NEW YORK — Wells Fargo & Co. is reaching out to women small business owners in hopes of achieving a new goal: a total of $55 billion in lending to women-owned companies by 2020. The country’s fourth-largest bank is aiming ...

Tagged with: bank Banks Business credit loans wells fargo women

WASHINGTON — U.S. consumers took on more debt in November to buy cars and attend school, but stayed cautious with their credit cards. The Federal Reserve said Tuesday that consumers increased their borrowing in November by $16 billion from October ...

Tagged with: Business consumer credit debt Economy

COLLEGE PARK — The University of Maryland is joining a major online venture to provide free classes online. Beginning next year, university faculty members will offer four courses through the online education platform Coursera.org. School officials say students who complete ...

Tagged with: credit faculty johns hopkins university University of Maryland university of virginia

NEW YORK — Moody’s Investors Service said Monday it may cut its rating on Penn State’s credit as the university deals with the fallout from the Jerry Sandusky child sexual-abuse case and sanctions against the school’s football team. The agency ...

Tagged with: abuse Banks college credit downgrade fundraising jerry sandusky moody's ncaa Penn State sanctions sexual abuse

NEW YORK — Lending to small businesses is recovering after a four-month decline. A study released Monday by PayNet, a research firm that tracks loans to small business, shows that lending rose 12 percent in May from April’s levels. That’s ...

Tagged with: credit Economy jobs loans National Federation of Independent Business Small business

NEW YORK — Sprint Nextel Corp. on Tuesday said it will shut down the Nextel network as early as June 30 next year, cutting off service for its characteristic walkie-talkie-like Nextel phones. Sprint had already said the shutdown would commence ...

Tagged with: credit network phones samsung sprint nextel corp

WASHINGTON — Home prices rose in March from February in most major U.S. cities for the first time in seven months. The increase is the latest evidence of a slow recovery taking shape in the housing market. The Standard & ...

Tagged with: builders case-shiller cities credit employers employment home home prices housing market mortgage rates permit prices Real Estate sales standard & poor's/case-shiller home-price index

NEW YORK — Fitch Ratings has downgraded its assessment of America’s biggest bank, JPMorgan Chase & Co. The rating agency’s move comes a day after JPMorgan disclosed a surprise $2 billion trading loss in a portfolio designed to hedge against ...

Tagged with: bank Banks credit downgrade fitch fitch ratings jpmorgan new york

When I first meet with a borrower, I typically tell them two things: First, I am not so much your loan officer anymore, but your advocate and tour guide through the loan process. Second, if I do my job correctly, ...

Tagged with: credit fannie mae finance freddie mac lender loan mortgage Real Estate Robert Nusgart

ANNAPOLIS — John Latenser missed his family while working out of state, but the film location manager with 18 years of experience had to make a living. So after Maryland tax credits for film production companies were eliminated in 2008, ...

Tagged with: Annapolis Baltimore bill credit Ed Kasemeyer film General Assembly legislation maryland movie production Senate Budget and Taxation Committee tax Taxes visit baltimore