Emily Flitter
Posts
A Senate Democrat wants Wells Fargo’s C.E.O. to fix its problems ‘once and for all.’
Senator Sherrod Brown of Ohio, the chairman of the chamber’s banking committee, rebuked Charles W. Scharf for the bank’s continued problems.
Activist Investing Has Come for Fossil Fuels. What About Guns?
With politicians unwilling to act, some investors are trying to use shareholder resolutions to get gun makers to rein in their products.
At Wells Fargo, a Quest to Increase Diversity Leads to Fake Job Interviews
Black and female candidates are sometimes interviewed after the recipient of a job is identified, current and former employees say.
Bank of America will pay $10 million for improperly garnishing customer accounts.
The bank let creditors take funds from customers’ accounts even when state laws should have barred them from doing so. And it charged those customers...
A Market Mystery: The ‘Wheat Whale’ That Came Out of Nowhere
Who was behind the surge of trading in wheat futures last month? Some point to a group of Reddit users who mobbed an E.T.F. offering...
How Civil War History Explains Memestocks
In the 19th century, small investors played a big role in finance. Wall Street took it away. Redditors are trying to get it back.
Consumer Watchdog Wants Repeat Offender Banks Stripped of Licenses
Naming names, Rohit Chopra says big banks and other companies that break rules multiple times should face long-lasting consequences.
A Black homeowner is suing Wells Fargo, claiming discrimination.
A lawsuit filed in federal court in California says the bank’s lending algorithms draw on racist history to deny refinancings at a higher rate for...
Where State Farm Sees ‘a Lot of Fraud,’ Black Customers See Discrimination
The giant insurer is facing lawsuits from customers, agents and former employees accusing it of racial discrimination.
USAA is fined $140 million for bad money laundering controls.
Regulators say the bank, which mainly serves U.S. military members, failed to keep track of its customers’ suspicious activities despite repeated warnings that it needed...