Chris Arnold appears in the following:
Thursday, January 05, 2017
Donald Trump has nominated Jay Clayton, a Wall Street lawyer, to head the Securities and Exchange Commission. Critics say it's another example of Trump packing his Cabinet with Wall Street insiders.
Friday, December 30, 2016
Former workers at Wells Fargo who resisted pressure to push banking products on customers who didn't want them say the bank retaliated against them by docking their permanent record, sabotaging future job prospects.
Friday, December 23, 2016
Regulators reached a $7.2 billion deal with Deutsche Bank over toxic mortgage securities. President-elect Donald Trump owes the bank hundreds of millions. Credit Suisse agreed to pay $5.3 billion.
Wednesday, December 14, 2016
He's a billionaire respected by organized labor and Trump's pick for secretary of commerce. But Wilbur Ross Jr. still has left-wing critics who see him as a vulture capitalist.
Wednesday, November 30, 2016
Before the election, two prominent economists were predicting that the stock market would fall 12 percent lower if Trump won versus Clinton. But, as it often does, the market surprised everybody and went in the other direction.
Thursday, November 17, 2016
Janet Yellen warned Congress Thursday the timing might not be right for infrastructure spending and questioned Donald Trump's assertions that the Dodd-Frank stock market rules stifle economic growth.
Wednesday, November 16, 2016
We're about to find out whether Donald Trump governs as a populist champion or as a more traditional Republican when it comes to the economy — or a new mix of both.
Wednesday, November 09, 2016
In his acceptance speech, Trump pledges investments for U.S. infrastructure, adding a little specificity to his vague campaign promises. Skittish business leaders will watch who he puts on his team.
Friday, November 04, 2016
Elizabeth Warren and two other senators are asking the bank about reports of retribution against would-be whistleblowers. The senators cite NPR reports about workers who were fired or pushed to quit.
Thursday, November 03, 2016
With less than a week to go to voting day for the presidential election, and the race between Donald Trump and Hillary Clinton tightening, financial markets are starting to get the jitters. With the election almost upon us, the stock market is paying close attention — and that's unusual. Markets don't usually move too much based on who wins the presidency. But this time around it's a different story, and as Donald Trump's prospects have improved, stocks have been falling.
Friday, October 21, 2016
In the ongoing scandal engulfing Wells Fargo, the bank says it fired wrongdoers. But some workers say they were trying to blow the whistle and Wells Fargo fired them.
Friday, October 14, 2016
Wells Fargo's CEO has said the banking scandal was the the fault of some bad apples at the company who have been fired. But former workers are now speaking out and telling NPR they were "good apples," and they were fired, too. Some were fired after calling the company's ethics line repeatedly to complain about the gaming and fraud and oppressive sales culture at the company. And some say being fired by Wells Fargo a few years ago has badly damaged their careers ever since.
Wednesday, October 12, 2016
Wells Fargo CEO John Stumpf is retiring, effective immediately, in wake of the scandal over the bank's sales practices. Stumpf has been under fire since federal regulators fined the bank $185 million.
Tuesday, October 04, 2016
Wells Fargo workers blame a toxic high-pressure sales culture for pushing some workers to engage in deceptive practices — even in the bank branch at the company's headquarters in San Francisco.
Thursday, September 29, 2016
Wells Fargo CEO John Stumpf goes before the House Financial Services Committee on Thursday to further respond to questions about the misuse of customer accounts. Former employees are suing the bank.
Thursday, September 22, 2016
What can a city in decline do to make a comeback? In Springfield, Ohio, a new school is trying to turn the tide. But local leaders say keeping young people from moving away is key to economic revival.
Friday, September 09, 2016
Wells Fargo Bank is to pay $185 million in penalties after thousands of workers were found to have earned bonuses by illegally creating accounts for customers without their knowledge.
Thursday, September 08, 2016
Wells Fargo will pay $185 million in penalties following accusations the bank opened deposit accounts and credit cards for customers without their permission. The Consumer Financial Protection Bureau says bank employees opened more than 2 million accounts that may not have been authorized. The motive, according to regulator, was to hit sales targets and compensation incentives.
Tuesday, August 30, 2016
It's been almost a decade since the worse housing crash since the Great Depression. And while the housing market has healed in some ways, in others it's far from normal. Single family home construction is rebounding from the trough, but still far below historical norms and the homeownership rate just keeps falling.
Friday, August 26, 2016
The Consumer Financial Protection Bureau is sending undercover operatives to ferret out racial discrimination. They're called "testers" or "mystery shoppers" and pose as customers applying for loans.