Wells Fargo Unit's Leader Departs With $125 Million After Bank Incurs Record Fine

Wells Fargo Unit's Leader Departs With $125 Million After Bank Incurs Record Fine

A federal agency used her Wells Fargo unit as a cautionary tale, imposing the largest fine it's ever levied. Her bank fired some 5,300 employees for
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Fed Proposes Ban on Merchant Banking, a Practice With Little Risk

The Federal Reserve has taken dead aim on merchant banking, proposing to ban the practice as part of a “take no risk” regulation strategy. Merchant
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Margin Program

Global Banking and Markets has helped the Bank deliver excellent returns to shareholders and build one of the strongest capital bases in the
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Stumpf, the Mr. Clean of Banking, Finds Himself Mired in Scandal

Lloyd Blankfein had his Abacus. Jamie Dimon had his Whale. Now John Stumpf, the Mr. Clean of American banking, is getting a scandal of his own.
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Better Buy: Wal-Mart Stores, Inc. vs. Lowe's Companies, Inc.

After all, the home improvement market has strong fundamentals, including housing formation and home prices, that point to years of continued
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Blackstone Mortgage Trust Declares $0.62 per Share Dividend

New York, NY – September 13, 2016 – Blackstone Mortgage Trust, Inc. (NYSE: BXMT) today declared a dividend of $0.62 per share of class A
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Why mortgage financing contributes little to GDP – Brent

He said, “Our findings reveal that dearth of market-focused mortgage products is partly responsible for the low contribution of mortgage financing to the
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Charlotte exec's new assignment: Repair Wells Fargo's banking image

The executive charged with repairing Wells Fargo's tarnished retail banking reputation is a former Wachovia and First Union veteran Mary Mack.
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Wells Fargo loses status as world's most valuable bank

Wells Fargo has lost its status as the world's most valuable bank after it set out plans to scrap sales targets for branch staff, highlighting the scale of the
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Mortgage customers could broker own home loan with Westpac investment in fintech firm uno

A mortgage specialist speaks with clients at a JPMorgan Chase foreclosure consultation event in New York, in this March 31, 2011 file photo.
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