Wells Fargo acknowledges federal settlement offer of $1 billion
The consumer banking giant continues to navigate several investigations related to the opening of fake customer accounts, forcing customers to take unnecessary auto insurance policies, unfairly charging fees tied to mortgage rates and other matters.
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What does Friday’s sweeping sell-off mean for Wall Street?
Stocks plunged on Friday over fears that the Federal Reserve will accelerate interest rate hikes. The sell-off was driven by news that the economy added a net of 200,000 jobs in January, with wages rising at the fastest pace in…
Senate GOP votes to repeal consumer rule
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.
House GOP passes bill to roll back Dodd-Frank regulations
Republicans argue that rules designed to prevent another meltdown were making it harder for community banks to operate and hampering the economy.
In our news wrap Monday, South Korea’s recently ousted President Park Geun-hye was indicted on charges of bribery, extortion and abuse of power. If convicted, she could face life in prison. Also, hundreds of Palestinians within Israeli prisons launched a…
The letter, which was sent through the sculptor’s attorneys, argues that the statue of the girl violates copyright and was placed there for commercial gain…
In our news wrap Tuesday, a senior official with the president's National Security Council said the White House is evaluating whether the longstanding U.S. goal of a world without nuclear weapons remains "realistic." Also, Northern Ireland marked the death of…
Wednesday morning, the famed Wall Street Bull found something standing in its way: A bronzed little girl, hands on hips and feet set apart, staring down gender inequality.
From the early days of his campaign, one of Donald Trump's rallying cries was to “beware of Wall Street.” But the president-elect’s Cabinet picks of Steve Mnuchin and Wilbur Ross are stalwarts of the financial establishment. Special correspondent Paul Solman…
