FAA Outage Creates Cancellations, Delays

03:31pm, Wednesday, 11'th Jan 2023 Zacks Investment Research
We've since seen restoration of service in Atlanta and Newark hubs, but expect major delays if you were planning to fly anywhere within the U.S. today.

Wells Fargo Narrows Focus of Home Lending Business

01:30pm, Wednesday, 11'th Jan 2023
Wells Fargo is shrinking and simplifying its home lending business. The business will now focus on bank customers and minority communities, while the bank exits the correspondent business and reduces
Once the leader in the U.S. mortgage market, banking giant Wells Fargo (NYSE: WFC ) announced that it will step back from the housing market amid regulatory pressure and soaring interest rates. Previo

Wells Fargo, once a mortgage giant, shrinks home-lending business

12:58pm, Wednesday, 11'th Jan 2023 MarketWatch
Wells Fargo said late Tuesday it was shrinking its home-mortgage business, aiming to serve its own bank customers as well as people in "minority communities."

FAA Outage Creates Cancellations, Delays

12:02pm, Wednesday, 11'th Jan 2023
We've since seen restoration of service in Atlanta and Newark hubs, but expect major delays if you were planning to fly anywhere within the U.S. today.

U.S. FAA Suffers a Major Technical Outage

12:02pm, Wednesday, 11'th Jan 2023
U.S. FAA Suffers a Major Technical Outage.
While not exiting it entirely, they'll be focusing on only providing mortgages to their existing customers, and those in minority communities.

Higher Interest Rates, Loans to Aid BofA (BAC) Q4 Earnings

11:40am, Wednesday, 11'th Jan 2023 Zacks Investment Research
Higher interest rates, decent loan demand and robust trading performance are expected to have supported BofA's (BAC) Q4 earnings.
The US bank will now offer home loans only to existing customers and minority communities, after mortgage rates followed interest rates higher and hit demand.
Wall Street seems to agree that we'll be entering a recession. I just can't accept that at face value.

Wells Fargo Pulls Back From Mortgage Market

10:10am, Wednesday, 11'th Jan 2023
Wells Fargo, once the number one player among major banks in the U.S. mortgage market, has said it will step back from the mortgage business ahead of its latest earnings report.

Why AT&T Stock Topped the Market on Tuesday

10:34pm, Tuesday, 10'th Jan 2023 The Motley Fool
Although macroeconomic factors are producing drag at the moment, one pundit believes there is plenty of reason to be bullish on the company.

Jefferies stock rises on merchant banking strength

07:56pm, Tuesday, 10'th Jan 2023 MarketWatch
Analyst sums up Jefferies as a decent result in an overall messy quarter as the company kicks off earnings season for Wall Street banks
Wells Fargo & Co (NYSE: WFC) just revealed plans of trimming its footprint in home lending. Moving forward, it will offer home loans only to existing customers and “minority” borrowers.
CEO lambastes FTX as a 'decentralized Ponzi scheme' and says JPMorgan continues to add staff as it opens more branches around the globe.
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