Wells Fargo and Co agrees to buy ING Real Estate Finance debt worth US$1.6 billion.
Wells Fargo revealed that it is exiting its mortgage joint ventures in accordance to new regulations.
JPMorgan Chase & Co. and Wells Fargo & Co., lost US$6.5 billion in combined equity that threatened levels of capital across the industry.
Wells Fargo & Co announced a 20% increase in quarterly earnings by taking advantage of the mortgage lending.
National Australia Bank is looking at a possible partnership with Wells Fargo & Co. to bring Australians to the US term loan B instruments.