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Big Banks Sued for Allegedly Bilking Veterans, Taxpayers

...litigation on the way for the nation's biggest banks. [IMAGE] The suit levels charges against lenders like ""Bank of America"":https://www.bankofamerica.com/, ""JPMorgan Chase"":http://www.jpmorganchase.com/corporate/Home/home.htm, ""Wells Fargo"":https://www.wellsfargo.com/, and numerous others with ""engage[ing] in...

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Rumored Europe Relief Sends Up Shares for Lenders

...according to ""CNN"":http://money.cnn.com/2011/09/26/markets/markets_newyork/index.htm. The news service found investors rallying around Bank of America, ""Citigroup"":http://www.citigroup.com/citi/homepage/, JPMorgan, ""Goldman Sachs"":http://www2.goldmansachs.com/, and ""Wells Fargo"":https://www.wellsfargo.com/. At end of day, the Dow boasted a 272.38-point surge,...

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Economic Worries Trample on New-Home Sales Over August

...construction, with a ""RealtyTrac report"":http://www.realtytrac.com/content/press-releases/august-2011-us-foreclosure-market-report-6836 recently revealing a 7-percent month-over-month uptick over August as foreclosures rose to 228,098 from July. Tellingly, a ""National Association of Home Builders/Wells Fargo index"":http://www.nahb.org/news_details.aspx?newsID=13446 released...

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Analysts: Mortgage Rates Stay Low, Likely to Fall Further

...for households, a 5-percent ""decline"":https://themreport.com/articles/after-irene-housing-starts-fall-5-from-july-2011-09-20 in annual rates for new housing starts, and shaky homebuilder confidence, as more recently reported by the National Association of Home Builders/Wells Fargo Housing Market...

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Dodd-Frank Cheered, Jeered, as Moody’s Downgrades Big Banks

...""Bank of America"":https://www.bankofamerica.com/, ""Citigroup"":http://www.citigroup.com/citi/homepage/, and ""Wells Fargo"":https://www.wellsfargo.com/ Wednesday afternoon, citing concerns that the federal government may not rush to pick up their remains and bail out the institutions in another...

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Turmoil Continues in the CMBS Market

...banks were already gearing up to unload nearly $5 billion in CMBS bonds as the credit markets declined. Sales initiatives from Goldman Sachs Group Inc, Citigroup Inc., BAC, Wells Fargo...

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Banks Lose Big Over Bad MBS, Numerous Suits

..._Bloomberg_ ranked several other lenders after, with ""JPMorgan Chase"":http://www.jpmorganchase.com/corporate/Home/home.htm suffering a $16.3-billion hit and ""Wells Fargo"":https://www.wellsfargo.com/ oozing $5.09 billion as a result of securitized loans that went bust during the...

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Latest Suit Adds to MBS Woes for JPMorgan Chase

In another twist for the nation's largest mortgage lenders, ""Wells Fargo"":https://www.wellsfargo.com/ upped the ante against ""JPMorgan Chase & Co."":http://www.jpmorganchase.com/corporate/Home/home.htm by filing a suit in a Delaware court to order the...

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Mega Banks Team Up to Give Homes to Vets

...& Co."":http://www.jpmorganchase.com/corporate/Home/home.htm, ""Wells Fargo"":https://www.wellsfargo.com/, and ""Bank of America Corp."":https://www.bankofamerica.com/ are making donations to provide seven mortgage-free homes to American soldiers hurt in the line of duty in Iraq and Afghanistan....

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