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Wells Fargo

The Takeaway

American Express Latest Victim of Major Cyber Attacks

Friday, March 29, 2013

If you have an American Express account and you tried to check your balance or see your statement yesterday, you may have been confronted with a blank screen, or some strange, ancient typeface. It wasn't just you.

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WNYC News

Sandy Victims Waiting Weeks for Relief Checks, Study Finds

Tuesday, February 12, 2013

Thousands of Sandy Victims in New York have been forced to put off repairs to their damaged homes as they wait weeks for insurance checks, according to an investigation by the state's Department of Financial Services.

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Transportation Nation

Bank Robber Tries To Use Metro As Getaway Vehicle

Monday, December 31, 2012

Dupont Circle Metro Station (photo by posixeleni via flickr)

(Patrick Madden, WAMU) D.C. Police have identified an alleged bank robber who tried to use the Metro as his getaway vehicle.

The Metropolitan Police Department says officers arrested 57-year-old Scott Lee Feuer of southeast Washington D.C. in connection with the robbery Friday.

Police say the robbery happened at a Wells Fargo bank on K Street at about 10 a.m. Friday. Police asked Metro Transit Police to hold trains at the Dupont Circle stop after the suspect fled in that direction and authorities were able to arrest Feuer on a train bound for Silver Spring.

Police say detectives are investigating whether the suspect may have been involved in other crimes.

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New Tech City

Are Americans Ready for Banking via Social Media?

Tuesday, October 23, 2012

A bank in South Africa announced this summer that its mobile banking customers will now be able to conduct transactions and monitor their accounts through Facebook. This type of cross-pollination between banks and social media does not yet exist in the United States, but it could be coming.

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The Takeaway

JPMorgan and Wells Fargo Release Earnings Reports

Friday, July 13, 2012

It has been a tumultuous year for big banks, and today is turning out to be no different. JPMorgan and Wells Fargo released their earnings reports today.

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The Takeaway

Wells Fargo to Pay $175 Million Settlement in Discrimination Lawsuit

Friday, July 13, 2012

A court has ruled that Wells Fargo will pay $175 million as a result of a lawsuit based on discriminatory actions of the firm from 2004 to 2009. The Assistant Attorney General for the U.S. Justice Department's Civil Rights Division talks about the recent court ruling and what it could mean for the sinister trend of discrimination in the banking industry.

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The Takeaway

Goldman Sachs and Bank of America to Report Earnings

Tuesday, October 18, 2011

Bank of America and Goldman Sachs are scheduled to release their earnings reports for the third quarter today. Yesterday, Citigroup reported a 74 percent rise in their earnings and Wells Fargo reported a 21 percent increase, and last week JP Morgan reported a 4 percent fall in profits. Morgan Stanley and U.S. Bancorp are expected to release their reports on Wednesday.

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WNYC News

Wells Fargo Pays $24 Million Over 'Pick-A-Payment' Loans

Wednesday, October 06, 2010

Wells Fargo announced it will pay $24 million to eight states including New Jersey to end investigations into whether the company deceived homeowners when it offered them risky mortgages.

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