by Ken Chase | Dec 2, 2023 | Banks, News
A special committee is being tasked with addressing recent FDIC toxic workplace allegations. That’s according to an announcement from the regulatory body. Federal Deposit Insurance Corporation Chair Martin Gruenberg has promised to make the agency’s alleged toxic...
by Ken Chase | Nov 25, 2023 | Banks, News
A group of Wells Fargo workers has filed a petition seeking a bank unionization vote. The petition, filed by employees at the bank’s Bethel AK and Albuquerque NM branches, notified the National Labor Relations Board of the groups plan to hold an election to unionize...
by Ken Chase | Nov 25, 2023 | Banks, News
A Deutsche Bank senior ESG executive is arguing that ESG funds should not exclude oil shares and other traditional energy. On Tuesday, the bank’s Private Bank chief investment officer, Markus Müller, said that those share options are vital for investors. Why ESG funds...
by Ken Chase | Nov 16, 2023 | Banks, News
In response to lawmaker pressure, the peer-to-peer payment service Zelle is reportedly refunding money lost by imposter scam victims. According to reports, banks using the Zelle network have been reversing fraudulent transfers initiated after June 30. What was the...
by Ken Chase | Nov 4, 2023 | News
On Wednesday, the Federal Reserve confirmed that it will continue its pause on increasing interest rates. That announcement had been expected by most analysts and will see those rates maintained at between 5.25% and 5.5%. The continued pause by the Federal Open Market...
