Good Samaritans Rally To Help Bay Area Man After EDD Payments FrozenMore than a million unemployed Californians were asked to re-verify their identities by the state's Employment Development Department and saw payments suspended right before the new year.
Cannabis Industry Group Partners With North Bay Credit Union To Offer Banking ServicesA California cannabis industry group announced Tuesday that it reached an agreement with a Bay Area-based credit union that will provide checking, wire transfers and other banking services for more marijuana companies.
EDD Benefits Thieves Now Targeting Victims' Bank Accounts; 'My Identity Is Being Hijacked'Imagine discovering one day that your bank account has been hijacked by an imposter who has stolen all your money. It's the latest twist in a hacking epidemic involving unemployment debit cards that KPIX 5 was first to expose last fall.
Wells Fargo CEO Apologizes For Memo Comment On Black Talent Pool Wells Fargo CEO Charlie Scharf has apologized after he blamed the lack of diversity at the San Francisco-based bank on "a very limited pool of Black talent to recruit from."
Bank of America Raising Employees Minimum Wage To $20The American job market remains tight, and banks are scrambling to find people who want to work at their branches. That's why Bank of America is raising its minimum wage to $20 an hour in 2020 — a year earlier than expected.
Chase X Essence Presents Currency Converstions To Raise Financial LiteracyJP Morgan Chase's La Sandra Hunt and Kimberly Nash talk to Black Renaissance about the next in a series of Currency Conversations to help woman raise their financial literacy.
Essence Launches 'Currency Conversations' To Help Black Women Achieve Financial SuccessEssence Magazine has teamed up with Chase Bank to launch a series of 'Currency Conversations' to help black women across America achieve financial success.
Wells Fargo Plans Major Staffing Cuts; Up To 26,500 Jobs Over 3 YearsWells Fargo plans to cut as many as 26,500 jobs over three years as the troubled bank grapples with the rise of online banking and soaring legal bills.
WSJ: Feds Investigating Wells Fargo's Wholesale Banking UnitThe Wall Street Journal is reporting that the Justice Department is investigating potential employee fraud at Wells Fargo's wholesale banking unit.
Facebook: We're Not 'Actively' Seeking Consumers' Banking DataFacebook says it's not "actively" seeking consumers' banking data.
Another Wells Fargo Mess: Pet Insurance RipoffWells Fargo has begun refunding customer who were harmed when the bank charged them for products including pet insurance.
BofA To Stop Lending To 'Military-Style Firearms' ManufacturersBank of America plans to stop lending to manufacturers of "military-style firearms" used by civilians, an executive told Bloomberg.
Federal Reserve Imposes New Penalties on Wells FargoThe Federal Reserve is imposing more penalties on Wells Fargo, freezing the bank's growth until it can prove it has improved its internal controls.
Wells Fargo Fires Head Of Consumer Lending For MisconductWells Fargo has fired one of its most powerful executives for misconduct.
The ATM at 50: How Robotic Tellers Transformed BankingFor the banking industry, ATMs meant banks could be in thousands of places at once, not just in branches, and earn billions in fees from non-customers.