- Wells Fargo Accused of Predatory Lending in Chicago Area[at Bloomberg] - Wells Fargo & Co. (WFC) targets black and Latino borrowers for more costly home loans than their white counterparts in the Chicago area, helping to prolong a local and national foreclosure crisis, the ...(28 Nov 2014 20:33:40)
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- P&G, Goldman Sachs In $7 Billion Wella Deal Talks(28 Nov 2014 19:26:00)
- Crude down 10% into close(28 Nov 2014 18:36:00)
- P&G exploring sale of Wella: Reuters(28 Nov 2014 18:23:00)
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- WELLS FARGO & COMPANY/MN Files SEC form 8-K, Financial Statements and Exhibits(28 Nov 2014 17:18:29)
- Arch Coal sees higher prices for Powder River Basin coal in 3Q14(28 Nov 2014 17:01:02)
- CEOs of Target, Macy’s, and others, weigh in on Black Friday sales(28 Nov 2014 16:48:02)
The United States financial sector is the largest and most developed in the world, comprising 50% of all US profits. This industry is lead by major investment banks offering investment management, equity underwriting, and selling financial products. Other major companies offering lending, however many decline greatly during the recent housing bubble collapse.
As a result of the recent sub-prime mortgage crisis, many new regulations have been put into place to curb aggressive behaviors such as mixed risk class products, bank proprietary trading, and lending to high-risk customers. These new measures will result in lower financial sector profits, but also less risk associated too.
The US financial sector is largely based the north-eastern coast, centered in New York City’s Wall Street, housing the New York Stock Exchange and the NASDAQ stock exchange. There is also a sophisticated venture capital industry in the west coast where many high-tech and start-ups are based.