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Trump Administration Investigates Wells Fargo for Race-Based Lending

The federal housing agency says the bank’s efforts to encourage Black homeownership amount to discrimination.

Β© An Rong Xu for The New York Times

Wells Fargo, a major mortgage lender, has in the past publicly promoted its minority-focused program in news releases and on its website.

Trump Administration Investigates Wells Fargo for Race-Based Lending

The federal housing agency says the bank’s efforts to encourage Black homeownership amount to discrimination.

Β© an Rong Xu for The New York Times

Wells Fargo, a major mortgage lender, has in the past publicly promoted its minority-focused program in news releases and on its website.

Troubles at Situational Awareness Point to Record Stock Market Leverage

A meltdown at Situational Awareness, an A.I.-focused investment firm, is raising tough questions about the Wall Street banks that lent billions to the upstart firm.

Β© Nicholas Albrecht for The New York Times

Big banks lent Leopold Aschenbrenner’s firm billions to invest in the artificial intelligence boom. Then the firm had a meltdown.
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