Wells Fargo

PHILADELPHIA — Less than an hour before the 8 p.m. tipoff, Philadelphia 76ers employees are scurrying around the Wells Fargo Center, hoping this Saturday night unfolds as planned. It's late March, and the team is handing out Allen Iverson bobblehead dolls. Iverson himself is scheduled to attend, a rare public appearance for the 37-year-old former NBA superstar. He'll be introduced during a pregame ceremony and then watch the game from Sixers chief executive Adam Aron's suite.

The big idea: If a company like Wells Fargo installs solar panels on even a fraction of its 6,000 retail stores coast to coast, it could become one of the largest and most sustainable U.S. solar energy producers. But does it "make cents?" The scenario: In February 2010, Wells Fargo installed solar photovoltaic systems at 10 stores in metro Denver. While the company experimented with solar-generated power in the 1970s, this was its first major solar energy project, with 1,177 panels generating more than...

Bank of America, Wells Fargo and other large banks are dragging their feet in processing homeowners' requests for lower monthly payments under the $25 billion national mortgage settlement , said New York Attorney General Eric Schneiderman in a letter obtained Friday by The Washington Post. Earlier this month, Schneiderman threatened to sue Wells Fargo and Bank of America for violating the terms of the agreement, which was brokered last year between 49 attorneys general and the nation's five...

These sales data recorded by the Alexandria Department of Real Estate Assessments were provided by Lender Processing Services. For information about other residential real estate transactions, visit, www.washingtonpost.com/ homesales . Alexandria ALEXANDRIA AREA Alfred St. S., 224-Tina M. Leone to Bruno Grinwis Plaat Stultjes, $7,929. Barbour Dr., 4919-Brandon Terry to Michael A. Smith, $679,000. Braddock Pl., 1200, No. 602-Natie R. and Renee Limpawuchara to Lisa R. Schade, $420,000.

Wells Fargo has agreed to spend at least $42 million to settle allegations that it neglected the maintenance and marketing of foreclosed homes in black and Latino neighborhoods across the country, the National Fair Housing Alliance announced Thursday. A year-long investigation by the advocacy group found that homes serviced by Wells Fargo in minority communities were far more likely than those in white areas to be left in disrepair, with broken windows, unkempt yards or water damage.

Wells Fargo yesterday showed the potentially dramatic impact of the recent loosening of accounting rules as it reported a first-quarter profit of $3.05 billion. The San Francisco company said the accounting change, which has generated controversy, allowed it to increase capital reserves by more than $4 billion. The increase could make a critical difference in the federal government's evaluation of the company's ability to withstand a deepening recession, accounting experts said. "This makes them look a lot healthier...

Wells Fargo, which became the largest bank in the Washington area with its deal for Wachovia at the end of the year, said yesterday that it lost $2.55 billion in the fourth quarter even before buying the troubled company. Wells Fargo said Wachovia lost an additional $11.2 billion during its final three months. The numbers completed a dismal series of fourth-quarter reports from the nation's largest banks. And like its peers, Wells Fargo said the worst might still lie ahead as the economy sours.

A former Wells Fargo wealth manager in the District says the company forced her out for reporting her boss's questionable investments, alleged securities violations and suspected insider trading. Pamela S. Bolanis, 36, who was the senior vice president of investments in the Sargent Investment Group of Wells Fargo Advisors, filed a whistle-blower complaint with the Labor Department alleging her supervisor, Christopher Sargent, fired her in May for cooperating with Wells Fargo in an investigation of him. ...

The NAACP and Wells Fargo opened a financial literacy center in the District on Monday, a project that stemmed from the settlement of a lawsuit that accused the lending giant of steering black borrowers into subprime mortgages. The NAACP withdrew its lawsuit last April, after the bank agreed to help develop programs to improve African Americans' access to high-quality loans and protect minorities against predatory loans. The San Francisco-based Wells Fargo will also donate $2.5 million annually for the...

Behind long white curtains at the Baltimore Convention Center on Monday, Wells Fargo loan specialists huddled with distressed homeowners. There, Kerry Pollock found help with his mortgage after a two-hour drive from Manassas. Pollock fell behind on his payments last year after being unemployed for more than two months while waiting to start work on a government contract. The lapse threatened his security clearance, which allows him to train Army soldiers on electronic warfare, and forced him to dip into his retirement...

Wells Fargo has agreed to spend at least $42 million to settle allegations that it neglected the maintenance and marketing of foreclosed homes in black and Latino neighborhoods across the country, the National Fair Housing Alliance announced Thursday. A year-long investigation by the advocacy group found that homes serviced by Wells Fargo in minority communities were far more likely than those in white areas to be left in disrepair, with broken windows, unkempt yards or water damage.

Bank of America, Wells Fargo and other large banks are dragging their feet in processing homeowners' requests for lower monthly payments under the $25 billion national mortgage settlement , said New York Attorney General Eric Schneiderman in a letter obtained Friday by The Washington Post. Earlier this month, Schneiderman threatened to sue Wells Fargo and Bank of America for violating the terms of the agreement, which was brokered last year between 49 attorneys general and...

It is rare for a megabank to get praised these days, especially by prosecutors. Bank of America, however, received plaudits from Iowa Attorney General Tom Miller for providing $27.9 billion in consumer relief under the national mortgage settlement, more than any of the other four banks signed on to the agreement. "They don't get mentioned in a positive way too often," said Miller, a key architect of the settlement, during a call with reporters this week to discuss the progress of the deal.

europe Euro-zone recession is longest in history The euro zone is now in its longest-ever recession — a stubborn slump that has surpassed even the calamity that hit the region in the financial crisis of 2008-9. The European Union statistics office said Wednesday that nine of the 17 EU countries that use the euro are in recession, with France a notable addition to the list. Overall, the euro zone's economy contracted for the sixth straight quarter,...

New York Attorney General Eric Schneiderman on Monday threatened to sue Bank of America and Wells Fargo for allegedly failing to help struggling homeowners under the $25 billion national mortgage settlement . Schneiderman was one of 49 attorneys general to negotiate the sweeping deal with the nation's five largest mortgage servicers over foreclosure abuses last year. If the banks do not comply, Schneiderman said, he will file suit and ask for a court injunction. New York's top prosecutor...

One phone call changed his plans. One shot changed a whole lot more for Derek Ernst. Six days after Ernst received a call that he was in the Wells Fargo Championship as the fourth alternate, the 22-year-old rookie found himself one shot out of the lead and 192 yards away from the flag on the 18th hole, the toughest at Quail Hollow in the cold, wind and rain of a grueling final round. Ernst choked up on a 6-iron and hit a draw that landed four feet from the hole for one of only four birdies on the...

Wells Fargo yesterday canceled a pricey Las Vegas casino junket for employees after a torrent of criticism that it was misusing $25 billion in taxpayer bailout money. The company initially defended the trip. It had booked 12 nights beginning Friday at the Wynn Las Vegas and the Encore Las Vegas. After investigators and lawmakers on Capitol Hill scorned the bank, the company canceled. The conference is a Wells Fargo tradition. Previous all-expense-paid trips have included helicopter rides, wine tasting, horseback riding in Puerto Rico...

A white tarp, emblazoned with Wachovia's blue-and-green emblem, covers the pylon sign that for years hailed drivers on Old Dominion Drive to the bank branch in McLean. The crimson outline of Wells Fargo's insignia peeks beneath the canvas, teasing the rebranding efforts underway in the Washington area. The McLean branch is one of 175 locations in Virginia in recent weeks to have its sign swapped out and shrouded as the Wells Fargo stagecoach rolls into the region. All vestiges of Wachovia in Virginia...

Phil Mickelson and Nick Watney wound up tied for the lead Saturday in the Wells Fargo Championship in Charlotte, N.C., minus the separation from the rest of the field. Mickelson hit a shot out-of-bounds on the 15th hole and hit another shot that struck a spectator in the head, costing him three shots over the last four holes at Quail Hollow in his round of 1-over-par 73. Watney hit a semi-shank with a 6-iron on the par-3 17th, took double bogey and had to settle for a 71. It felt like a small...

For all the talk about the greens, Rory McIlroy's most important club was his driver Thursday in the Wells Fargo Championship in Charlotte. McIlroy kept the ball in play at Quail Hollow and gave himself plenty of birdie chances on a cloudy, soft afternoon. He ran off six birdies in a seven-hole stretch around the turn and finished with an eight-foot birdie putt for a 5-under-par 67 to share the lead with six other players. It was the first time this year McIlroy has been atop the leader...