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1. Wells Fargo Fined $1B for Mortgage, Auto Lending Abuses
- Monday, April 23, 2018
NEW YORK (AP) — Wells Fargo will pay $1 billion to federal regulators to settle charges tied to misconduct at its mortgage and auto lending business, the latest punishment levied against the banking giant for widespread customer abuses.
2. Buffett Says Tax Cuts Provide Huge Boost to US Businesses
- Tuesday, February 27, 2018
OMAHA, Neb. (AP) – Billionaire Warren Buffett says American businesses are getting a significant boost from the tax overhaul, but health care costs remain a drag so he hopes a new initiative his company started with Amazon and JP Morgan Chase will deliver significant savings.
3. Wells Fargo Says 3.5 Million Accounts Involved in Scandal
- Friday, September 1, 2017
NEW YORK (AP) – The scope of Wells Fargo's fake accounts scandal grew significantly on Thursday, with the bank now saying that 3.5 million accounts were potentially opened without customers' permission between 2009 and 2016.
4. Wells Fargo Claws Back $75M From Top Execs in Sales Scandal
- Tuesday, April 11, 2017
NEW YORK (AP) – The problems at Wells Fargo and its overly aggressive sales culture date back at least 15 years, and management had little interest in dealing with the issue until it spiraled out of control resulting in millions of accounts being opened fraudulently, according to an investigation by the company's board of directors.
5. Wells Fargo CEO: Fixing Fake Accounts Will Take More Time
- Monday, March 20, 2017
NEW YORK (AP) – 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 had trouble getting approved for other loans because of the fake accounts bank employees opened.
6. Wells Fargo Discloses SEC Investigation for Sales Practices
- Friday, November 4, 2016
NEW YORK (AP) – Wells Fargo has confirmed that the Securities and Exchange Commission is investigating its sales practices, and revealed that it has almost doubled to $1.7 billion the amount set aside to deal with its legal problems.
7. Senate Confirms McDonald as Veterans Affairs Secretary
- Wednesday, July 30, 2014
WASHINGTON (AP) — The Senate on Tuesday unanimously confirmed former Procter & Gamble CEO Robert McDonald as the new Veterans Affairs secretary, with a mission to overhaul an agency beleaguered by long veterans' waits for health care and VA workers falsifying records to cover up delays.
8. Wells Fargo's Profit Up 13 Percent; Revenue Slips
- Monday, October 14, 2013
Third-quarter profit for Wells Fargo & Co., the biggest U.S. mortgage lender, jumped 13 percent as a decline in revenue from mortgage lending was offset by reduced expenses and fewer soured loans.
9. Lower Costs Help Lift Wells Fargo's Second-Quarter Profit
- Monday, July 15, 2013
Lower expenses and fewer bad loans helped lift Wells Fargo's second-quarter profit by 20 percent, the company reported Friday.
The cost-cutting and improved loan quality helped the nation's biggest U.S. mortgage lender overcome meager revenue growth.
10. Mortgage Comeback? Citigroup Isn't So Sure
- Tuesday, October 16, 2012
NEW YORK (AP) – Citigroup isn't as enthusiastic as its peers about a comeback in the housing market.
On Friday, executives at Wells Fargo and JPMorgan Chase declared that the long-struggling market had turned a corner. On Monday, Citigroup's top number-cruncher said he wasn't so sure.
11. Snyder’s-Lance Signs Deal In Southaven
- Friday, September 21, 2012
A well-known snack food company has boosted its distribution presence in the Memphis area.
Snyder’s-Lance Inc. signed a 26,757-square-foot lease at Airways Distribution Center Building F, 8425 Airways Blvd., in Southaven.
12. Family Dollar Signs 2 Leases for Stores
- Friday, February 11, 2011
Family Dollar has signed a 12,000-square-foot lease at 2754 Lamar Ave. Shawn Massey, partner with The Shopping Center Group LLC, represented the tenant. Harold Blockman with Keller Williams Realty Inc. represented the landlord, Chong K and Dul S. Pae.