U.S. banks dropped customers over political views, regulator says
The Office of the Comptroller of the Currency said nine of the top U.S. banks "debanked" customers over their political or religious views.
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The Office of the Comptroller of the Currency said nine of the top U.S. banks "debanked" customers over their political or religious views.
New details are emerging about China's exit ban on a U.S. government employee and a Wells Fargo banker. The State Department confirmed a U.S. Department of Commerce employee was blocked from leaving China. The Chinese government also shared new information about a Wells Fargo banker who was stopped from leaving the country. CBS News' Olivia Gazis has the latest.
China is refusing to let a U.S. Department of Commerce employee and a Wells Fargo banker leave the country, officials say.
Government watchdog claims Americans lost hundreds of millions to fraud related to the bank-operated mobile payments network.
Wells Fargo recently fired over a dozen employees for allegedly faking keyboard activity in an attempt to appear busy at work, according to a report from Bloomberg News. In light of that, Sanvi Bangalore, editorial intern with The Wall Street Journal, joined CBS News to discuss some of the tracking tools companies are now using to monitor their employees' productivity.
Wells Fargo fired over a dozen employees in May after investigating allegations that their keyboard activity was fake.
With Veterans Day falling on a Saturday this year, some banks weren't open on Friday and others will be closed on Saturday in observance of the federal holiday that honors Americans who served in the military.
Customers with several big U.S. banks expressed frustration after their paychecks didn't show up in their accounts.
Customers took to social media to express concern and frustration after payments didn't up up in their accounts.
Investors claimed the bank hadn't been honest about its progress in fixing its problems following scandal involving sham accounts.
T.D. Jakes, chairman and CEO of the T.D. Jakes Group, joins "CBS Mornings" to announce a new 10-year partnership with Wells Fargo to build inclusive communities. The partnership includes a commitment of up to $1 billion to fund various projects. Their first project is a mixed-income housing development in Atlanta at the site of a former Army base, Fort McPherson.
Wells Fargo has committed up to $1 billion to fund a variety of projects that foster community development.
Several major banks are seeing growth with the release of their first quarter earnings. The positive news comes a month after the collapse of Silicon Valley bank and Signature Bank. Jacob Sonenshine is a markets reporter at Barron's. He joins CBS News for more.
Forced sale of a storied investment bank and lax U.S. financial rules are renewing concerns about the banking sector.
According to the Labor Department, 311,000 jobs were added to the U.S. workforce in February. Sarah House, a senior economist at Wells Fargo, joins CBS News to discuss the latest jobs report and the role single women play in the nation's workforce.
A new study shows that Black communities have seen more wealth and net worth growth than other racial groups since the beginning of COVID. Jay Bryson, chief economist at Wells Fargo, joins "CBS News Mornings" to discuss the study's findings.
Emily Irwin, advice and planning executive for Wells Fargo Wealth and Investment Management, joins CBS News with some tips on how to spot potential financial red flags in your romantic partner.
Several big banks released better than expected 2022 fourth quarter earnings results. This comes amid rising concerns over a looming recession. Elaine Quijano and Michelle Miller are joined by Business Insider finance editor, Dan DeFrancesco.
Wells Fargo has agreed to pay $3.7 billion to settle allegations of charging customers illegal fees. Ann Berry, founder of Threadneedle Ventures, joins CBS News' Lilia Luciano to discuss the fallout.
"Wells Fargo's rinse-repeat cycle of violating the law has harmed millions of American families," CFPB director said.
Some employees at the fourth-largest U.S. bank say a union would prevent repeated scandals that have dogged the company.