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American companies promising to hire more Black employees in leadership roles and teach their workforce about racism are getting a message from President Donald Trump’s administration: Watch your step if you want to keep doing business with the federal government.
The Federal Reserve is lifting its lending restrictions on Wells Fargo to allow it to make more loans that fall under the $349 billion Paycheck Protection Program and the Fed’s upcoming own small business lending program.
Wells Fargo is nearing a settlement with federal authorities over accusations of widespread consumer abuses that have haunted the bank for more than three years, a person familiar with the discussions said.
The East Central Community Organization’s plans to relocate the historic Rose Apartments are moving forward.
Washington Trust Bank is renovating three floors of the Wells Fargo building in downtown Spokane to provided more office space for the the Spokane-based banker.
Federal regulators have slapped former Wells Fargo Chief Executive John Stumpf with a $17.5 million fine for his role in the bank’s sales practices scandal.
Wells Fargo named its third CEO in as many years as it attempts to move on from a series of scandals.
It’s been a long, challenging journey for Dahmen, who is making a lot of noise in his third year on the PGA Tour, soaking up every moment along the way and thankful for his unique life and golf path, both the good and bad.
Rory McIlroy was in position to become the first three-time winner of the Wells Fargo Championship. McIlroy celebrated his 30th birthday Saturday with a 3-under 68 to pull within two shots of leaders Max Homa, Jason Dufner and Joel Dahmen.
Joel Dahmen holds his own playing in the final group for the first time and lands in a three-way tie for the lead with Jason Dufner and Max Homa on a stormy Saturday at the Wells Fargo Championship. Very much in the mix was Rory McIlroy, who shot 68 on his 30th birthday and was two shots behind.
Jason Dufner chips in for birdie to start his day and holes a 40-foot birdie toward the end for an 8-under 63 and a one-shot lead Friday in the Wells Fargo Championship. It matched his career-low score on the PGA Tour, which he last shot at Oak Hill in 2013 on his way to winning the PGA Championship.
Rory McIlroy makes the most of his game and turns it into a 5-under 66 for a share of the lead with Joel Dahmen after the opening round at the Wells Fargo Championship. McIlroy, a two-time winner at Quail Hollow, twice made birdie when he was out of position off the tee and ran off three straight birdies on the back nine for his lowest start in his 10 appearances at Quail Hollow.
The sale isn’t expected to be final until April, and the sale price was not disclosed. The 192,000-square-foot building, which is assessed at $21 million, is owned by Inland Northwest Health Services.
Wells Fargo will pay $575 million in a settlement with attorneys general from all 50 states and the District of Columbia that are investigating its banking practices, which have included phony accounts and manipulative sales practices.
A federal judge in San Francisco has given final approval to a $480 million deal that settles a shareholder class-action suit against Wells Fargo over the bank’s unauthorized accounts scandal.
In a new disclosure, San Francisco-based Wells said an expanded review found that about 870 customers were incorrectly denied or not offered loan modifications or repayment plans that would have made their mortgages more affordable.
A pair of suspected bank robbers escaped the scene of a silent holdup at a Spokane Valley bank Wednesday morning.
Wells Fargo plans to cut up to 10 percent of its workforce over the next three years, the bank announced Thursday, which will result in thousands of job losses for employees of the nation’s third-largest bank.
Ten years after faulty mortgages upended the global financial system, Wells Fargo agreed to pay $2.09 billion to settle a U.S. probe into its creation and sale of loans that contributed to the disaster.
Wells Fargo & Co., which has been mired in investigations related to its business practices since 2016, said Friday that its second-quarter earnings fell to $5.19 billion from $5.86 billion a year ago. The bank also revised its first-quarter earnings downward after agreeing in April to pay $1 billion in fines to federal regulators.