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Banks Should Have Better Customer Relations When Closing an Account
Posted inBank of America Corporation Banking and Financial Institutions Citigroup Inc Consumer Financial Protection Bureau Customer Relations JPMorgan Chase & Company Personal Finances Wells Fargo & Company

Banks Should Have Better Customer Relations When Closing an Account

When banks close checking and credit-card accounts because of “suspicious activity,” chaos and anxiety ensue. It doesn’t have to be this way.
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Posted by By Ron Lieber
A C.E.O. Who Resigned in Scandal Now Wants More Money
Posted inBanking and Financial Institutions Executive Compensation Sloan, Timothy J Suits and Litigation (Civil) Wells Fargo & Company

A C.E.O. Who Resigned in Scandal Now Wants More Money

Timothy J. Sloan was criticized for failing to clean up Wells Fargo’s troubled culture when he headed the bank. He says in a suit that he’s owed at least an additional $34 million.
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Posted by By Rob Copeland
Sex Workers Have Been Shunned by Banks, Even When Their Work Is Legal
Posted inBanking and Financial Institutions JPMorgan Chase & Company Personal Finances Prostitution Regulation and Deregulation of Industry United States Venmo Wells Fargo & Company

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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Posted by By Tara Siegel Bernard
Jamie Dimon Warns of ‘Most Dangerous Time in Decades’ as Banks Report Big Profits
Posted inBanking and Financial Institutions Company Reports Dimon, James Inflation (Economics) Israel-Gaza War (2023- ) JPMorgan Chase & Company Scharf, Charles W Wells Fargo & Company

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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Posted by By Rob Copeland and Stacy Cowley

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