The announcement that Wells Fargo (NYSE:WFC) will be adding 1,400 brokers to their work force on the surface seems to be a nod toward significant growth prospects and an aggressive expansion into the sector, but the reality is, according to normal practices of financial institutions, this is more of a replenishing of workers than anything [...]

U.S. District Judge Jed Rakoff said Monday that he will decide by the end of next week whether or not to reject the latest settlement between Bank of America (NYSE: BAC) and the Securities and Exchange Commission in regard to its 2009 acquisition of Merrill Lynch.  The settlement calls for Bank of America to pay [...]

Zopa, a peer-to-peer lending company that operates in the United Kingdom, Italy, and Japan, announced that they have originated £3.81 million in new peer-to-peer loans during the month of January and are on pace to originate over £50 million in new loans during 2010.
On the company’s blog, Zopa said that, “In January, we disbursed £3.81 [...]

According to a new FT Report, Citigroup is in talks with private equity groups and hedge funds to sell $3 billion worth of car loans as part of its ongoing efforts to slim-down and eliminate billions of dollars in troubled assets from its balance sheets.
Citigroup may have a difficult time finding a buyer, however. The [...]

Based on the performance of J.P. Morgan Chase (NYSE:JPM) during the recession, where  Chief Executive Officer Jamie Dimon led them to a profit every quarter, he was awarded with a bonus worth $17 million for 2009, none of it being cash.
This was down by over $10 million from the $27.8 million Dimon received in 2007 [...]

Wells Fargo & Co. (WFC) finds themselves at the epicenter of a problem that continues to vex homeowners in this fragile economy.
At issue are tens of thousands of customers with adjustable-rate mortgages who have seen their monthly payments spike or stay high even while other homeowners are seeing their payments fall.
In some cases, homeowners using [...]