Wells Fargo was just slapped with the biggest fine in the history of the Consumer Financial Protection Bureau after employees routinely opened unauthorized accounts for existing customers. But that still doesn’t make it the worst bank in the country, at least according to a new analysis of retail banks. Factoring in complaints, penalties and responsiveness […]
Category: Business
‘Wells Fargo isn’t the only one’: Other bank workers describe intense sales tactics
Nearly a dozen current and former employees at large and regional banks such as Bank of America (BAC), Citizens Bank, PNC (PNC), SunTrust (STI), and Fifth Third (FITB) tell CNNMoney that a sales obsession pervades their banks. They say they too are under immense pressure to get customers to open multiple accounts. They described a […]
Bayer’s $66 billion deal for Monsanto is biggest takeover of 2016
To clinch a deal, Germany’s Bayer pumped even more money into its bid for the U.S. seed giant, valuing it at $66 billion, including debt. It’s the third time Bayer (BAYRY) has cranked up its offer, and this time it was enough to win the backing of Monsanto’s board. The takeover would create a vast […]
Musk’s bad day: Explosion + stock drops by Tesla, SolarCity = $390 million loss
CNBC’s Phil LeBeau reports on problems at Tesla and now SpaceX, after a rocket launch failed in spectacular fashion today. One of his rockets blew up, and he suffered a paper loss of about $390 million as the stock prices of two of his companies sank. Elon Musk was having a horrible day. No one […]
JonBenet grand jury vindicates case lead detective
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BP record $4bn penalty approved
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Republicans are on the right course for next fiscal fight
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10 new questions Congress needs to ask Clinton about Middle East policy
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60 Minutes Obama, Clinton interview heavy on laughs, light on substance
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March for Life shows media march in lockstep with pro-abortion groups
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State Department says Clinton wearing new glasses for health reasons
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Obama practices the divisive politics he eschews in Inaugural speech
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