by Ken Chase | Aug 12, 2023 | Banks, News
In separate announcements, The SEC and CFTC confirmed actions against Wells Fargo and ten other Wall Street companies. The charges allege that the companies failed to properly maintain records of their employees’ communications, as required by federal law. That...
by Ken Chase | Feb 26, 2023 | Banks, News
Estimated reading time: 2 minutes Several major banks have reportedly decided to restrict the use of OpenAI’s ChatGPT chatbot by their employees, according to a report this week from Bloomberg. The banks are apparently concerned about an array of issues related to the...
by Ken Chase | Feb 11, 2023 | Banks, News
Estimated reading time: 2 minutes Banking giant Wells Fargo has reportedly agreed to a $300 million settlement in a class action lawsuit related to the company’s alleged involvement in a collision protection insurance fraud scheme. The settlement was announced by...
by Ken Chase | Jan 26, 2023 | Banks, News
With Apple continuing its efforts to expand its operations into consumer banking services, several of the largest U.S. banks have reportedly come together to introduce a new digital wallet customers will be able to use for online shopping. Seven banks are involved in...
by Ken Chase | Jan 26, 2023 | Banks, Financial
Several of the largest banks in the United States are under increasing pressure to eliminate financing for so-called “fossil fuel” projects, according to a new report from Bloomberg. A recent statement from the Interfaith Center on Corporate Responsibility demands...
