by Ryan Smith17 May 2018 One of the nation’s largest banks will be handing about 260 mortgage professionals their walking papers in July. U.S. Bank – the nation’s fifth-largest bank, with $462 billion in assets – will eliminate the jobs starting in July as it closes a mortgage and consumer banking office in Bedford, Ohio. …
Another week, another reason for Wells Fargo execs to reach for the antacid. In the latest in a series of scandals for the embattled bank, an internal investigation found that some Wells Fargo employees were altering documents about business customers – raising concerns about the effectiveness of the banks’ internal checks. The alterations took place …
Wells Fargo investigation raises concerns about internal controls Read More »
by Francis Monfort22 May 2018 A $57 billion increases in mortgage balances drove the first-quarter increases in total household debt, according to the Quarterly Report on Household Debt and Credit released by the Federal Reserve Bank of New York. Household debt totaled $13.21 trillion in the first quarter, an increase of $63 billion, or 0.5%, …
