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jpmorgan-chase
Entrepreneur
1 month ago
Business

Analyzing JPMorgan (JPM) and Wells Fargo (WFC) for March: Buy, Hold, or Sell? | Entrepreneur

The Federal Reserve is expected to cut interest rates, impacting the U.S. banking sector outlook.
Investors may wait for a better entry point in banking stocks like JPMorgan Chase and Wells Fargo amid challenges like higher deposit costs and potential loan defaults. [ more ]
www.housingwire.com
10 months ago
Real estate

Rocket sells roughly $20B in MSRs to JPMorgan Chase

Add Rocket Mortgage to the list of companies selling mortgage servicing rights (MSR) in a difficult operating environment.The Detroit, Michigan-based lender sold about $20 billion in MSRs to JPMorgan Chase in April, following a decline in its servicing book in the first quarter of 2023.The company's unpaid principal balance reached $524.8 billion as of March 31, compared to $535 billion at the end of December, according to Securities and Exchange Commission (SEC) filings.
Truthout
1 year ago
Left-wing politics

Men Dominate the Corporate World, But Replacing Them With Women Isn't the Answer

Women CEOs are becoming slightly less rare, but more women billionaires won't lead to greater equity for all.(L-R) Charles Scharf, CEO and President of Wells Fargo, Brian Thomas Moynihan, Chairman and CEO of Bank of America, Jamie Dimon, Chairman and CEO of JPMorgan Chase, Jane Fraser, CEO of Citigroup, William H. Rogers Jr., Chairman and CEO of Truist Financial Corporation, Andy Cecere, Chairman, President, and CEO of US Bancorp, and William Demchak, Chairman, President, and CEO, of The PNC Financial Services Group, are sworn in as they prepare to testify during a Senate Banking, Housing, and Urban Affairs Committee Hearing on the Annual Oversight of the Nation's Largest Banks, on Capitol Hill in Washington, DC, September 22, 2022.
HousingWire
1 year ago
Real estate

Big banks to rescue First Republic with $30B in deposits

A group of 11 U.S. banks has agreed to make $30 billion in deposits at First Republic Bank to avoid another regional bank failure.The rescue comes after Silvergate Bank, Silicon Valley Bank and Signature Bank collapsed amid a liquidity crisis caused by a deposit run."Today, 11 banks announced $30 billion in deposits into First Republic Bank.
www.nytimes.com
1 year ago
Business

Stocks Wobble as Smaller Banks Plunge on Fears of Contagion

The stocks of U.S. regional banks plummeted on Monday, as investors reassessed how much such lenders were worth following the sudden collapse of Signature Bank and Silicon Valley Bank.The volatile conditions led to trading in roughly a dozen banks being halted after triggering so-called circuit breakers, which are meant in part to prevent runaway crashes.
news.bitcoin.com
1 year ago
Business

Bank of America, JPMorgan, Wells Fargo Collaborate to Launch Digital Wallet: Report Wallets Bitcoin News

Seven major banks, including Bank of America, JPMorgan Chase, and Wells Fargo, have reportedly teamed up to launch a digital wallet that will compete with other third-party wallet providers such as Paypal and Apple Pay.Big Banks to Launch a Digital Wallet Bank of America, JPMorgan Chase, Wells Fargo, and four other financial institutions behind the payment network Zelle are collaborating to launch a digital wallet for consumers to use at online checkout, The Wall Street Journal reported Monday.
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therealdeal.com
2 months ago
LA real estate

CalSTRS scores $70M Refinance on West LA Office Building

The California State Teachers' Retirement System (CalSTRS) has received a $70 million loan to refinance its office building on Wilshire Boulevard.
Wells Fargo Bank provided the senior mortgage, and $51.5 million of the loan will be included in a commercial mortgage-backed securities (CMBS) deal. [ more ]
TipRanks Financial
3 months ago
Privacy technologies

Integral Ad Science: A Strong Buy on Emerging Catalysts Fueling Growth and Revenue Surge - TipRanks.com

Wells Fargo maintains a Buy rating on Integral Ad Science with a price target of $27.00
The launch of Meta's live feed verification is projected to have a revenue impact of $350-500 million for Integral Ad Science [ more ]
New York Post
4 months ago
NYC real estate

Wells Fargo expansion at 20 Hudson Yards continues late-year commercial lease boom

Wells Fargo has announced a 445,000 square-foot expansion at Related Companies' 20 Hudson Yards, purchasing the former Neiman Marcus floors and adjacent space.
The expansion brings Wells Fargo's total square footage in the Hudson Yards complex to 950,000 square feet. [ more ]
San Francisco
SFGATE
4 months ago
San Francisco

Bank of America shuttering nearly two dozen Bay Area branches

Bank of America is closing nearly two dozen branches in the Bay Area.
Other banks in the area are also closing multiple branches. [ more ]
SFGATE
4 months ago
San Francisco

Bank of America shuttering nearly two dozen Bay Area branches

Bank of America is closing nearly two dozen branches in the Bay Area.
Other banks in the area are also closing multiple branches. [ more ]
moreSan Francisco
SFGATE
4 months ago
SF parents

Bank of America shuttering nearly two dozen Bay Area branches

Bank of America is closing nearly two dozen branches in the Bay Area.
Other banks in the area are also closing multiple branches. [ more ]
goldman-sachs
Alleywatch
10 months ago
NYC startup

The AlleyWatch Startup Daily Funding Report: 6/15/2023

The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 6/15/2023 featuring funding details for FIA Tech, Blackbird.AI, and much more.This page will be updated throughout the day to reflect any new fundings.FIA Tech - $25.4M
FIA Tech, a tech platform for the futures industry that focuses on exchange-traded derivatives (ETD), has raised $25.4M in additional funding from investors that include Goldman Sachs, Bank of America, Citi, JP Morgan, Wells Fargo, and BNP Paribas, Barclays.
therealdeal.com
1 year ago
LA real estate

Charles Cohen's Pacific Design Center Scores $265M Refi

Charles Cohen with 8687 Melrose Avenue (MiamiFilmFestival CC BY-SA 2.0 via Wikimedia Commons, Google Maps, Getty) Billionaire developer Charles Cohen has scored a $265 million refinancing package on two buildings at his West Hollywood trophy asset, the Pacific Design Center, The Real Deal has learned.
The Real Deal Los Angeles
1 year ago
LA real estate

Blackstone Gets $2.2B Refi For Former WPT Industrial Properties

Blackstone has scored a $2.2 billion refinancing package for a portfolio of 89 industrial properties across the U.S. previously owned by WPT Industrial REIT, The Real Deal has learned.
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AdExchanger
10 months ago
Marketing tech

EU Regulator Wants To Break Up Google; Snowflake Plays Both Sides Of The TV Measurement Wars | AdExchanger

Here's today's AdExchanger.comnews round-up... Want it by email?Sign up Split Decision here.The European Commission, the executive arm of the European Union, charged Google's digital ad business with antitrust violations on Wednesday, CNBC reports.After a nearly two-year investigation, the commission found that Google's end-to-end ad platform violates EU antitrust law.
Los Angeles Times
10 months ago
Los Angeles

Ontario family finds 1 million copper pennies in the basement crawl space of 1900s-era home

John Reyes was helping his wife clean out her father's 1900s-era home about nine months ago when they stumbled upon something truly unexpected.Reyes was rummaging through the crawl space in the basement of his late father-in-law's home when he found some loose pennies held together by disintegrating paper rolls.
Los Angeles Times
1 year ago
Los Angeles

Can a TV ad starring a dachshund breathe new life into Mike Feuer's mayoral campaign?

How does a candidate polling at 2% six weeks before a mayoral primary in the nation's second-largest city make a play for attention?
www.mercurynews.com
10 months ago
East Bay (California)

San Jose residential complex pushes ahead with construction loan

SAN JOSE A portion of a residential complex in San Jose has landed a key construction loan that could help clear the way for the project to be built, public records show.The project site consists of rental apartments that are being built by Hanover Co. and for-sale townhouses that are being developed by Trumark Homes, according to Erik Schoennauer, a land-use expert who is providing consulting services.
Washington Post
1 year ago
Business

Analysis | Why Do We Make It So Easy to Steal Seniors' Money?

Regulators trying to crack down on financial fraud have certainly had their hands full lately.They notched a rare win on Dec. 20, when Wells Fargo & Co. announced it would pay $3.7 billion to settle a consumer fraud allegation by the Consumer Financial Protection Bureau - $1.7 billion as a civil penalty and $2 billion for restitution to consumers.
kvue.com
1 year ago
Austin

Austin police reporting uptick in bank jugging cases

"Jugging" is when a suspect follows a victim after they withdraw cash, then rob them.
Brownstoner
1 year ago
Brooklyn real estate

Storied Hotel Bossert Where Dodgers Partied Faces Foreclosure in Brooklyn Heights | Brownstoner

The saga of the iconic Hotel Bossert in Brooklyn Heights continues, with the owners facing foreclosure after missing mortgage payments and racking up hundreds of thousands of dollars in debt on the 113-year-old building - once touted to reopen as a luxury hotel.
The San Francisco Examiner
1 year ago
San Francisco

Climate activists call for Wells Fargo to divest from oil and coal - The San Francisco Examiner

Climate activists call for Wells Fargo to divest from oil and coal
Protesters occupied lobby, chained to stagecoach mascot
The Verge
10 months ago
Artificial intelligence

Big Tech is already warning us about AI privacy problems

So Apple has restricted the use of OpenAI's ChatGPT and Microsoft's Copilot, The Wall Street Journal reports.ChatGPT has been on the ban list for months, Bloomberg's Mark Gurman adds.It's not just Apple, but also Samsung and Verizon in the tech world and a who's who of banks (Bank of America, Citi, Deutsche Bank, Goldman, Wells Fargo, and JPMorgan).
Futurism
1 year ago
Artificial intelligence

Journalist Clones His Voice and Uses It to Break Into His Own Bank Account

Conned by a Clone
If you're not already worried about AI voice cloning, you probably should be.Testing the technology's limits, journalist Joseph Cox at Vice broke into his own bank account by using an AI-synthesized clone of his voice to prove his identity - highlighting both the technology's dangerous potential as well as the shortcomings of voice biometrics.
www.housingwire.com
11 months ago
Real estate

Fintech Maxwell acquires mortgage solutions provider LenderSelect

Wells Fargo-backed mortgage fintech Maxwell has struck a deal to acquire mortgage solutions provider LenderSelect Mortgage Group from Blue Ridge Bank.The financial terms of the transaction have not been disclosed.The deal, announced on Tuesday, expands Denver, Colorado-based Maxwell's secondary market trading platform and brings hundreds of new clients to the company's other solutions.
www.housingwire.com
11 months ago
Real estate

Blend reduces losses, delivers revenues above target in Q1

In the first quarter of the year, California mortgage technology firm Blend Labs shrunk its financial losses amid efforts to cut costs, improve the mortgage business and grow the Blend Builder platform.Blend reported a non-GAAP net loss of $35.6 million in the first quarter, compared to $49.2 million in the prior quarter and $45 million in the same period last year.
HousingWire
11 months ago
Real estate

Troubled Blend at risk of getting delisted from NYSE

California mortgage tech firm is at risk of getting delisted from the New York Stock Exchange (NYSE) as a consequence of the company's stock price slumping below $1 for more than a month.Blend announced on Thursday that it received notice on April 28 from the NYSE that it was not in compliance with the stock exchange's bylaws, which state that a company could be de-listed if its common stock traded below $1.00 for more than 30 trading days.
HousingWire
11 months ago
Real estate

Mortgage fintech Maxwell launches SSO tool for lenders

Maxwell, the mortgage fintech backed by Wells Fargo and Fin Capital, has launched Maxwell Single-Sign On, an SSO (single sign-on) tool for lenders to enhance security and reduce the risk of data breaches, the company announced on Monday.The tool is designed to address the issue of sensitive data being handled by lenders and loan officers on a daily basis, including social security numbers, paystubs, and tax returns.
HousingWire
11 months ago
Real estate

Pennymac delivers $30M profit in Q1

California-based Pennymac Financial Services reported gains in its servicing portfolio that offset losses with its origination activity in the first quarter of 2023, allowing the company to deliver an overall profit in the period.However, Pennymac's profitability declined compared to the previous quarter amid a still-challenging mortgage market.
HousingWire
1 year ago
Real estate

Judge green lights amended predatory lending suit against Wells Fargo

A federal judge in Georgia has given the green light for an amended "predatory lending" lawsuit to proceed against Wells Fargo.The lawsuit was filed under the Fair Housing Act by three counties in Georgia.The counties initially filed the lawsuit in April 2021, claiming that Wells Fargo and some of its related entities engaged in a broad predatory lending scheme that targeted minority residents in Cobb, DeKalb and Fulton counties.
www.nytimes.com
11 months ago
NYC food

Food Prices Were Flat in April, Report Shows

Food prices were flat for a second straight month in April, relief for many Americans who have faced higher costs at the grocery store in recent months.That is a big improvement from February, when prices rose 0.4 percent over the month.Prices for food at home fell 0.2 percent in April compared with the month before.
IndieWire
1 year ago
Independent films

What's the Great Netflix Password Crackdown Worth? Maybe $3 Billion

A new report from Wells Fargo suggests more Netflix password thieves will start their own accounts rather than pay to share.For Netflix, password sharing isn't cool.You know what's cool?New members.With the whole password-sharing crackdown, the streaming king may have stumbled into an greater financial windfall than it hoped.
www.indiewire.com
1 year ago
Independent films

No One Understands Why Fox and News Corp Would Recombine

Analysts at Moffett Nathanson noted they would welcome a Fox merger or acquisition "Just not like this!"
The Mercury News
1 year ago
Silicon Valley food

Danville's queen of biryani: G-Mama's Halal Indian Food

Before opening G-Mama's Halal Indian Food, Purnima Kalra had a feeling, call it a premonition, that notoriety would be hers.But it's not what you think.There was no fortune or red carpet in these visions."I used to pray that I would find a small kitchen where I could stand and cook and give food to people," says Kalra, sitting at one of the three tables in her tiny take-out joint located at 480 San Ramon Valley Blvd., on the outskirts of downtown Danville.
HousingWire
1 year ago
Real estate

With mortgage rates dropping, the conforming and jumbo loan spread narrows

The collapses of Silvergate Bank, Silicon Valley Bank and Signature Bank, the rescue of First Republic Bankand the acquisition of Credit Suisse by UBS, brought turbulence to the financial markets that led to a decline in mortgage rates - despite the Federal Reserve hiking federal funds rate by 25 basis point on Wednesday.
www.cnn.com
1 year ago
US news

Why did we get a monster jobs report if the economy is slowing?

The economy wasn't supposed to add half a million jobs in January.In fact, a consensus poll of 81 economists expected job gains to land at around 185,000, according to Refinitiv.After 11 months of aggressive rate hikes from the Federal Reserve, the experts were naturally expecting the economy's job gains to slow as higher borrowing costs percolated through the economy, slowing investment and growth and pushing companies to pull back on spending and hiring.
Washington Post
1 year ago
Business

Analysis | Starving for Yield? Check Out Money-Market Funds

If you think high-yield savings accounts offer juicy rates to park some cash, wait until you see what money-market funds are paying.Yields paid by the typically staid mutual funds, which invest mostly in short-term government bonds, spiked from 0.02% earlier this year to more than 3.6% as of early December, according to Crane Data's 100 money-market fund index.
Nytimes
1 year ago
Business

Job Market Cooled but Was Still Strong in August

Job growth slowed in August but stayed solid, suggesting that rising interest rates and fear of a possible recession are leading companies to pull back on hiring - but that the labor market recovery remains resilient.
Truthout
1 year ago
Left-wing politics

Senate Banking Committee Member Dismisses Calls for Regulations, Bankers Applaud

The American Bankers Association welcomed the Republican's defense of a 2018 law that weakened regulations.Montana Republican Sen. Steve Daines, a member of the Senate Banking Committee and a major recipient of securities industry donations, speaks on July 24, 2021, in Emigrant, Montana.William Campbell / Getty Images Republican Sen. Steve Daines of Montana garnered applause from a room full of bankers on Tuesday after he dismissed calls for tougher regulations following the collapse of Silicon Valley Bank and Signature Bank.
www.cnn.com
1 year ago
US news

JPMorgan is advising First Republic on another potential lifeline, sources say

JPMorgan Chase's investment bank has been hired to advise First Republic as the embattled regional bank tries to ease concerns about its financial condition, people familiar with the matter told CNN.First Republic's share price has plummeted 90% to record lows over the past month as investors took scrutinized lenders with a high amount of uninsured depositors a response to the collapse of Silicon Valley Bank and Signature Bank earlier this month.
Chicago Tribune
1 year ago
Chicago

State Farm, Wells Fargo plan to lay off hundreds in Illinois

State Farm and Wells Fargo are planning layoffs of employees downstate, the companies reported in mandatory state filings Tuesday.Insurance giant State Farm, which is headquartered in Bloomington, told the Illinois Department of Commerce and Economic Opportunity it would eliminate 451 positions at the end of March.
Futurism
1 year ago
Artificial intelligence

In Upcoming Court Case, AI Will Tell Defendant Exactly What to Say Via Earpiece

Artificial intelligence isn't just capable of generating a convincing college essay for you or making you look good in your next selfie - it might even help you get out of a speeding ticket in court.An AI-based legal assistant created by San Francisco-based startup DoNotPay is about to advise a defendant in court for the first time, New Scientist reports, telling them what to say throughout an entire case.
San Francisco Business Times
1 year ago
San Francisco

Investment-grade office sales in the San Francisco metro area have hit a decade-long low - San Francisco Business Times

Just three investment-grade office buildings in the San Francisco, Oakland and San Jose central business districts have traded hands so far this year, another sign of weakness for the beleaguered downtowns.With a week left in 2022, those sales - 300 Grant Ave. and 180 Townsend St. in San Francisco and 300 Frank H. Ogawa Plaza in Oakland - represent total sales volume of $296 million, a fraction of annual pre-pandemic office investment activity, according to data from real estate services firm CBRE.
SFGATE
1 year ago
San Francisco

SF legacy company just signed a big lease downtown

Google Street View While most San Francisco residents think of tech companies when it comes to anchor tenants downtown, some of the city's largest leases come from other industries.Levi Strauss & Co. just renewed a 367,000-square-foot lease at 1105 Battery St., known as Levi's Plaza, a huge win for SF's downtown amid a struggling commercial real estate sector.
sfist.com
1 year ago
San Francisco

Critical Mass Gears Up for Its 30th Anniversary Ride Friday, After Decades of Adjusting the Resistance

A new website called SFist was generally giving you friendly reminders when Critical Mass was on that particular evening.A motley crew of couriers, commuters and recreational cyclists together invented a new kind of celebratory public event, says Critical Mass co-founder Chris Carlsson in his 30-year Critical Mass retrospective essay in the Examiner.The un-catchy name would change to Critical Mass later that night, after the first ride, with the new name inspired by a scene from Ted White's 1991 underground film I had left over 200 flyers on bicycles around the city over the previous week.
HousingWire
1 year ago
Real estate

Blend focuses on tech, cost reduction as it reports $769M loss

California mortgage tech firm Blend Labs is focused on cutting costs and courting more users to its Blend Builder platform.The goal is to bring the firm to profitability after posting a net loss of $768.6 million in 2022.Blend's net loss last year is more than four times the $171.3 million loss it incurred in 2021.
www.cnn.com
1 year ago
US news

I am personally sticking with SVB.' Prominent tech figures pledge supportfor bank

After a rollercoaster week for Silicon Valley Bank's customers, some prominent voices in the tech world are now publicly saying they will keep their money with the embattled lender and they're urging others to do the same.As venture capitalists and customers of SVB, we are recommending our portfolio companies to keep or return 50% of their total capital with SVB, read a joint statement this week from a coalition of major VC firms that included Lightspeed Venture Partners, Mayfield Fund, and Upfront Ventures.
HousingWire
1 year ago
Real estate

Blend places its bets on 'composable origination' tech

In a margin-compressing environment, California mortgage tech firm Blend Labsis betting that its newly launched composable origination tech will help the firm recover from its financial losses.Available in its Blend Builder Platform, users can build their own origination products, leverage integrations, and use modular blocks to resolve the complexity of an existing technology infrastructure, the company said in an announcement about the launch on Tuesday.
www.npr.org
1 year ago
Tech industry

Startups 'on pins and needles' until their funds clear from Silicon Valley Bank

A property manager representative passes a sign at Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023.NOAH BERGER/AFP via Getty Images Lindsey Hoell set out on her fifth attempt to open a new bank account in the Bay Area on Monday.She'd been trying for days as chaos reigned across the banking system.
HousingWire
1 year ago
Real estate

Mr. Cooper sees a $1.5T MSR opportunity in 2023

"We took rapid and decisive actions last quarter to reduce capacity," Chris Marshall, vice chairman and president of Mr. Cooper, told analysts during a call."As a result, we were roughly breakeven in the fourth quarter and are now on track for positive results."Jay Bray, chairman and CEO of Mr. Cooper, said that last October, as mortgage rates were trending higher, Mr. Cooper eliminated 1,000 positions, most of them in originations.
HousingWire
1 year ago
Real estate

Deephaven Mortgage appoints Aaron Drago as new COO

Non-QM lender Deephaven Mortgage, owned by alternate investment firm Pretium, has appointed Aaron Drago as its chief operating officer."Aaron combines a depth of operational experience with a focused and disciplined approach to process optimization.This will serve Deephaven well as we scale operations to meet strong demand for our products," said Deephaven president and CEO John Keratsis in a statement.
time.com
1 year ago
Women in technology

The Pay Gap for Single Women Is Getting Worse

Never-married women are the fastest growing cohort in the labor market.Yet, as their ranks have swelled their wage gap has, too.The group's median weekly earnings are 92.1% of what men who have never married make, a new report from Wells Fargo released Wednesday found.That gap has increased from a decade ago, when they brought in 95.8% of what men did.
HousingWire
1 year ago
Real estate

Wells Fargo conducts another round of layoffs in home lending business

Wells Fargo, the largest depository mortgage lender in America,issued pink slips to employees in its home lending business on Tuesday following its decision to exit the correspondent channel."I can't provide any specifics but we announced in January strategic plans to create a more focused Home Lending business," Tom Goyda, senior vice president of consumer lending communications at Wells Fargo, said in an e-mailed response.
HousingWire
1 year ago
Real estate

Northpointe Bank to shutter its correspondent lending business

Northpointe Bank, a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business."Due to the significant contraction in the overall mortgage industry, we have made the difficult decision to exit the correspondent lending business," Chuck Williams, president and CEO, said in a statement.
HousingWire
1 year ago
Real estate

Wells Fargo cuts 140 jobs as it exits the correspondent channel

Wells Fargo cut over a hundred jobs in its mortgage division this week following its decision to exit the correspondent channel and shrink its servicing portfolio.A Worker Adjustment and Retraining Notification (WARN) filed in Illinois on January 18 outlines the bank's plan to impose layoffs that will affect 140 employees.
Faxesfromuncledale
1 year ago
Chicago Blackhawks

High On The Hog: Power Outage

The Rockford IceHogs have hit a rough patch.As the piglets prepare for three games away from the BMO Center this week, there's an issue for the team to address.It is a problem previously absent from Rockford's list this season.Namely, scoring goals.The Hogs are currently mired in a season-long four-game losing streak.
Washington Post
1 year ago
Business

Egg prices haven't come down with inflation. Here's why.

As some inflation-hiked food costs and supply chain woes have started to fall, eggs are one corner of the supermarket where prices have remained stubbornly high.Egg prices hit historic peaks ahead of the December holidays, when egg demand is at its highest.But even slight decreases in recent weeks mean shoppers in the United States started the new year facing far higher than average costs.
Washington Post
1 year ago
Business

Wells Fargo to pay $3.7 billion over actions on loans, consumer accounts

A Wells Fargo sign on Feb. 22. (Gene J. Puskar/AP)Wells Fargo will pay a $3.7 billion penalty - including $2 billion to consumers - to resolve claims that it bungled borrowers' auto and mortgage loans, charged illegal overdraft fees and seized account holders' funds, federal regulators announced Tuesday.
Washington Post
1 year ago
Business

Analysis | Jamie Dimon May Want to Send Powell a Thank-You Note

Shareholders and chiefs of America's big banks should get some thank you cards over to Jerome Powell.
Washington Post
1 year ago
Business

Unemployment rate stays steady at pandemic low of 3.6 percent

U.S. employers added 390,000 jobs in May, another month of blockbuster growth that points to sustained economic growth in the face of mounting head winds.
www.nytimes.com
1 year ago
World politics

Bank Executive Accused of Urinating on a Fellow Airline Passenger

The Indian police on Saturday arrested a top executive of a U.S.-based banking company in connection with an episode in late November in which the executive is alleged to have urinated on another passenger on an Air India flight from New York to New Delhi.The executive, Shankar Mishra who was recently fired from his job as a vice president of the Indian subsidiary of Wells Fargo faces charges under several Indian laws, including sexual harassment, obscenity and insulting the modesty of a woman.
www.mercurynews.com
1 year ago
East Bay (California)

Big San Jose office building is bought by billionaire California family

SAN JOSE  A big office building in north San Jose has been bought by a family of California billionaires in a deal worth more than $80 million, a transaction that hints at sturdy interest in Silicon Valley real estate.The office building, located at 350 Holger Way, was bought by an affiliate headed up by Stewart Resnick and his wife Lynda Resnick, Los Angeles-area billionaires who are the founders of The Wonderful Co.
Boston Condos For Sale Ford Realty
1 year ago
Boston real estate

What's ahead for Boston condo for sale prices Boston Condos For Sale Ford Realty

As the Boston condo for sale market cools in response to the dramatic rise in mortgage rates, home price appreciation is cooling as well.
Boston Condos For Sale Ford Realty
1 year ago
Boston real estate

Wells Fargo backing off the Boston condo mortgage business Boston Condos For Sale Ford Realty

Beset by scandal and a Boston condo for sale market shift, one of the country's leading mortgage players is planning on reducing its activities in the home mortgage business.
Boston.com
1 year ago
Boston

Fraud, scam cases increasing on Zelle, report from Warren's office finds

Sen. Elizabeth Warren, D-Massachusetts, a long-time critic of the big banks, requested data on fraud and scams on Zelle from seven banks starting in April.
Medium
1 year ago
Data science

Affected by Recent Tech Layoffs? These Companies are Hiring Data Scientists

You've seen for yourself online and in the news, how major tech firms are laying off staff all the time.
kvue.com
1 year ago
Austin

84 'juggings' reported in Austin so far this year

Jugging is when a person withdraws money from a bank or ATM and is followed and then targeted by thieves at a different location.
kvue.com
1 year ago
Austin

Austin police report case of jugging that led to a violent attack at victim's home

The incident comes less than two months after APD said there were at least 61 jugging incidents between January and July.
IPWatchdog.com | Patents & Patent Law
1 year ago
Intellectual property law

Third Circuit Says Patent Owner Failed to Show Banks Control Askeladden, So No Breach of Contract

"Although it agreed the timing of Askeladden's challenge to the patent was 'suspicious,' it also agreed 'that the LLC Agreement actually shows that the Banks do not control which patents Askeladden challenges.'"
Chicago Tribune
1 year ago
Chicago

JW Marriott foreclosure auction could be a broader sign of distress for the downtown hospitality industry

Wells Fargo Bank took control of the 610-room JW Marriott Chicago hotel Friday morning with a winning bid of nearly $251 million during a foreclosure auction.
the Guardian
1 year ago
World news

Wells Fargo employees pushing to organize union across bank's workforce

Workers at Wells Fargo, the third largest bank in the US, are pushing to organize a union across the bank's workforce with Wells Fargo Workers United, a campaign with the Committee for Better Banks, which successfully won the first union contract in the banking industry in 40 years at Beneficial Bank in 2021.
San Francisco Bay Times
1 year ago
SF LGBT

GGBA Ambassadors Committee Kick-Off Party & Mega Make Contact - San Francisco Bay Times

Photos by Rink San Francisco Bay Times lead photographer Rink has been documenting activities of the Golden Gate Business Association (GGBA) since the organization's founding in 1974.
Nytimes
1 year ago
Television

Netflix is set to report its earnings today: Here's what to expect.

Despite adding over eight million subscribers during its fourth-quarter earnings report last year, Netflix saw its stock plummet more than 20 percent in January after announcing that it expected growth to slow in the first quarter because of rising subscriber prices and highly anticipated content that wouldn't arrive until March.
SFGATE
2 years ago
SF real estate

What Is a Jumbo Loan, and Do You Need One Today?

At first glance, a jumbo loan seems self-explanatory: It's a great, big loan, right?Essentially, that's true.
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