Wells Fargo will lay off about 150 workers in the Charlotte area and 48 in Raleigh as the company's home mortgage refinancing business slows.Read More »
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One Wells Fargo Center, which was taken off the market after a deal to purchase it collapsed in July, could be up for sale again as soon as January, according to Hal Kempson, director of capital markets for CBRE. "Childress Klein will decide upon the first of next year (when) they'll do it," Kempson said Tuesday. "One Wells Fargo is going to go back up for sale."
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In the second quarter, Bank of America and Wells Fargo abandoned a combined 197,820 square feet of uptown office space, according to Karnes Research. The good news for tenants is that, according to industry officials, rents haven’t been impacted by the BofA and Wells Fargo vacancies.Read More »
When the nation’s largest banks, including Bank of America and Wells Fargo, reached a $25 billion settlement with state attorneys general from 49 states this month, some saw it as a way to address the foreclosure crisis. But some say the most remarkable thing about the settlement might be the parts of the foreclosure crisis it ignored.Read More »