Apr 13 Wells Fargo acknowledges federal settlement offer of $1 billion By Associated Press 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. Continue reading
Feb 02 Watch 2:49 What does Friday’s sweeping sell-off mean for Wall Street? By PBS News Hour 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… Continue watching
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
Jun 08 House GOP passes bill to roll back Dodd-Frank regulations By Associated Press Republicans argue that rules designed to prevent another meltdown were making it harder for community banks to operate and hampering the economy. Continue reading
Apr 17 Watch 2:52 News Wrap: Ousted South Korean president indicted By PBS News Hour 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… Continue watching
Apr 12 Read the letter the Charging Bull sculptor sent demanding the removal of Fearless Girl By Elizabeth Flock, Synclaire Cruel 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… Continue reading
Mar 21 Watch 2:29 News Wrap: Trump administration reviewing U.S. nuclear policy By PBS News Hour 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… Continue watching
Mar 08 Bronze girl statue faces off with Wall Street Bull on International Women’s Day By Alison Thoet 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. Continue reading
Dec 08 Watch 8:29 Does a Wall Street Cabinet discredit Trump’s Main Street message? By PBS News Hour 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… Continue watching
Nov 30 Watch After populist campaign, Trump assembles economic team of elites By PBS News Hour President-elect Donald Trump’s proposed economic team suggests a preference for Wall Street veterans, in a reversal of his campaign promise to surround himself with establishment outsiders. Judy Woodruff speaks with David Wessel of The Brookings Institution about the “elite” appointments,… Continue watching