When banks close checking and credit-card accounts because of “suspicious activity,” chaos and anxiety ensue. It doesn’t have to be this way.
Tag: Wells Fargo & Company
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Sex Workers Have Been Shunned by Banks, Even When Their Work Is Legal
Financial service companies often avoid what they deem high-risk industries like adult entertainment. When workers lose their accounts, they are left with few options.
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Jamie Dimon Warns of ‘Most Dangerous Time in Decades’ as Banks Report Big Profits
JPMorgan Chase and Wells Fargo said that consumers continued to borrow and spend, but their chiefs warned that risks were intensifying.
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Wells Fargo Beats Expectations but Sets Aside Money for Loan Losses
The U.S. economy “continues to perform better than many had expected,” said Charlie Scharf, the bank’s chief executive, but “there will likely be continued economic slowing.”
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Wells Fargo to Pay $1 Billion to Settle Lawsuit by Shareholders
A group of plaintiffs had claimed that the bank misled investors about its progress in cleaning up after a sham accounts scandal a decade ago.