Bank of America said Friday it will hire 10,000 people from low- and moderate-income neighborhoods for its branches and call centers under a five-year initiative by the Charlotte-based bank involving its consumer and small-business division.
A lawsuit says Bank of America of Charlotte, NC, pushed borrowers trying to hang onto their homes into foreclosure while it enriched itself off a mortgage modification program known as the Home Affordable Modification Program or HAMP
North Carolina banks and savings institutions would be able to charge higher origination and late fees for certain loans under proposed legislation that has the backing of Winston-Salem-based BB&T, Charlotte's No. 3 bank by deposits.
Movement Mortgage said Thursday it is laying off 100 employees nationwide, including about 18 in the Charlotte area, as the lender based in Indian Land, S.C., and founded by former Panthers tight end Casey Crawford braces for slower growth.
A group of Union County business leaders said Tuesday a new community bank they plan to form in Monroe will be named American Bank & Trust, whose creation is being led by homebuilder David Cuthbertson.
RoundPoint Mortgage Servicing Corp. is relocating from Charlotte to Southbridge Business Park in Fort Mill, S.C., in exchange for incentives from that state, South Carolina officials and CEO Kevin Brungardt announced Tuesday.
Bank of America is donating about half a block of uptown Charlotte property to the Discovery Place museum, a $7 million gift designed to help revitalize the North Tryon Street corridor under the North Tryon Vision Plan.
Wells Fargo said Monday it is launching a new marketing campaign called "Re-Established," an effort that includes a new commercial, to emphasize its commitment to re-establish trust with customers, which CEO Tim Sloan said is the company's greatest priority.
Wells Fargo layoffs in its Greenville Dealer Services operation in Pitt County, N.C., amount to the largest Worker Adjustment and Retraining Notification Act, or WARN, notice in the state by the San Francisco-based bank in recent years.
At Bank of America's annual shareholder meeting Wednesday, CEO Brian Moynihan stood firm on his company's decision to stop lending to some gun makers in the aftermath of the Parkland, Fla., school shooting.
Wells Fargo is expected to get heat Tuesday at its annual meeting of shareholders in Des Moines, Iowa, which takes place less than a week after the San Francisco-based bank agreed to pay two regulators a combined $1 billion in fines.
Zelle, a service that allows bank customers to instantly send money to their acquaintances, is booming. But the same features that make Zelle so useful for customers, its speed and ubiquity, have made it irresistible to thieves.
Charlotte is likely to see Wells Fargo layoffs as the San Francisco-based company further integrates its corporate and investment banks, Chief Financial Officer John Shrewsberry said Friday as Wells reported first quarter earnings results.
Wells Fargo is preparing for up to $1 billion in fines from regulators, the Consumer Financial Protection Bureau, CFPB, and the Office of the Comptroller of the Currency, OCC, the San Francisco-based bank disclosed in first quarter results.
The Consumer Financial Protection Bureau could fine Wells Fargo up to $1 billion for auto and mortgage abuses, marking the first penalties under Mick Mulvaney, tapped by President Donald Trump last year to head the CFPB, Reuters reported.