Wells Fargo CEO apologizes for comments about finding qualified Black applicants
Wells Fargo CEO Charles Scharf said that “there is a very limited pool of black talent to recruit from” in corporate America.
Attorneys general from 33 states urge banking reform for pot industry
Most Americans live in states where marijuana is legally available in some form. But most banks don't want anything to do with money from the cannabis industry for fear it could expose them to legal trouble from the federal government,…
CEOs of big banks defend more resilient financial system since crash
The heads of seven of the largest banks in the U.S. fielded sometimes contentious questions from a House committee Wednesday, some dealing with current risks to the financial system and other focused on more politically charged topics.
Wells Fargo pays $575 million to settle state investigations into fake accounts
The bank has been under a cloud since 2015 when it acknowledged that employees had opened millions of fake bank accounts for customers in order to meet sales goals.
As a former refugee, Hamse Warfa remembers first-hand being completely excluded from the global economic ecosystem. It's a problem that affects 2.5 billion around the world, but he's now dedicated to ensuring that banking and market systems be inclusive. Warfa…
The repeal means bank customers will still be subject to what are known as mandatory arbitration clauses, which effectively waive the customer's right to sue.
The Senate voted narrowly to repeal a banking rule that would have allowed consumers to join together to sue their bank or credit card company.
Global finance leaders on Saturday appealed to central bankers to stick as long as possible with low-interest rate policies that have made borrowing attractive and helped safeguard an improving but still fragile world economic recovery.
The cold calculus and material emphasis of finance seems about as far removed as one can imagine from the arts. And yet, many great writers and artists were tied to finance vocationally. Can you guess who?…
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