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Wells Fargo to pay $175M in settlement over loan bias

LOS ANGELES - No 1. home lender Wells Fargo & Co. has agreed to pay at least $175 million to settle federal allegations that it systematically overcharged minorities during the frenzied housing boom, including steering African-Americans and Latinos into more expensive subprime mortgages.

July 13, 2012 12:00 amLoading…

Bank of America preparing to slash 40,000 jobs

Bank of America Corp. is preparing to cut 40,000 or more jobs nationwide, a dramatic retrenchment that reflects the deepening woes of the country's largest bank and the magnitude of the U.S. economic slowdown.

September 12, 2011 12:00 amLoading…

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