The American (and Canadian) dream hasn’t really changed in the past 50 years. You go to college, find a job, get married, buy a house, have a couple of kids and retire at 65. It’s pretty straightforward, but what would happen if that model were flipped upside down? If you skipped a few steps and […]
If you happen to be one of the owners of the 2 million or more accounts that Wells Fargo fraudulently created, the bank will be getting in touch asking if you need or want your credit cards. For many, the natural response probably would be disbelief at the sheer audacity of the question, prompting some […]
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 […]
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 […]
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