Washington, DC – JPMorgan Chase today announced the grand opening of its first branch in Greater Washington, D.C. and made several new investments to increase economic and wage growth in the region. Earlier this year, the firm announced it would open 70 new branches, hire 700 new employees, commit $4 billion to regional home and […]
The latest World Economic Outlook report projects that global growth will remain steady over this year and next, at last year’s rate of 3.7 percent. This growth exceeds that achieved in any of the years between 2012 and 2016, and it occurs as many economies have reached or are nearing full employment and as earlier […]
The International Monetary Fund staff and Argentina authorities have reached an agreement on a set of strengthened economic policies that will underpin the 36-month Stand-By Arrangement (SBA) approved on June 20, 2018. Subject to IMF Executive Board approval, the revised Arrangement front loads IMF financing, increasing available resources by US$19 billion through the end of […]
NEW YORK – Wells Fargo (NYSE: WFC) announced that Vince Toye has been appointed head of Community Lending and Investment (CLI), reporting to Mark Myers, head of Commercial Real Estate. Wells Fargo’s nationwide CLI team lends to, and invests in, communities and businesses in support of Wells Fargo’s commitment to economic development, job creation and […]
WASHINGTON, DC – The Fannie Mae Home Purchase Sentiment Index® (HPSI) fell in July for the second consecutive month, dropping 4.2 points to 86.5, after reaching survey highs in April and May. The decline can be attributed to decreases in four of the six HPSI components. The net share of survey respondents who said now […]
The Justice Department announced today that Wells Fargo Bank, N.A. and several of its affiliates (Wells Fargo) will pay a civil penalty of $2.09 billion under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) based on the bank’s alleged origination and sale of residential mortgage loans that it knew contained misstated income […]
Bank of America Merrill Lynch, a leader in Global Commercial Card solutions, today announced that it has launched a mobile application for cardholders of prepaid cards. The app launch demonstrates the bank’s commitment to making the lives of our clients and their cardholders easier by bringing new, digital capabilities to corporate and government clients and […]
The near-term outlook for the U.S. economy is one of strong growth and job creation. Unemployment is already near levels not seen since the late 1960s and growth is set to accelerate, aided by a near-term fiscal stimulus, a welcome recovery of private investment, and supportive financial conditions (see Table 1). These positive outturns have […]
WASHINGTON, DC – Fannie Mae (FNMA/OTC) today announced the winning bidders for its thirteenth non-performing loan sale. The sale includes approximately 9,800 loans totaling $1.64 billion in unpaid principal balance (UPB), divided among four pools. The winning bidder for the transaction is MTGLQ Investors, L.P. (Goldman Sachs). The transaction is expected to close on July […]
Bank of America Chief Executive Officer Brian Moynihan will participate in the Bernstein Strategic Decisions Conference on Wednesday, May 30 at 4 p.m. Eastern Time. A live audio webcast will be accessible through the Bank of America Investor Relations website at http://investor.bankofamerica.com. A replay will also be available. Bank of America Bank of America is […]
