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.
Bitcoin: The Future of Money or Road to Financial Ruin?Bitcoin had a rough week, with a flurry of rumors that China will shut down exchanges and the head of a major U.S. bank calling the cryptocurrency a "fraud."
Imminent Bitcoin Upgrade Risks Financial PanicAn internal dispute over the digital currency could soon mean financial losses, whipsawing prices and delays in processing payments.
Wells Fargo CEO Says Fixing Fake Accounts Will Take MonthsWells Fargo CEO Tim Sloan said the company could need several more months to resolve customer damage tied to its massive sales practices scandal.
Four Senior Managers Fired In Wells Fargo Sales ScandalWells Fargo's board of directors fired four senior managers as part of its investigation into the bank's sales practices scandal.