Items Tagged with 'Wells Fargo Securities'

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  • Wells Fargo to pay $17 million to Illinois pension funds over crisis-era mortgage bonds

    Brings state’s total recovery to more than $500 million
    Wells Fargo will pay more than $17 million to a series of Illinois pension funds after settling with the state over the bank’s “misconduct in its marketing and sale of risky residential mortgage-backed securities leading up to the 2008 economic collapse,” Illinois Attorney General Lisa Madigan announced this week.
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  • Wells Fargo to pay $43 million to settle pre-crisis RMBS trust lawsuit

    Reaches settlement with investors, including BlackRock and PIMCO
    In the past few years, Wells Fargo, once thought of as a shining example in the financial services industry, has been dragged down by scandal after scandal followed by settlement after settlement. Well, guess what? It’s a day that ends in "y," and that means it's time for another Wells Fargo settlement.
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  • Women are slowly ascending the REIT ranks

    But female representation in this male-dominated sector remains unimpressive
    The real estate investment trust sector is seeing an uptick in female leadership, as a new survey reveals more than half of newly elected directors are women. But despite corporate calls for diversification, most boards have only one or two women, showing that the industry clearly has a long way to go.
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  • Wells Fargo Securities promotes Ari Kavour, Mike Llodra to lead mortgage finance group

    Will head up warehouse and term financing efforts
    Wells Fargo Securities, the investment banking and capital markets business of Wells Fargo, announced Thursday that it promoted Ari Kavour and Mike Llodra to co-heads of the mortgage finance group. Wells Fargo Securities’ mortgage finance group provides warehouse and term financing to companies and investors that own, originate or invest in residential real estate mortgages or securities.
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