Topic - Wells Fargo

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  Government announces $25 billion deal on mortgage abuses

  The Obama administration and 49 states announced on Thursday a record $25 billion mortgage settlement with the nation's five largest banks - the president's latest attempt to help homeowners and halt the still-sagging housing market's drag on the economy.

• Settlement nears on making banks reduce loans

  California and New York, the key holdouts in a long-awaited settlement over foreclosure abuses, moved closer Monday to backing a deal that would force the five largest mortgage lenders to reduce loans for about 1 million households.

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  Jobless rate has fallen because of dropouts

  The big drop in the unemployment rate in recent months came at a fortunate time for President Obama, but economists say it as much because of young people dropping out of the labor market as it is the result of businesses adding jobs.

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  $25B nationwide mortgage deal goes to states

  The nation's five largest mortgage lenders have agreed to overhaul their industry after deceptive foreclosure practices drove homeowners out of their homes, government officials said Monday.

• Giant lenders near overhaul on practices

  The nation's five largest mortgage lenders have agreed to overhaul their industry after deceptive foreclosure practices drove homeowners out of their homes, government officials said Monday.

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  Occupy protesters block banks in San Francisco

  At least a dozen people were arrested Friday during an anti-Wall Street protest in downtown San Francisco, mostly for blocking an entrance at a bank's corporate headquarters.

• VERSACE: Expectations game plays out in quarterly reports

  Earlier this week I received an email from a Washington Times reader asking, "With a number of companies set to report their full year 2011 results in the next few weeks and Europe back in the news, what are you watching out for in the marketplace?"

• Economy Briefs

  U.S. home builders are growing a little less pessimistic about the depressed housing market after seeing more people say they might be open to buying a home this year.

• Kenyan activist launches anti-bribe website

  One Kenyan had to pay a $24 bribe to a traffic cop for speeding _ but then successfully argued that $8 of it should be returned so he could have something left to pay bribes farther down the road.

• Glover hurts knee in ocean, season opener in doubt

  Lucas Glover sprained his right knee in a freak paddle board accident and might not be able to start his season at the Tournament of Champions.

• Economy Briefs

  The Federal Reserve on Tuesday moved to toughen capital requirements for the country's largest banks, saying their size and stretch could threaten the overall financial system.

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  Economy Briefs

  Wells Fargo will pay $148.2 million to settle federal and state charges that it rigged dozens of bidding competitions to win business from cities and counties.

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  Future of eurozone looks bleak to some

  It still seems unthinkable to most Europeans, but a growing number of outside analysts and investors believe the eurozone is headed toward a breakup as fast-moving market turmoil and a looming recession threaten to overwhelm the slow-motion response of European leaders.

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  Turnover-prone Mason suffers 68-48 loss at Virginia

  Virginia's defense owns a well-earned reputation for extending possessions and generally making life miserable for opponents. It certainly doesn't need much help.

• 15 states feel Europe's economic pain

  The European recession will have little impact on the District of Columbia, but it could hit states particularly hard that rely on exports and tourism.

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