*WELLS FARGO: INFLATION TO SLUMP TO 2.2% BY YEAR-END, SETTING UP RALLY FOR STOCKS
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Jim Cramer's Investing Club meeting Thursday: December CPI, Disney, Wells FargoThe Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.
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Breakingviews - Wells Fargo labors under $100 bln sin discountCharlie Scharf started his new year’s resolutions early. The Wells Fargo chief executive agreed the bank would pay $3.7 billion to settle with a U.S. consumer finance watchdog at the end of 2022, atoning for years of mistakenly freezing accounts, wrongly repossessing cars and illegally charging customers fees. With a cumulative cost of bad behavior surpassing $100 billion, by Breakingviews calculations, there is a lot of hard work yet to do.
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Wells Fargo, once the No. 1 player in mortgages, is stepping back from the housing marketIt's the latest, and perhaps most significant, strategic shift that CEO Charlie Scharf has undertaken since joining Wells Fargo in late 2019.
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Wells Fargo, once a mortgage giant, shrinks home-lending businessWells Fargo said late Tuesday it was shrinking its home-mortgage business, aiming to serve its own bank customers as well as people in 'minority communities.'
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Wells Fargo to exit correspondent business, reduce mortgage servicingWells Fargo said on Tuesday the bank would exit the correspondent business and reduce the size of its servicing portfolio to sharpen its focus on the mortgage business.
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Wells Fargo Is Shrinking Its Mortgage BusinessWells Fargo is dramatically shrinking its home-lending business following a string of scandals and a record fine from the Consumer Financial Protection Bureau
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