The Federal Reserve has concluded its investigation into Wells Fargo’s decades’ long practice of pressuring employees to open fraudulent accounts in the names of its customers to inflate its quarterly figures and rack up service charges.
The Fed has capped Wells Fargo’s capital growth, meaning the bank can’t grow, until the FedRead More
Stock indexes plunged on Friday, with the Dow Jones industrial average falling by more than 600 points mid-day.
“The S&P 500 and the Dow are both on track for their biggest one-week declines in more than two years,” Reuters reports. NASDAQ is on track to post the worst week since November 2016.
Daphne Caruana Galizia, one of the lead journalists on the Panama Papers story, has been assassinated by a car-bomb in the town of Bidnija in northern Malta.
The Panama Papers were a collection of leaked documents from the Panamanian law-firm of Mossack-Fonseca, and revealed the abuse of tax-havens by dictators, politicians, actors,Read More
It’s been a whole day since we learned about another example of systematic, widespread fraud by America’s largest bank Wells Fargo (ripping off small merchants with credit card fees), so it’s definitely time to learn about another one: scamming mortgage borrowers out of $43/month for an unrequested and pointless “home warranty service” from AmericanRead More