Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
Employees in Albuquerque, New Mexico, and Bethel, Alaska, make rare move to organize staff in financial industry
Workers at two Wells Fargo bank branches are planning to launch unionization efforts on Monday in a rare move to organize staff at a financial services company.
Employees in Albuquerque, New Mexico, and Bethel, Alaska, said they would notify the National Labor Relations Board that they plan to hold elections to decide whether to unionize, the Wall Street Journal reported.
Protesters cut up credit cards and march to Washington branches of JPMorgan Chase, Citibank, Bank of America and Wells Fargo
Hundreds of older Americans gathered in Washington on Tuesday to protest against four of the country’s largest financial institutions, cutting up their credit cards in an act of defiance meant to condemn the banks’ funding of oil and gas projects.
The protesters marched to the downtown DC branches of the four targeted “dirty banks” – JPMorgan Chase, CitiBank, Bank of America and Wells Fargo – before staging a “die-in” to symbolize the global threat posed by fossil fuels. In a nod to the age of the protest’s participants, demonstrators sat in painted rocking chairs as they chanted “Cut it up!” to those slashing their credit cards outside the banks’ branches.
The Securities Exchange Commission is said to have requested further information from major US banks Goldman Sachs, Wells Fargo and Morgan Stanley, as well as Japan’s Nomura and Swiss lender Credit Suisse about a meeting with Archegos founder Bill Hwang on Thursday.
Analysis of 35 leading investment banks shows financing of more than $2.66tn for fossil fuel industries since the Paris agreement
The world’s largest investment banks have funnelled more than £2.2tn ($2.66tn) into fossil fuels since the Paris agreement, new figures show, prompting warnings they are failing to respond to the climate crisis.
The US bank JP Morgan Chase, whose economists warned that the climate crisis threatens the survival of humanity last month, has been the largest financier of fossil fuels in the four years since the agreement, providing over £220bn of financial services to extract oil, gas and coal.
Tired of being cast as the poster child for big banks behaving badly, Wells Fargo & Co. has been expanding its presence in the nation's capital to convince lawmakers it has changed and talking up its charitable work in their districts.
Wells Fargo & Co. suspended two executives in the midst of a federal investigation into the bank's purchase of low-income housing tax credits, according to a Tuesday report from Bloomberg.
Wells Fargo has agreed to pay $2.09 billion to settle a government probe into the bank's creation of mortgages riddled with flaws that the U.S. Department of Justice said contributed to the financial crisis that helped unleash the Great Recession, the government announced Wednesday. Wells Fargo has agreed to pay $2.09 billion to settle a government probe into the bank's creation of mortgages riddled with flaws, which the U.S. Department of Justice said contributed to the financial crisis that helped unleash the Great Recession, the government announced Wednesday.
Wells Fargo said Friday it has agreed to pay $480 million to resolve a class-action lawsuit brought by shareholders who claim the bank misstated or failed to disclose details about its sales practices. The San Francisco-based bank said that the agreement is in principle, and must be approved by the court before it's finalized.
A sign is seen Friday, Aug. 11, 2017, at a Wells Fargo bank location in Philadelphia. Wells Fargo says it has agreed to pay $480 million to resolve a class-action lawsuit brought by shareholders who claim the bank misstated or failed to disclose details about its sales practices.
Millennium Management LLC trimmed its holdings in shares of Engility by 63.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission . The firm owned 66,205 shares of the aerospace company's stock after selling 115,801 shares during the period.
Wells Fargo will pay US$1 billion to federal regulators to settle charges tied to misconduct at its mortgage and auto lending business, the latest punishment levied against the banking giant for widespread customer abuses. In a settlement announced Friday, Wells will pay US$500 million to the Office of the Comptroller of the Currency , its main national bank regulator, as well as a net US$500 million to the Consumer Financial Protection Bureau .
Wells Fargo & Co received a cease-and-desist order Friday from the Federal Reserve that will limit asset growth to $1.95 trillion pending compliance, board oversight and risk management improvements. The threat to net income prompted a number of Monday downgrades, with Morgan Stanley and JPMorgan assigning Underweight ratings and Citigroup and Keefe, Bruyette & Woods downgrading to Neutral or Market Perform.
Wells Fargo botched its fake account fiasco so badly that the bank is being hauled back for a congressional hearing almost exactly a year after the first one. Get ready for more fireworks when Senator Elizabeth Warren interrogates Wells Fargo about the bank's newest scandals during Tuesday's testimony.
Wells Fargo & Co on Aug. 31 raised the estimate of accounts opened without customers' knowledge by 1.4 million, bringing the total to about 3.5 million. The scandal over phony accounts came to light last September after the company announced a $185 million settlement with regulators to atone for the sales abuses.
Nearly a year after Wells Fargo's fraudulent account scandal burst into public view, the bank said Thursday it had turned up more than a million additional accounts that customers may not have authorized. The news set off a fresh wave of criticism from those frustrated by the bank's slow pace in coming clean about its misdeeds.
Review says 3.5M consumer and small business accounts may have been affected by sales scandal, up from 2.1M in initial 2016 estimate Wells Fargo review finds 1.4M more unauthorized accounts Review says 3.5M consumer and small business accounts may have been affected by sales scandal, up from 2.1M in initial 2016 estimate Check out this story on pressconnects.com: https://usat.ly/2wV7WLJ File photo taken in 2017 shows a Wells Fargo sign at one of the bank's branches in Philadelphia, Pa. Wells Fargo's fake accounts scandal expanded Thursday with the disclosure of roughly 1.4 million more potentially unauthorized accounts than the bank originally estimated when embarrassing episode erupted nearly a year ago.
The CEO of Wells Fargo was seated on stage in Los Angeles Monday, alongside four other top executives from different industries. They were gathered to talk about "creating meaningful lives for the 21st century workforce," the kind of lofty topic you'd expect at the annual Milken Institute Global Conference.
Perez applied for a student loan from Wells Fargo online to help cover the costs of her education at the Univ... . Mitzie Perez, a plaintiff in a lawsuit against Wells Fargo, poses for a photo in Los Angeles, Monday, Jan. 30, 2017.
A website soliciting complaints from Wells Fargo employees, www.dol.gov/wellsfargo , has not been working since Jan. 20, the day President Donald Trump took office, according to U.S. Sen. Elizabeth Warren, D-Mass. A website soliciting complaints from Wells Fargo employees, www.dol.gov/wellsfargo, has not been working since Jan. 20, the day President Donald Trump took office, according to U.S. Sen. Elizabeth Warren, D-Mass.