Wells Fargo reported $1.64 billion in profit for the three months ending Sept. 30, 25 percent less than it earned a year ago.
The bank took a hit from investments in failing financial institutions such as Fannie Mae, Freddie Mac and Lehman Brothers, but it managed to increase its capital reserves for potential loan losses as [...]

SACRAMENTO, Calif. – Sept. 18, 2008 – Short sales are a financial tactic that appears only in real estate downturns. Such sales are supposed to be a win-win that gets the seller out of a tight spot, a buyer a good deal and the bank off the hook.
But what sounds like a logical alternative to [...]