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Wells Fargo’s Subprime Exit Closes a Sorry Chapter in Its History – Wells Fargo’s (WFC) announcement earlier this week that it’s exiting the subprime mortgage business is economically. Memphis’ suit against the bank brought four former Wells Fargo employees to talk.

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The LIBOR index, adjusted quarterly, is equal to the average of the one-month LIBOR rates as published in the "Money Rates" section of the Wall Street Journal on the first business day of each of the three (3) calendar months immediately preceding each quarterly adjustment date. The LIBOR index is currently 2.47%.