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Financial Services

Wells Fargo pays $575 million to settle state investigations

NEW YORK (AP) — Wells Fargo will pay $575 million in a settlement with attorneys general from all 50 states and the District of Columbia that are investigating fake accounts opened without the knowledge of customers and a string of ...

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Insurance claims at $9 billion from California fires

SACRAMENTO, Calif. (AP) — Insurance claims from last month’s California wildfires already are at $9 billion and expected to increase, the state’s insurance commissioner announced Wednesday. About $7 billion in claims are from the Camp Fire that destroyed the Northern ...

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MoFi receives additional $50,000 for small business loans (access required)

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A Northwest organization that lends money to help small businesses start has received a 33 percent increase in the amount of funding it receives from a Boise-based nonprofit. MoFi, a community development financial institution, has received $50,000 from Capital Matrix ...

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Investor Arlan Hamilton urges peers to support diverse startups

MINNEAPOLIS, MN – Three years ago Arlan Hamilton was homeless and on a good day had $12 in the bank. Today she is founder and managing partner of Los Angeles-based Backstage Capital, which has invested more than $5 million in ...

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Eagle investment company hires Colombian data scientist (access required)

An Eagle investment company is turning to big data to help make its trading decisions by hiring a data scientist from Bogota, Colombia. Daniel Fernandez will be a quantitative analyst for ProfitScore Capital Management. “Specifically, he will be spearheading the ...

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