Wells Fargo may not have explicitly admitted wrongdoing in the creation and use of sham accounts tied to client activity, but the firm announced on Tuesday (Sept. 13) it was taking at least some steps toward changing its corporate culture. Via press release, the financial...
When the Federal Reserve ticked the interest rate up to 0.25 for the first time in a decade last December, it was something of big moment — it was the first time the rate has been above zero in almost a decade. Get the Full Story Complete...
Wells Fargo recently found itself in hot water for creating bogus bank accounts for its customers and now has to pay a $185 million fine to settle the charges. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The Wells Fargo debacle gets more outrageous as the executive in charge during the time of the fraud takes a timely retirement and $125 million. While the shareholders will bear the cost of the largest ever CFPB fine, there is no sign that Carrie Tolstedt...
In the wake of firing more than 5,300 employees and paying $185 million in fines to help settle an investigation into what some have called “sham bank accounts” created without express permission from clients, Wells Fargo has express regrets — but stopped short of agreeing...
FinovateFall 2016 is already shaping up to be the ground zero for big announcements. And one of note is Urban FT’s new Workshop management portal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Mexican bank Bankaool said on Tuesday (Sept. 6) that it had reached 65,000 accounts, most of them initiated online, since launching its digital banking platform in late 2015. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
In 1947 a carpenter from Billund, Denmark came up with the single greatest design innovation in the history of toys. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Digital alternatives may rid the world of some of life’s inconveniences, but for the banking sector, a trip to the local branch is not yet replaceable. Although consumers are increasingly turning to digital banking services, many still cling to the services of their brick-and-mortar counterparts...
