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In Calif. short sales surpass foreclosures

LOS ANGELES, Jan. 9 (UPI) -- Home foreclosure sales in California, a staple since the housing bubble collapsed, are now running second to short sales, figures show.

Iran suspected of online bank attacks

WASHINGTON, Jan. 9 (UPI) -- U.S. government officials suspect Iran was behind a wave of online attacks carried out against American banks in recent weeks, a security expert said.

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Markets stumble ... Fed settles mortgage abuse with 10 banks ... Holiday hiring highest since 2006 ... Crude oil stalls at $93 per barrel ... News from United Press International.

Fed settles mortgage abuse with 10 banks

WASHINGTON, Jan. 7 (UPI) -- The U.S. Federal Reserve said 10 banks agreed to pay $8.5 billion to close down a foreclosure fraud and lending abuse review.
New bill, old dodge

New bill, old dodge

As would be expected, banking giant Goldman Sachs Group revealed in a regulatory filing that it had sneaked some payments in under the wire in December.
ANTHONY HALL, United Press International

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Dow climbs 2.3 percent, S&P up 2.5 percent ... 'Field of Dreams' movie site sold ... Government clamping down on settlements ... Goldman Sachs pays ahead of new tax punch ... News from United Press International.

Government clamping down on settlements

WASHINGTON, Jan. 2 (UPI) -- Federal agencies have begun to pay more attention to punitive settlements with corporations to ensure they are not used as U.S. tax write-offs, a study says.

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Markets close out 2012 with a bounce ... Banks close to $10B foreclosure settlement ... Britain's EU membership revisited ... Survey measures airlines on rudeness ... News from United Press International.

Banks close to $10B foreclosure settlement

WASHINGTON, Dec. 31 (UPI) -- Banking regulators are close to signing a $10 billion deal with 14 banks to settle charges of foreclosure abuses, sources told The New York Times.
The Year in Review: 2012: The U.S. Economy -- deja vu all over again

The Year in Review: 2012: The U.S. Economy -- deja vu all over again

For all intents and purposes, the U.S. economy was a magic act in 2012, which is to say it was nearly impossible to say exactly what was keeping it afloat.
ANTHONY HALL, United Press International

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Markets close higher ... S&P lifts Greek credit rating six notches ... AA tells pilots to expect growth ... Home builder confidence rose in December ... News from United Press International.

Home builder confidence rose in December

WASHINGTON, Dec. 18 (UPI) -- U.S. builders' confidence in the market for new single-family homes rose for the eighth consecutive month in December, a trade group said Tuesday.

More banks refuse California IOUs

SACRAMENTO, July 11 (UPI) -- Four major banks, including Bank of America Corp., say they stopped accepting IOUs Saturday from the cash-strapped state of California.
Banks set deadline for California's IOUs

Banks set deadline for California's IOUs

SACRAMENTO, July 10 (UPI) -- Several major U.S. banks said Friday would be the last day they would honor IOUs issued by the state of California.
Wells Fargo expects $3B first quarter gain

Wells Fargo expects $3B first quarter gain

SAN FRANCISCO, April 9 (UPI) -- U.S. bank Wells Fargo & Co. said Thursday it expected to post a record first quarter profit of $3 billion, due in part to its purchase of Wachovia Corp.
Wells Fargo tabs Wachovia executives

Wells Fargo tabs Wachovia executives

SAN FRANCISCO, March 25 (UPI) -- Wells Fargo & Co. has gone to the Wachovia well again for executives to beef up the management of its investment banking and capital markets group.

More job cuts at Wells Fargo & Co.

CHARLOTTE, N.C., March 5 (UPI) -- Wells Fargo & Co. has begun eliminating jobs in Charlotte, N.C., as it proceeds with its takeover of Wachovia Corp., company workers said.

Suit calls lending discriminatory

BALTIMORE, Jan. 29 (UPI) -- City of Baltimore attorney John Relman said in federal court that Wells Fargo & Co. targeted black neighborhoods for risky, subprime mortgages.

Wells Fargo completes Wachovia Corp. deal

SAN FRANCISCO, Jan. 1 (UPI) -- San Francisco bank Wells Fargo & Co. said it had closed on its purchase of Wachovia Corp., making it the fourth-largest U.S. bank measured by assets.
Judge rejects Wachovia lawsuit

Judge rejects Wachovia lawsuit

CHARLOTTE, N.C., Dec. 6 (UPI) -- A North Carolina judge has rejected a lawsuit filed by a Wachovia shareholder seeking to block the bank's sale to Wells Fargo.

Lawsuit seeks to block Wachovia deal

CHARLOTTE, N.C., Nov. 23 (UPI) -- Shareholders who oppose Wachovia's purchase have filed a class-action lawsuit to block Wells Fargo's impending purchase of the bank.

Wells Fargo raises $11 billion, but ...

SAN FRANCISCO, Nov. 7 (UPI) -- Wells Fargo & Co. issued 407.5 million new shares at discount prices, raising $11 billion in fresh capital to help finance the purchase of Wachovia Corp.

Wells Fargo will downsize Wachovia

SAN FRANCISCO, Nov. 6 (UPI) -- Wells Fargo will downsize several of North Carolina bank Wachovia Corp.'s businesses, Chief Financial Officer Howard Atkins said.
Wachovia posts $24B in 3rd-quarter losses

Wachovia posts $24B in 3rd-quarter losses

CHARLOTTE, N.C., Oct. 22 (UPI) -- Wachovia, soon to be swallowed by Wells Fargo, revealed Wednesday just how deep the red ink is at the North Carolina bank -- $24 billion in the third quarter.

JP Morgan Chase and Wells Fargo defy odds

NEW YORK, Oct. 15 (UPI) -- U.S. financial giants, JP Morgan Chase and Wells Fargo both beat expectations with stronger-than-expected third quarter performances, the companies said.
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