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
Oct 19 California launches Wells Fargo criminal investigation over fake accounts By Kristen Doerer The California Department of Justice has launched a criminal investigation into Wells Fargo, which was fined $185 million for illegal banking practices last month. Continue reading
Oct 12 Embroiled in scandal, Wells Fargo CEO resigns By Kristen Doerer John Stumpf has stepped down as CEO and chairman of Wells Fargo. The bank’s president Tim Sloan will take over as CEO immediately. Continue reading
Sep 29 Wells Fargo CEO faces lawmakers, apologizes again By Marcy Gordon, Associated Press Wells Fargo's CEO, newly stripped of tens of millions in compensation, will face lawmakers with more defenses than he had in the last round. Continue reading
Sep 20 Watch Were Wells Fargo employees under unfair sales pressure? By PBS News Hour Wells Fargo chief John Stumpf apologized before Congress Tuesday for the bank opening two million unauthorized accounts. Regulators say workers were under sales pressure, but Stumpf said it was not a scheme. More than 5,000 workers have been fired; lawmakers… Continue watching
Sep 20 Elizabeth Warren tells Wells Fargo CEO to resign over fake accounts By Marcy Gordon and Ken Sweet, Associated Press Chief Executive John Stumpf said he was "deeply sorry" that the bank failed to meet its responsibility to customers and didn't act sooner to stem "this unacceptable activity."… Continue reading
Sep 08 Wells Fargo fined for creating fake accounts, other illegal practices By Kristen Doerer The Consumer Financial Protection Bureau fined Wells Fargo $100 million for illegal banking practices on Thursday. Continue reading
May 05 Watch News Wrap: Attorney General Lynch pledges help to Baltimore By PBS News Hour In our news wrap Tuesday, Attorney General Loretta Lynch promised federal help to Baltimore as it considers some re-training for its police force. Lynch visited the city to meet with students, religious and political leaders, as well as the family… Continue watching
Jan 06 Watch Unemployment Dips to 8.5%, but How Is Overall U.S. Recovery Going? A surge in December hiring pushed the nation's unemployment rate to 8.5 percent, the lowest it's been in three years. Jeffrey Brown discusses the meaning of the most recent jobs report with Mesirow Financial's Diane Swonk and Mark Vitner of… Continue watching
Jun 07 Watch What More Could, Should Government Do for U.S. Economy? A new Washington Post/ABC News poll finds that 57 percent of those surveyed say an economic turnaround has not yet begun in the U.S. Gwen Ifill discusses what's next for the economy -- and the political implications -- with USA… Continue watching