The number of U.S. borrowers seeking help on mortgages, credit cards and auto loans jumped between March and April in the economic fallout from the coronavirus pandemic, a TransUnion study released on Wednesday showed. Serious delinquency rates for accounts 60 or more days past due were little changed across loan types, but forbearance programs and stimulus payments have been helping consumers stay liquid in the short term, said Matt Komos, vice president of research and consulting at the...

(Reuters) - The number of U.S. borrowers seeking help on mortgages, credit cards and auto loans jumped between March and April in the economic fallout from the coronavirus pandemic, a TransUnion (TRU.N) study released on Wednesday showed. Serious delinquency rates for accounts 60 or more days past due were little changed across loan types, but forbearance programs and stimulus payments have been helping consumers stay liquid in the short term, said Matt Komos, vice president of research and...

Major U.S. stock indexes jumped on Friday and logged solid gains for the week after data on historic job losses due to the coronavirus crisis showed they were slightly fewer than feared.

Wells Fargo & Co is advising employees to work from home through at least June 30, it said in a memo on Wednesday, noting that the bank is unlikely to return to business as usual the next day. "It is too early to say exactly when our operations will return to a more normal model," Chief Operating Officer Scott Powell said in the memo to employees. The bank's operating committee decided this week on the tentative date, he added. Roughly 200,000 of the San Francisco-based bank's 265,000...

(Reuters) - Wells Fargo & Co (WFC.N) is advising employees to work from home through at least June 30, it said in a memo on Wednesday, noting that the bank is unlikely to return to business as usual the next day. “It is too early to say exactly when our operations will return to a more normal model,” Chief Operating Officer Scott Powell said in the memo to employees. The bank’s operating committee decided this week on the tentative date, he added. Roughly 200,000 of the San Francisco-based...