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  • Wells Fargo reaches $110 million class action settlement over fake accounts

    The fallout from Wells Fargo's fake account fiasco is far from over, as the bank announced late Tuesday that it reached a $110 million settlement in a class action lawsuit brought on behalf of the bank’s customers who had a fake account opened in their name. Click the headline to read more about the settlement.

Investments The Ticker

Jobless claims push MBS down

Stronger than expected jobless claims data pushed mortgage-backed securities lower than expected. 

Jobless claims dropped 332,000 below the consensus of 350,000. The continued claims declined to the lowest level since the middle of 2008.

 

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