Wells Fargo

Wall Street Gets Shaken: First-Ever Major Bank Unionization Vote Rocks Wells Fargo

Employees at a Wells Fargo bank in New Mexico have voted to unionize, marking the first time in modern history that workers at a major U.S. bank have sought to organize.

Wells Fargo to pay $110 million settlement over accounts scandal

US bank Wells Fargo has agreed to pay $110 million as settlement for the 11 class-action lawsuits brought by customers who had accounts opened without their permission.

Wells Fargo reshuffles execs, demotes three managers over fake account scandal

Scandal-ridden bank initiates organizational clean-up due to alleged mistreatment of workers aside from the popular fake account scandal. Wells Fargo vows to be a more streamlined, efficient and consistent consumer bank.

Wells Fargo Donates $50,000 for San Bernardino shooting victims

Wells Fargo & Company announced Tuesday that it will give $50,000 to the San Bernardino United Relief Fund to help the families of the victims of the shoot out.

Major U.S. Banks Raise Prime Rates After Federal Reserve Hike

Major U.S. banks raised their prime rates, a benchmark for a wide range of consumer and commercial loans, for the first time since 2006 on Wednesday, following a rate hike from the Federal Reserve. While the Fed has no direct influence on the prime rate, it is typically closely correlated to changes in the target federal funds rate.

Wells Fargo to pay $81.6M to homeowners in bankruptcy

Wells Fargo - one the largest banks and 30th biggest corporation in the US- has come to a settlement with the US Trustee Program of the Department of Justice over errors in sending out Payment Change Notices.

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Brothers Arrested After Planning to Steal $25M in Cryptocurrencies from Ethereum Blockchain

According to a recently released indictment, two brothers from New York and Boston were placed under federal arrest on Tuesday.

Don’t Sweat the Bills: Resources to Help You Pay for Utilities

The most recent data from the Consumer Price Index shows that, from March 2023 to March 2024, the index for electricity increased by 5%, which is more than economists would want to see. (Electricity rates increased by 0.9% from February to March 2024.)

Social Security 2025: Cost-of-Living-Adjustment Increased to 3.2%, But Will It Keep Up?

After the government announced that April inflation was in line with experts' predictions, the most recent estimate of Social Security's cost-of-living adjustment 2025 increased to 3.2%, according to new figures released on Wednesday.

Real Estate Not Stocks Give the Greatest Long-Term Investment, Survey Shows

According to a recent Gallup poll, even though the majority of Americans have money stashed away in the stock market, they don't think it makes the greatest long-term investment. What then is it?

Hong Kong's Status as an International Financial Center at Crossroads

Hong Kong lost its status as a global financial hub amidst shifting rankings and regulatory hurdles. Read the implications of China's tightening grip and cross-border capital flow uncertainties.