Wells Fargo

After the Justice Department announced a $175 million settlement with Wells Fargo for alleged discrimination against thousands of African American and Hispanic borrowers, the bank looks to cease operations with independent mortgage brokers, whom they blame for the prejudicial lending.

The two major banks beat expectations with JPMorgan reporting a $5.4 billion profit last quarter, and Wells Fargo making a $4.2 billion profit. Both said an uptick in mortgage lending helped their bottom lines.

Turns out American banks are in a much better position financially than we thought.

Wells Fargo announced a 20 percent yearly profit today, making money on its mortgage business. But Citigroup stumbled as trading revenue dips for stocks and bonds.

Wells Fargo and Citigroup reported earnings today, and both were doing well until October, when Europe's debt crisis started to take its toll.

The U.S. Labor Department this morning announced weekly jobless claims fell to 383,000, the lowest level in nearly three years....

Federal agencies are beginning to shape the rules under Congress's financial overhaul, also known as the Dodd-Frank law. Regulators want to require...

Wells Fargo will re-file 55,000 problematic foreclosure documents, but will not issue a blanket moratorium. Today, we learned that the number of...