Wells Fargo to lay off nearly 200 employees in Winston-Salem
The bank is closing a downtown office in the city, according to a Worker Adjustment and Retraining Notification filed with the state.
Wells Fargo
In a lawsuit, CFPB says 3 top U.S. banks failed to protect consumers from Zelle fraud
The consumer financial watchdog says customers of the top three banks lost more than $870 million over seven years due to a lack of safeguards against fraud on the Zelle network.
Boeing's woes, Bilt jilts, and the Indicator's stock rally
Indicators of the Week are back! We are here, as always, to bring you the most fascinating snapshots from the week of economic news.
On today's show, we're digging into the embattled aerospace company, Boeing. We look at how paying your rent with a Wells Fargo credit card is costing the bank millions of dollars a month. And we learn how much richer the Planet Money coffers are after we invested in the funds that track stock trading by congresspeople and their families on both sides of the aisle.
Related Episodes:
Invest like a Congress member
Help Wanted at Boeing
ICYMI, preorder our new Indicator t-shirt at the NPR shop. For more ways to support our show, sign up for Planet Money+ where you'll get sponsor-free listening, bonus episodes, and access to even more Indicator merch.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
On today's show, we're digging into the embattled aerospace company, Boeing. We look at how paying your rent with a Wells Fargo credit card is costing the bank millions of dollars a month. And we learn how much richer the Planet Money coffers are after we invested in the funds that track stock trading by congresspeople and their families on both sides of the aisle.
Related Episodes:
Invest like a Congress member
Help Wanted at Boeing
ICYMI, preorder our new Indicator t-shirt at the NPR shop. For more ways to support our show, sign up for Planet Money+ where you'll get sponsor-free listening, bonus episodes, and access to even more Indicator merch.
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
Getting a measly interest rate on your savings? Here's how to score a better deal
Many big banks offer shockingly low interest rates on savings accounts. Moving your money to a smaller institution could bring better returns.
Wells Fargo to pay $3.7 billion settling charges it wrongfully seized homes and cars
The case marks the largest penalty ever imposed by the federal watchdog agency the Consumer Financial Protection Bureau. Customers who were harmed will receive $2 billion in restitution.
Wells Fargo Fires More Than 100 Employees Accused Of Coronavirus Relief Fraud
The employees' alleged actions were outside of their work responsibilities and do not involve Wells Fargo's customers, the company said. The bank says it's cooperating with law enforcement.
Wells Fargo Sees First Quarterly Decline Since 2008
A bank with a large presence in North Carolina says it has recorded its first quarterly loss since the real estate crash more than 10 years ago.
'We Still Face Much Uncertainty': Pandemic Hammers Big Banks
The dramatic collapse of the U.S. economy is pummeling America's largest banks. Wells Fargo has posted its first quarterly loss since 2008 and JPMorgan Chase has set aside billions to cover bad loans.
Wells Fargo CEO: 'We Have Not Done What's Necessary To Address Our Shortcomings'
Charles Scharf told lawmakers that the company's structure and culture "were problematic." But he projected confidence that it could win back the public's trust after years of scandals.
Wells Fargo Officials Resign Days Before They Were Set To Testify Before Congress
Elizabeth Duke and James Quigley were scheduled to testify. Democrats last week said Wells Fargo was slow to "correct serious deficiencies in its infrastructure for managing risks to consumers."