Elizabeth Dexheimer | The Seattle Times

A Wells Fargo branch in New York, March 7, 2019. Wells Fargo has spent years publicly apologizing for deceiving clients with fake accounts, unwarranted fees and unwanted products, but bank employees say they remain under heavy pressure to squeeze extra money out of customers. (Jeenah Moon/The New York Times) XNYT43 XNYT43

March 12, 2019 at 4:07 pm

Wells Fargo CEO draws bipartisan rebuke at tough House hearing

As CEO Tim Sloan laid out his efforts to clean up the mess left from the bank’s scandals, lawmakers suggested regulators and other authorities should...

Business

Randal Quarles, founder and head of The Cynosure Group, a private investment firm, testifies before the U.S. Senate Committee on Banking, Housing, and Urban Affairs on his nomination to be a member of the Board of Governors of the Federal Reserve System on July 27, 2017 in Washington, D.C. (Ron Sachs/CNP/Zuma Press/TNS)

May 28, 2018 at 5:00 pm

Amazon’s finance ambitions reportedly draw attention from Fed

Fed Vice Chairman Randal Quarles, the U.S.’s most influential banking watchdog, has expressed concern about how tech companies could provide financial services outside of regulators’...

Business

October 25, 2017 at 5:44 pm

Banks notch up big win with vote to kill consumer watchdog’s arbitration rule

Vice President Mike Pence cast a tiebreaking vote in the Senate to all but kill the Consumer Financial Protection Bureau rule. The measure marks one of...

Business

September 29, 2017 at 5:50 pm

Finance industry sues consumer watchdog to overturn rule that makes it easier for customers to file lawsuits

The litigation challenges the Consumer Financial Protection Bureau’s controversial effort to curb forced arbitration.

Business

June 20, 2015 at 2:30 pm

U.S. Treasury chief says euro exit would hurt Greece

As the clock runs down on a June 30 deadline for Greece to make payments owed to the IMF, the U.S. Treasury secretary says its...

Business

A Citi Visa credit card is tendered at opening of the Superdry store in New York’s Times Square. (AP Photo/Richard Drew, File)

April 17, 2015 at 4:12 pm

Costco said to get sweet deal from credit-card companies

Costco is expected to pay almost nothing to two credit companies replacing American Express.

November 9, 2014 at 8:00 pm

Margaret Keane climbs from call center to CEO of U.S. bank Synchrony Financial | In Person

Margaret Keane often drives to work with her radio tuned to ESPN. While she doesn’t follow any team, it ensures she’s never left out of...

Business

June 7, 2014 at 9:00 pm

Wells Fargo ends interest-only home-equity loans

Wells Fargo, the biggest U.S. residential lender, has stopped offering most customers the interest-only version of its home-equity line of credit. New borrowers must repay...

Business

June 22, 2013 at 8:00 am

Goldman Sachs CEO leads banker pay list

Bankers at Goldman Sachs had a tumultuous 2012. The firm cut 900 jobs, promoted the fewest executives to partner in more than a decade and...

Business