Wells Fargo

2 weeks ago

Wells Fargo Halts China Travel After Staff Exit Ban

Banker Barred from Leaving Sparks Travel Freeze Wells Fargo has suspended all business travel to China after one of its senior bankers, Chenyue Mao, was blocked from leaving the country, according to

CFPB-Sues-Zelle-and-Major-U.S.-Banks-Over-Fraud-Allegations

Business

7 months ago

CFPB Sues Zelle and Major U.S. Banks Over Fraud Allegations

The Consumer Financial Protection Bureau (CFPB) has launched a lawsuit against Zelle, the leading peer-to-peer payments network, and three of its major bank partners—JPMorgan Chase, Bank of America, and Wells Fargo—alleging failures

moody’s-downgrades-u.s.-banks-after-sovereign-credit-cut

Business

2 months ago

Moody’s Downgrades U.S. Banks After Sovereign Credit Cut

Moody’s downgraded the long-term ratings of major U.S. banks, including JPMorgan Chase, Bank of America, and Wells Fargo, following its decision to strip the U.S. of its top triple-A rating due to