINE, Calif., June 20 (UPI) -- Chicago has the highest number of owner-vacated foreclosed properties among major U.S. cities in June, online foreclosure marketplace RealtyTrac said.

U.S. banks fall short on 29 rules in $25 billion settlement

WASHINGTON, June 19 (UPI) -- Only one of five U.S. banks involved in a $25 billion mortgage-abuse settlement had reached every goal in the agreement, an independent monitor said.

Lowe's bids on 60 Orchard Supply Hardware stores

SAN JOSE, Calif., June 17 (UPI) -- U.S. retail giant Lowe's Cos. said it would purchase the major share of a West coast hardware chain, Orchard Supply Hardware Stores, for $205 million.

Wells Fargo settles complaint alleging neglect of foreclosed homes

WASHINGTON, June 7 (UPI) -- U.S. banking giant Wells Fargo settled claims it neglected to maintain and market foreclosed homes in minority neighborhoods, an advocacy group said.

Atlanta police allege bank employee tricked woman out of $10,000

ATLANTA, May 22 (UPI) -- Atlanta police say they arrested a bank employee accused of stealing $10,000 he tricked an elderly customer into withdrawing from her account.
Home builders a bit more optimistic

Home builders a bit more optimistic

WASHINGTON, May 15 (UPI) -- Builders' confidence in the new single-family homes market rose in May, a trade group said Wednesday.
Dow Jones industrial average at record close Tuesday

Dow Jones industrial average at record close Tuesday

NEW YORK, May 7 (UPI) -- Investors in New York pushed the blue-chip Dow Jones industrial average to a record closing high Tuesday, as a six-month rally continued.
New York says two banks are violating foreclosure settlement

New York says two banks are violating foreclosure settlement

NEW YORK, May 6 (UPI) -- New York Attorney General Eric Schneiderman said two of five banks in a $25 billion settlement of foreclosure abuses repeatedly violated the agreement.
Page 3 of 8
Wells Fargo
Mary Coffin, executive vice president of Wells Fargo Home Mortgage, testifies before the House Financial Services Committee about housing foreclosures on Capitol Hill in Washington, on September 17, 2008. (UPI Photo/Roger L. Wollenberg)

Wells Fargo & Co. (NYSE: WFC) is a diversified financial services company with operations around the world. Wells Fargo is the fourth largest bank in the US by assets and the second largest bank by market cap. Wells Fargo is the second largest bank in deposits, home mortgage servicing, and debit card. It is the only bank in the United States to be rated AAA by S&P.

Headquartered in San Francisco, California (its bank, Wells Fargo Bank, N.A., is legally chartered in Sioux Falls, South Dakota), Wells Fargo is a result of a merger between California-based Wells Fargo & Co. and Minneapolis-based Norwest Corporation in 1998. The new company chose to keep the name Wells Fargo, to capitalize on the 150-year history of the nationally-recognized Wells Fargo name and its trademark stagecoach. After the merger, the company maintained its headquarters in San Francisco and charter in Sioux Falls.

As of 2009, Wells Fargo has 6,650 retail branches (called stores by Wells Fargo), 12,260 Automated Teller Machines, 276,000 employees and over 48 million customers. Wells Fargo currently operates stores and ATMs under the Wells Fargo and Wachovia names. Wells Fargo was named as "The World's Safest US Bank" based on long-term foreign currency ratings from Fitch Ratings and Standard & Poor's and the long-term bank deposit ratings from Moody’s Investors Service for the year 2007.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Wells Fargo."
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