US Bank Earnings Rose 21 Percent in Q2, Lending Up
U.S. bank earnings rose 21 percent in the April-June quarter and lending to consumers increased, adding to evidence that the industry is strengthening four years after the financial crisis.
Wells Fargo Bank
The Risks of the Mortgage Mess: The Banks' View
HSBC got plenty of attention when it disclosed that it had suspended foreclosures in its annual report Monday. But its not the only bank whose annual report made for interesting reading. The risk disclosures in banks' annual reports shed some light on their attitudes toward the mortgage mess.
Why Paperwork Matters: Consider This Mortgage Mess
A U.S. bankruptcy court judge in New York wants officials from HSBC and Litton Loan Servicing to appear in her courtroom next month -- to explain their failure to provide adequate documentation concerning how HSBC wound up claiming to hold a mortgage that's involved in a bankruptcy case.
Making Mortgage Mods Permanent: Case Studies in Frustration
If struggling homeowners can make trial modified mortgage payments, the next logical step, it seems, would be to make the modifications permanent. Sadly, however, this is a rare occurrence. Follow the stories of three families as they wrestle with the foreclosure process.
Will Banks Start Raising Dividends Soon?
The Federal Reserve may soon start letting some banks boost their dividends again, according to The Wall Street Journal. If that happens, it would signal that regulators have become comfortable enough with the new financial rules to let institutions hike shareholder payouts.
Wells Fargo Admits to Thousands of Foreclosure Mistakes
Wells Fargo has admitted it made mistakes in the paperwork for thousands of foreclosure cases. The company has promised to fix the mistakes by refiling documents in 55,000 cases by mid-November. But the bank says it has no plans to stop foreclosures.
