Stories tagged: banking
Thu., May 25, 2017, 7:16 a.m.
Average U.S. 30-year mortgage rate falls to 3.95 percent, a 2017 low
Long-term U.S. mortgage rates fell this week to their lowest levels of the year. The benchmark 30-year rate dipped below the key 4 percent mark.
UPDATED: Wed., May 24, 2017, 10:44 p.m.
Federal student aid chief quits, warning of management issues under DeVos
The Education Department’s top student financial aid officer, a holdover from the Obama administration, quit the position Tuesday night and sent an email to his staff warning about brewing management …
UPDATED: Mon., May 22, 2017, 6:12 p.m.
Credit cards give investors jitters, but bankers sleep fine
For Kevin St. Pierre, the math on credit cards is pretty simple. “Generally, if the consumer has income, they pay their debts,” St. Pierre, an analyst at Sanford C. Bernstein, …
Fri., May 12, 2017, 12:26 p.m.
Wells Fargo may have created 1.4 million more unauthorized accounts than estimated, attorneys say
Wells Fargo & Co. may have opened as many as 3.5 million unauthorized checking, savings and credit card accounts over the past 15 years, far more than the bank and …
Thu., May 11, 2017, 8:04 a.m.
Mortgage rates edge higher but remain within a narrow band
Mortgage rates wandered higher again this week after a brief slip but remain within a narrow band.
Tue., May 9, 2017, 7:52 a.m.
Wells Fargo said to explore sale of insurance brokerage unit
Wells Fargo is weighing a sale of its insurance brokerage business, which could fetch about $2 billion, people familiar with the matter said.
Tue., May 2, 2017, 7:57 a.m.
GOP targets Dodd-Frank law enacted after 2008 financial meltdown
Republicans who eagerly awaited a GOP president so they could take a heavy knife to many of the regulatory requirements for banks, insurers and other financial institutions finally get their …
Mon., May 1, 2017, 9:34 a.m.
Supreme Court says cities can sue big banks over housing bubble damages
The Supreme Court ruled Monday that cities may sue big banks over allegedly discriminatory lending practices that they say led to urban blight, but added that they must meet higher …
Sun., April 30, 2017, 5:59 a.m.
Front & Center: Financing the future of food, forestry and fishing
Phil DiPofi,the CEO and president of Northwest Farm Credit Services, has been in banking since 1989 but never considered himself a banker. “I’ve always thought of bankers as stiff, bureaucratic, …
Wed., April 26, 2017, 11:03 a.m.
Low interest loans available to area producers
The U.S. Department of Agriculture Farm Service Agency announced Tuesday that physical loss loans are available in numerous counties throughout the Northwest, including Latah and Whitman counties.
Wed., April 26, 2017, 7:54 a.m.
GOP bid to gut Dodd-Frank renews debate over breaking up banks
The roll-out of legislation this week that would rip up much of the Dodd-Frank Act marks a pivotal moment for Republicans’ efforts to overhaul post-crisis financial rules.
Tue., April 25, 2017, 8:34 a.m.
Wells Fargo faces shareholders, protesters at annual meeting
Wells Fargo’s top management and board of directors apologized to investors and faced a series of protesters Tuesday at the first big shareholder meeting since a scandal over sales practices …
UPDATED: Mon., April 24, 2017, 6:09 p.m.
Washington Federal, with 10 area branches, marks 100 years in business
Washington Federal marked 100 years in business Monday.
Tue., April 18, 2017, 5:33 a.m.
Wells Fargo CEO, chairman buy $5 million of stock after review
Wells Fargo & Co. Chief Executive Officer Tim Sloan and Chairman Stephen Sanger bought more than $5 million of the company’s stock a week after the board published a report …
Mon., April 17, 2017, 11:05 a.m.
Woman wearing pajama bottoms robs 6 banks, police say
Police have arrested a Utah woman believed to be the pajama-wearing robber in at least six bank robberies in the Salt Lake City area, including five in less than two …
Thu., April 13, 2017, 7:53 a.m.
Mortgage rates fall to their lowest levels of the year
According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average slipped to 4.08 percent with an average 0.5 point. (Points are fees paid to a lender …
UPDATED: Mon., April 10, 2017, 5:29 p.m.
Wells Fargo claws back $75 million from top bosses in sales scandal
An investigation into sales practices at Wells Fargo released Monday has blamed the bank’s top management for creating an “aggressive sales culture” that led to a scandal involving millions of …
UPDATED: Fri., April 7, 2017, 8:17 p.m.
Advisory firm: Vote out most of Wells Fargo’s board
An influential firm that advises big shareholders says the majority of Wells Fargo’s board of directors should be removed at the bank’s annual shareholders meeting later this month, accusing the …
Thu., April 6, 2017, 8:54 a.m.
Average 30-year mortgage rate falls to 4.10 percent
Long-term U.S. mortgage rates fell this week for a third straight week, approaching their low points for the year.
Tue., April 4, 2017, 8:56 a.m.
Missoula to pull $2.6 million from Wells Fargo accounts over oil pipeline investments
The Missoula City Commission has voted to pull $2.6 million of the city’s money from Wells Fargo accounts because the bank is invested in the Dakota Access Pipeline and because …
UPDATED: Fri., March 31, 2017, 8:37 p.m.
Dutch authorities carry out raids in tax evasion probe
Dutch authorities have carried out raids in multiple countries in an investigation into dozens of people suspected of tax evasion and money laundering via an unidentified Swiss bank.
Fri., March 31, 2017, 8:23 a.m.
South Africa faces turmoil after firing of finance minister
South Africa faced political and financial turmoil on Friday after President Jacob Zuma fired the finance minister in a Cabinet reshuffle, intensifying a rift in the party that took power …
Thu., March 30, 2017, 7:53 a.m.
Average 30-year mortgage rate slips to 4.14 percent
Long-term U.S. mortgage rates fell this week for a second straight week, slipping further from their highest levels of the year reached two weeks ago.
UPDATED: Tue., March 28, 2017, 7:35 p.m.
Wells Fargo to pay $110 million to settle fake account suit
Wells Fargo has agreed to pay $110 million to settle a class-action lawsuit over up to 2 million accounts its employees opened for customers without getting their permission, the bank …
UPDATED: Thu., March 23, 2017, 5:45 p.m.
U.S. probe of ex-Trump campaign chief Paul Manafort extends to Cyprus
U.S. Treasury Department agents have recently obtained information about offshore financial transactions involving President Donald Trump’s former campaign chairman, Paul Manafort, as part of a federal anti-corruption probe into his …
Thu., March 23, 2017, 7:40 a.m.
Average 30-year mortgage rate slips to 4.23 percent
Long-term U.S. mortgage rates slid this week from their highest levels of 2017.
Fri., March 17, 2017, 12:05 p.m.
Wells Fargo CEO: Fixing fake accounts will take more time
Wells Fargo CEO Tim Sloan said the company could need several more months to resolve customer damage tied to its massive sales practices scandal, such as figuring out if people …
Sat., March 11, 2017, 1:58 p.m.
Women now rule banking in Thailand
As one of four presidents at Thailand’s biggest lender, Kasikornbank, Kattiya Indaravijaya often conducts interviews for senior positions. The job candidates are impressive. And almost always, they’re women.
UPDATED: Thu., March 9, 2017, 10:33 a.m.
Trump promises community bankers he will ease regulations
President Donald Trump assured a group of U.S. community bank executives he’ll deliver regulatory changes that will make it easier for them to lend money.
Fri., March 3, 2017, 8:07 a.m.
Yellen to speak after Fed officials hint rate hike is near
One by one, several Federal Reserve officials have signaled in recent days that the Fed is ready to resume raising interest rates as soon as this month. The question is …