Home Base Business – Ameriquest to Close Branches
Ameriquest to Close Branches
The parent company of Ameriquest Mortgage Co., the mortgage lender that this year reached a $325 million settlement with regulators and prosecutors over allegations of predatory lending practices, yesterday announced a reorganization that will shutter all its 229 retail branches and lay off 3,800…
Wells Fargo Reports Record Quarterly EPS, Revenue
SAN FRANCISCO——April 18, 2006—Wells Fargo & Company : Record diluted earnings per share of $1.19, up 10 percent from prior year's $1.08, up 18 percent from fourth quarter 2005 Record net income of $2.02 billion, up 9 percent from prior year's $1.86 billion, up 18 percent from fourth quarter 2005; first time quarterly earnings exceeded $2 billion Return on equity of 19.9 percent Revenue up 6
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