Wells Fargo and Mastercard are among the backers that invested $60 million in the latest fundraising round for credit card company Bilt, which offers loyalty points for paying rent with the card. "Helping people save for a down payment by doing something as simple as paying their rent is a compelling value proposition for consumers," said Wells Fargo's head of cards and merchant services Ray Fischer.

Chase increased its branch count in the Philadelphia area by 70% during the year ended June 30. Meanwhile, TD Bank closed 8% of its branches in the area over the same period, while Wells Fargo and PNC closed 7%.

The National Association of Home Builders/Wells Fargo Housing Market Index rose to 76 in September, a one-point gain on the previous month, with any figure over 50 on the index regarded as favorable. NAHB Chair Chuck Fowke commented that supplies of building materials such as lumber have improved, but delivery times remain relatively long, largely due to labor shortages.

The National Association of Home Builders/Wells Fargo Housing Market Index rose to 76 in September, a one-point gain on the previous month, with any figure over 50 on the index regarded as favorable. NAHB Chair Chuck Fowke commented that supplies of building materials such as lumber have improved but delivery times remain relatively long, largely due to labor shortages.