SPRINGFIELD, Ill. (AP) — Illinois state Treasurer Michael Frerichs suspended $30 billion in state investment activity with Wells Fargo on Monday, joining a swelling chorus of outrage over the scandal that saw bank employees opening millions of phony accounts to ...
Tagged with: Wells Fargo
Read More »WASHINGTON (AP) — U.S. builders trimmed spending on construction projects in August for a second straight month with housing, non-residential and government activity all seeing declines. Construction spending dropped 0.7 percent in August after a 0.3 percent slip in July, ...
Tagged with: construction
Read More »BALTIMORE (AP) — In the 1500 block of McKean Ave., on the western edge of Sandtown, men and women of the early 21st century pull apart what workers of the late 19th century built with masonry and lumber: the two-story ...
Tagged with: Baltimore
Read More »LOS ANGELES (AP) — U.S. Bank has agreed to pay $13.5 million to settle Los Angeles city allegations that it let 170 foreclosed homes fall into decay. The city attorney’s office announced the lawsuit settlement Thursday. In the wake of ...
Tagged with: U.S. Bank
Read More »FRANKFURT, Germany (AP) — Germany’s biggest bank is looking shaky and some investors fear it could collapse and endanger the wider financial system. Some even wonder whether it might become the next Lehman Brothers, the U.S. bank whose failure heralded ...
Tagged with: banking Deutsche bank
Read More »WASHINGTON (AP) — Long-term U.S. mortgage rates slipped this week to the lowest level since mid-July. Mortgage giant Freddie Mac says the average for a 30-year fixed-rate mortgage dropped to 3.42 percent, down from 3.48 percent last week. The benchmark ...
Tagged with: 30-year home mortgage rate
Read More »BILLINGS, Mont. (AP) — A U.S. judge has ordered a former luxury real estate mogul to pay $286 million to the creditors of a Montana club for the ultrarich that he is accused of fleecing for personal gain before driving ...
Tagged with: real estate scam
Read More »WASHINGTON (AP) — Angry lawmakers heaped another round of blistering criticism on Wells Fargo’s CEO, pressing Thursday for details about what senior managers knew about allegedly illegal sales practices and when any concerns were disclosed. Chief Executive John Stumpf, newly ...
Tagged with: Wells Fargo
Read More »WASHINGTON (AP) — Federal Reserve Chair Janet Yellen, who has been in the hot seat over the central bank’s interest-rate policy, now has another headache: Wells Fargo. Yellen is likely to face sharp questions from a House committee Wednesday over ...
Tagged with: Federal Reserve
Read More »NEW YORK (AP) Tribune Media has completed the sale of several real estate assets, including the Tribune Tower in Chicago. The Chicago-based company announced last month that it was selling the 1925 neo-Gothic tower to CIM Group. The sale is ...
Tagged with: Tribune Tower
Read More »
Mecklenburg Times: News for Mecklenburg, Union and Iredell counties Real Estate, Development, Construction, and Community News in the Charlotte area and throughout Mecklenburg, Union and Iredell counties
