Finance & Mortgage

'Fed Solicits Bids From Eight Banks For Maiden Lane III Assets

The New York Federal Reserve said on Wednesday it has asked eight dealers to bid on assets from its Maiden Lane III portfolio, which was created during the bailout of insurer American International Group (AIG).

'U.S. Bancorp Beats Street; Mortgage Revenue Soars

U.S. Bancorp's first-quarter profit topped analysts' expectations as mortgage banking revenue surged.

'Wells Fargo Reports Higher Profit on Mortgage Gains

A surge in mortgage banking income lifted Wells Fargo & Co's first-quarter profit by 13 percent, but its shares fell on concern that the bank is falling behind on its drive to cut expenses.
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