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Wells Fargo fined $185M for fake accounts
Bank says it fired roughly 5,300 workers during a five-year period for their involvement         
25415 points by Arizona Republic | Los Angeles Wells Fargo Bank of America First Interstate Bancorp Bank American Express Los Angeles County California Cheque
5,300 Wells Fargo staff fired over bogus accounts
Bank says it fired roughly 5,300 workers during a five-year period for their involvement         
25415 points by Arizona Republic | Los Angeles Wells Fargo Bank of America First Interstate Bancorp Bank American Express Los Angeles County California Cheque
Wells Fargo fined $185M for fake acounts; 5,300 were fired
Bank says it fired roughly 5,300 workers during a five-year period for their involvement         
-1 points by Arizona Republic | Los Angeles Wells Fargo Bank of America First Interstate Bancorp Bank American Express Los Angeles County California Cheque
The Wells Fargo scandal should scare you
It's not an otherwise just banking system corrupted by a single, tainted credit card scheme. It's "extreme capitalism" preying on trusting customers.
4468 points by CNN | Bank Bank of America Economics Money Credit card American Express Cheque Credit history
Wells Fargo employees fired over bogus accounts
Bank says it fired roughly 5,300 workers during a five-year period for their involvement         
25415 points by Arizona Republic | Los Angeles Wells Fargo Bank of America First Interstate Bancorp Bank American Express Los Angeles County California Cheque
Wells Fargo to pay $185 million, fire 5,300 workers over allegations employees opened fake accounts
City and federal officials have accepted a $185 million settlement with Wells Fargo over allegations that the bank’s employees, driven by strict sales quotas, regularly opened new accounts for customers without their knowledge.
652 points by The Denver Post | Wells Fargo Los Angeles The Los Angeles Times First Interstate Bancorp City Beverly Hills California Bank of America San Fernando Valley
Wells Fargo fined $185M: Things to know

6 points by Atlanta Journal Constitution | Bank of America Wells Fargo The Los Angeles Times Need to know Federal Bureau of Investigation Los Angeles American Express Cheque
Wells Fargo fined $185M for unauthorized accounts; fires 5,300
Bank says it fired roughly 5,300 workers during a five-year period for their involvement         
25415 points by Arizona Republic | Los Angeles Wells Fargo Bank of America First Interstate Bancorp Bank American Express Los Angeles County California Cheque
Wells Fargo fined $185M for unauthorized accounts; says it has fired 5,300
Bank says it fired roughly 5,300 workers during a five-year period for their involvement         
-1 points by Arizona Republic | Los Angeles Wells Fargo Bank of America First Interstate Bancorp Bank American Express Los Angeles County California Cheque
Wells Fargo fires 5,300 workers, fined $185 million in 'outrageous' fraud case
California and federal regulators fined Wells Fargo a combined $185 million on Thursday, alleging the bank's employees illegally opened millions of unauthorized accounts for their customers in order to meet aggressive sales goals.
-1 points by Arizona Daily Star | Credit card Los Angeles Authorization Bank of America Federal Bureau of Investigation Wells Fargo Money Debit card
Wells Fargo fined $185M for unauthorized accounts
Investigators say the bank opened more than 2 million deposit and credit card accounts         
25415 points by Arizona Republic | Wells Fargo Bank of America Los Angeles First Interstate Bancorp Bank American Express Cheque Federal Bureau of Investigation
Wells Fargo fined $185M for bonus scam; 5,300 employees reportedly fired
Doug G. WareWASHINGTON, Sept. 8 (UPI) -- Regulators have fined Wells Fargo Bank nearly $200 million for a scam that opened millions of fake accounts to meet quotas and generate bonuses, officials said.
411 points by UPI | Wells Fargo Bank of America Cheque Penalty Overdraft Bank Wachovia American Express
Credit card sensation: The hottest new plastic is metal
NEW YORK — The demand has been so overwhelming that the manufacturer ran out of raw material in just a few days. Enthusiasts extol its virtues all over the internet. Millennials are clamoring for it.It's not a new video game, or some fancy food craze, or even Apple's latest iPhone, but a credit card.Calling it plastic wouldn't do it justice. It is a high-end, high-fee, high-reward card made of a metallic alloy that gives it a satisfying heft and an impressive thunk when you toss it onto the table to pick up the check.
-1 points by Boston Herald | American Express Credit cards JPMorgan Chase Centurion Card Credit card Bank of America Departures Magazine Credit history
Wells Fargo Fined for Years of Harm to Customers
Federal banking regulators say that the bank issued unauthorized credit cards and charged late fees on accounts created by bank employees without customers’ knowledge.
21 points by The New York Times | Bank Wells Fargo Bank of America Consumer protection Banking Cheque Los Angeles Office of Fair Trading
Wells Fargo fined $185M for employee bonus scam
Doug G. WareWASHINGTON, Sept. 8 (UPI) -- Regulators have fined Wells Fargo Bank nearly $200 million for a scam that opened millions of fake accounts to meet quotas and generate bonuses, officials said.
318 points by UPI | United Press International Wells Fargo Bank of America William Randolph Hearst Penalty Cheque Overdraft News World Communications
The hottest new plastic is metal
The Chase Sapphire Reserve Card has become the hottest card on the market just two weeks after being introduced.
-1 points by Chicago Sun-Times | JPMorgan Chase Credit card Bank of America Credit history American Express J.P. Morgan & Co. Credit cards Washington Mutual
Wells Fargo to pay $150 million-plus over allegations its workers opened fake accounts
City and federal officials have reached a settlement of at least $150 million with Wells Fargo over allegations that the bank’s employees, driven by strict sales quotas, regularly opened new accounts for customers without their knowledge. The settlement, according to documents reviewed by The Times,...
8774 points by Los Angeles Times | Wells Fargo Lawsuit Bank of America Credit card Los Angeles Bank Fraud Dispute resolution
Allegiant air has new points program
But don't call it a 'frequent-flier' program, says the Las Vegas-based discount airline.         
338 points by Arizona Republic | Loyalty program Credit card Bank of America Allegiant Air The Card Car rental Vice President of the United States
Houston man sentenced for Crosby bank robbery
Dominic Renard Lindsey, 32, was sentenced to 11 years and three months in federal prison for a May 18 Crosby bank robbery. 
-1 points by The Houston Chronicle | Criminal law BBVA Compass Bank robbery Bank Federal government of the United States Cartridge Legal terms Bank of America
Sioux tribe wins partial halt to Dakota pipeline in federal court
The Standing Rock Sioux tribe’s request for a temporary stop work order on the Dakota Access Pipeline has been granted by a federal judge. Sacred sites in North Dakota were bulldozed over the weekend, a day after the tribe identified them in court papers. Read Full Article at RT.com
1540 points by Russia Today | Sioux Missouri River North Dakota South Dakota Construction Lakota people Standing Rock Indian Reservation Bank of America
How global banks handled laundered Russian cash

-1 points by CNN | Money laundering Bank Bank of America Suspicious activity report Police Citigroup BNP Paribas Financial services
#NoDAPL: ING bank sells loan shares in controversial pipeline
Financial giant ING has sold its stake in its financing of the Dakota Access Pipeline as a result of a divestment campaign to stop the $3.8 billion pipeline from going ahead, marking a victory for the Standing Rock Sioux tribe and its supporters. Read Full Article at RT.com
-1 points by Russia Today | Native Americans in the United States Bank of America Sioux North Dakota BNP Paribas Lakota people Standing Rock Indian Reservation South Dakota
Trump tax cuts could boost profit $12 billion at big U.S. banks
The six largest U.S. banks could see annual profit jump by an average of 14 percent if President Donald Trump delivers on his promise to cut corporate taxes.
5 points by The Denver Post | Taxation Corporate tax Tax Progressive tax Goldman Sachs Taxation in the United States Income tax Bank of America
Multi-billion dollar investors urge bankers to divest from #DAPL
More than 120 investors with over $650 billion in assets in banks financing the Dakota Access Pipeline have called on the financial institutes to support the Standing Rock Sioux Tribe’s call to have the pipeline rerouted from Native American land. Read Full Article at RT.com
110 points by Russia Today | Bank of America Finance BNP Paribas Boycott Pension Wells Fargo Balance sheet Asset
Wells Fargo execs unlikely to get bonuses after scandal
Like many of their own customers, Wells Fargo’s top executives are about to be in for a shock when they check their bank accounts. Top Wells Fargo executives, including Chief Executive Tim Sloan, likely won’t get a bonus this year after a fake accounts scandal sullied the bank’s reputation and weighed heavily on its shares,...
16 points by New York Post | Wells Fargo Cheque Native Americans in the United States North Dakota Bank of America Indian reservation Banking Bank
Seattle becomes the first city to sever ties with Wells Fargo in protest of Dakota Access pipeline
With supporters carrying signs saying “Make big business pay” and Native American activists performing an “honor song” in gratitude, the Seattle City Council on Tuesday voted to make this the first city in the nation to ends its relationship with a bank in protest of the Dakota Access pipeline....
230046 points by Los Angeles Times | North Dakota Seattle Sioux Bank Wells Fargo City Councillor Bank of America
Rising gold, interest rates could spell trouble
What could spook the markets and cause market turbulence to shoot higher?         
-2 points by Arizona Republic | Stock market Wall Street Crash of 1929 Merrill Lynch Bank of America Investment Donald Trump Bond Stock
Trump is letting the Wall Street foxes guard the hen house
To the editor: I highly object to the headline, in that it mischaracterizes what’s actually happening. In truth, President Trump is planning to rescind protective measures for the nation’s consumers and the financial system. (“Trump orders review of Dodd-Frank financial regulations, suspends retirement...
2 points by Los Angeles Times | Washington Mutual JPMorgan Chase Debt President of the United States Executive Chase People from New York City Bank of America
Banks lead stock surge as investors hope for regulation cuts
NEW YORK (AP) — Banks and other financial companies made big gains Friday after President Trump moved to scale back regulations on the financial industry. Other stocks also rose as investors were also pleased that employers hired workers at a…
-2 points by Arizona Daily Star | Atherosclerosis Morgan Stanley Goldman Sachs Cardiovascular disease Bank of America Banks based in New York City
Vice CEO Shane Smith Named Keynote Speaker for Variety’s Dealmakers Event
Shane Smith, co-founder and CEO of Vice Media, will serve as the keynote speaker at Variety’s Dealmakers breakfast on Dec. 14. The event, held in Beverly Hills, fetes the powerbrokers and kingmakers of the entertainment industry and coincides with Variety’s annual Dealmakers Impact Report, focusing on key players driving the most significant deals in the... Read more »
7 points by Variety | The Walt Disney Company Walt Disney Merrill Lynch Bank of America Keynote Management occupations Executive officer Robert Iger
JPMorgan Chase to pay $264 million to settle foreign bribery
Vying for lucrative deals in China, JPMorgan Chase deployed all the usual wining-and-dining tactics that big banks use to woo clients. JPMorgan, federal authorities now say, also had ways of sweetening the deal that crossed a legal line.
18 points by Pittsburgh Post-Gazette | United States Department of Justice U.S. Securities and Exchange Commission Bank of America Federal Bureau of Investigation Bank Federal Reserve System Federal government of the United States Bribery
Wells Fargo opens fewer accounts following sales scandal but deposits still climb
Wells Fargo & Co. brought in fewer new customers and saw more existing ones close their accounts in October, the first full month since the San Francisco bank’s sales scandal came to light. The bank reported Thursday that it opened about 300,000 new checking accounts last month, down 27% from September...
17 points by Los Angeles Times | Cheque Bank of America Bank Bookkeeping Credit card Wells Fargo Customer service American Express
Morgan Stanley to hire 800 people in Baltimore
Morgan Stanley said Thursday it plans to deepen its presence in Baltimore, hiring 800 more people over the next four years and opening a second office in the heart of traditional downtown. The expansion plans, which nearly double the firm's footprint in the city, are tied to a $5 million package...
-2 points by Baltimore Sun | Loyola University Maryland New York City Maryland Morgan Stanley Baltimore Howard County Maryland Bank of America U.S. state
JPMorgan Chase to pay $264M in Chinese bribery case
JPMorgan Chase & Co. has agreed to pay $264.4 million in fines to federal authorities to settle charges that it hired friends and relatives of Chinese officials in order to gain access to banking deals in that country. JPMorgan’s Asia affiliate allegedly created a quid pro quo program that would hire the children and friends...
7 points by New York Post | Credit card U.S. Securities and Exchange Commission Quid pro quo English-language films Bank of America JPMorgan Chase American films Tony Blair
JPMorgan Chase to pay $264 million in Chinese bribery case
JPMorgan Chase & Co. has agreed to pay $264.4 million in fines to federal authorities to settle charges that it hired friends and relatives of Chinese officials in order to gain access to banking deals in that country.  JPMorgan's Asia affiliate allegedly created a quid pro quo program that would...
41 points by Los Angeles Times | Credit card U.S. Securities and Exchange Commission Quid pro quo English-language films Bank of America JPMorgan Chase American films Tony Blair
At Wells Fargo, Complaints About Fraudulent Accounts Since 2005
Employees tipped off the bank’s ethics hotline, human resources department and even the chief executive, but the problems persisted.
1395 points by The New York Times | Wells Fargo Bank Bank of America Termination of employment John Stumpf
Police charge a dozen men in New Jersey ATM skimming scheme
NEWARK, N.J. (AP) - Federal authorities say a dozen men have been charged for their roles in an ATM skimming scheme that targeted victims in New Jersey. NJ.com reports (http://bit.ly/2f6SjHa ) authorities say the suspects used electronic card-reading devices and pinhole cameras placed on ATM machines to illegally obtain sensitive ...
1 points by The Washington Times | New Jersey Personal identification number Bank of America New York City Pinhole camera English-language films Fraud United States
9 people injured, 44 arrested in Charlotte night riots - police chief
The second night of violent protests in Charlotte resulted in 9 people injured and 44 arrested, according to the city's police chief. He refused to make public the tape of the fatal police shooting of a black man that led to protests. Read Full Article at RT.com
802 points by Russia Today | Demonstration Protest Riot Charlotte North Carolina North Carolina Bank of America Police brutality Activism
Making bank: The 10 best-paid bankers (and not all are CEOs)
Want a $17.6M paycheck without being a CEO? Work at a bank.         
123 points by Arizona Republic | Chief executive officer Executive officer JPMorgan Chase Chief executives Management occupations Corporate governance Washington Mutual Bank of America
State of emergency: 1 shot, troops deployed as police brutality protests turn violent in Charlotte
One person has been shot in Charlotte, North Carolina protests against the fatal police shooting of Keith Lamont Scott. Riot police are firing tear gas into the crowd. The governor declared a state of emergency and ordered in National Guard and state troopers. Read Full Article at RT.com
5334 points by Russia Today | Bank of America Riot Constable Police New Orleans Hornets Bank of America Stadium Gateway Station Trade and Tryon
What happened in Charlotte: Videos, images from violent protests
Social media brought images from the violent protests in Charlotte, N.C., home.       
10215 points by USA Today | Protest Riot North Carolina Civil disobedience Protests Demonstration Bank of America Bank of America Stadium
State of Emergency: Charlotte protests continue for second night
Police responded to a call at about 8:30 p.m. ET Wednesday night and discovered a person with an apparent gunshot wound.         
1382 points by Arizona Republic | Police Twitter Bank of America North Carolina Protest Charlotte North Carolina Constable Anthony Foxx
Charlotte protest: State of emergency declared
US city hit by violent protests after fatal police shooting of black man said to have been unarmed.
978 points by Al Jazeera English | Civil liberties North Carolina Pepper spray Bank of America Bank of America Stadium CS gas American Civil Liberties Union Hotel
Fair Game: In Wells Fargo’s Bogus Accounts, Echoes of Foreclosure Abuses
The bank’s practice of opening fake accounts and charging customers fees to do so has parallels with its mistreatment of some borrowers after the financial crisis.
2159 points by The New York Times | Judge Mortgage Wells Fargo U.S. state Bank of America Foreclosure Loan Debt
Scene in Charlotte After Shots Fired
At least one person was shot on Wednesday night during protests in uptown Charlotte, N.C., about the fatal shooting of Keith L. Scott by the police.
668 points by The New York Times | Ban Ki-moon North Carolina United Nations Humid subtropical climate Vietnam War Bank of America Shooting Attack
N.C. Gov. declares state of emergency following violent Charlotte protests
The protests come in the wake of a police-involved shooting that left an African American man, dead.        
16036 points by Detroit Free Press | Police Police brutality Police officer Constable North Carolina Black people Bank of America Charlotte North Carolina
At Wells Fargo, workers say, sales focus was all-consuming
NEW YORK (AP) — It began with the constant and compulsive pressure to sell. Then came stress-induced health problems. Wells Fargo employees, both current and former, say they spent every day frantically trying to persuade customers to open more accounts…
-1 points by Arizona Daily Star | Bank Banking Cheque Wells Fargo Credit union Overdraft Bank of America Credit card
Tourists from China biggest spenders overseas in 2015
When it comes to traveling and spending abroad Chinese tourists can’t be beat. The World Tourism Cities Federation (WTCF) says $215 billion was spent by Chinese travelers last year, which is 17 percent of global travel expenses. Read Full Article at RT.com
66 points by Russia Today | Tourism World Tourism Organization United States United Nations Bank of America Travel Merrill Lynch Recreation
‘You should resign,’ Elizabeth Warren tells Wells Fargo CEO
The most anticipated face-off of Tuesday’s Senate Banking Committee hearing did not disappoint: Democratic firebrand Sen. Elizabeth Warren grilled Wells Fargo CEO John Stumpf in a blistering exchange where she accused him of “gutless leadership.”
17 points by Las Vegas Review-Journal | Wells Fargo Question Termination of employment Bank Sentence U.S. Securities and Exchange Commission Bank of America Interrogative word
Wells Fargo CEO John Stumpf is not any of these things
Wells Fargo updates: Elizabeth Warren rips into CEO's 'gutless leadership' Sept. 20, 2016, 11:59 a.m. Wells Fargo Chief Executive John Stumpf testified today before the Senate Banking Committee, which grilled him on the bank's admission that employees created some 2 million fake accounts to meet...
13 points by Los Angeles Times | United States Senate Wells Fargo Bank of America Credit score Credit