Sep 23 Wells Fargo CEO apologizes for comments about finding qualified Black applicants By Associated Press Wells Fargo CEO Charles Scharf said that “there is a very limited pool of black talent to recruit from” in corporate America. Continue reading
May 08 Attorneys general from 33 states urge banking reform for pot industry By Associated Press 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,… Continue reading
Apr 10 CEOs of big banks defend more resilient financial system since crash By Ken Sweet, Associated Press 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. Continue reading
Dec 28 Wells Fargo pays $575 million to settle state investigations into fake accounts By Associated Press 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. Continue reading
Jul 26 Watch 3:29 How giving people a transaction identity changes lives 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… Continue watching
Nov 01 Trump signs GOP repeal of banking rule that allowed consumers to join together in lawsuits By Ken Thomas, Associated Press 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. Continue reading
Oct 25 Senate GOP votes to repeal consumer rule By Kevin Freking, Associated Press 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. Continue reading
Oct 14 Global finance leaders warn against complacency By Martin Crutsinger and Paul Wiseman, Associated Press 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. Continue reading
Jul 13 Quiz: Can you find the artists among these entrepreneurs and bankers? By Mihir A. Desai 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?… Continue reading
Dec 15 Watch 3:03 How this CEO invests in the dignity of others By PBS News Hour From a young age, Jacqueline Novogratz wanted to be a force for good in the world. Now she is combatting poverty by bringing business to communities that haven’t had access to banking. Instead of just giving away money or resources,… Continue watching