Wells Fargo

Banking on Hype: Wells Fargo and Barclays Acquire Token and KYC Blockchain Patents

<b>Two of the world’s larger banks recently acquired three distinct patents in the field of</b> <b>blockchain technology</b><b>.</b><p>Wells Fargo’s, aptly titled “Data …

Blockchain

It's Getting Tougher for Big Banks to Add Mobile Users

The biggest banks’ push into mobile is running out of low-hanging fruit.<p>Bank of America Corp. added active mobile customers at a slower pace for at …

Bank of America

'Our Job Is To Transport The Most Precious Cargo': School Bus Drivers Compete At Safety Competition

<i>Follow CBSPHILLY Facebook Twitter</i><p><i>PHILADELPHIA (CBS) —</i> When Doug Smith steps onto a 30,000-pound yellow school bus, it’s not the only weight he’s …

Transportation

Wells Fargo May Not Have Been The Only Bank Making Fake Accounts

You know about Wells Fargo creating fake accounts to pump up their numbers but did you know they are not alone in that practice?The post Wells Fargo …

Finance

Wells Fargo pledges to give away $400 million this year

The annual total is a big jump, comes amid tough PR times for the bank.

Finance

Philadelphia 76ers: Expect a response for Mike Muscala from Joel Embiid

After bad-mouthing the Philadelphia 76ers and its star player Joel Embiid, Mike Muscala should expect a response from Embiid, both on Twitter and at …

NBA

Cardi B's husband Offset is 'very concerned' about his wife and new baby after possession arrest

He was recently arrested for carrying a weapon while on probation stemming from a 2016 incident.<p>And while Offset was released on bond from the …

Pop Music

Why The Old Guard Hates Bitcoin

<i>Legendary investor Warren Buffett recently called bitcoin “rat poison, squared.” Cryptocurrency expert Teeka Tiwari acknowledges Buffett is the</i> …

Investing

Banks Freed From Branches Use Mobile Apps to Go After Customers

Banks are going even more mobile.<p>U.S. Bancorp this week was the latest to say it will build a nationally available checking-account product as …

Banking

These Are the Stocks America’s Billionaires Are Betting Big on in 2018

When hedge fund billionaires like Warren Buffett make financial moves, investors watch closely. People hurry to buy and sell stocks after just a few …

Investing

Stock Market Gets Boost As Good Earnings Reports Erase Last Quarter's Skepticism

<i>The Wall Street Journal</i> commits an error in “Big 6 Banks (*) Leave S&P Behind After Posting Strong Profits” (on page B-1 in July 19 print edition). The graph supporting this better-than-market interpretation focuses on too short a period – from July 12, the day before JP Morgan Chase, Citigroup and …

Stock Markets

American Express Spent 2.4 Billion On Rewards In A Single Quarter...

Risk vs. reward, take two…<p>Just last week J.P. Morgan Chase made headlines, announcing that savvy, super travel rewards customers cost the company an …

Personal Finance

This week - win tix to: Smashing Pumpkins, Rise Against, Dashboard Confessi

1 day ago<p>Everyone's favorite radio game is back....That's a lie! Every weekday morning at 7:10 am, I share 3 Alternative music facts (sometimes, …

Smashing Pumpkins

Korean War 65th Anniversary Commemoration: USS Hornet, Alameda

<b>Saturday, July 28, 2018 - 11 a.m. to noon.</b><p>USS Hornet Sea, Air & Space Museum, 707 W. Hornet Ave., Pier 3, Alameda, CA<p>From USS Hornet Sea, Air & Space …

Korean War

The clearest path to improving economic mobility

Improving job skills lies at the heart of many of the most pressing issues facing North Carolina, including increasing economic mobility and …

North Carolina

As branches close, some banks are saying they don't want people's money

Edward Manley, 91, asked his son to deposit $38.50 in coins into his Wells Fargo account. Wells refused to accept them.<p>Manley and his son are now suspected money launderers.<p>Welcome to banking in the 21st century, with a growing number of financial institutions saying they won’t accept cash deposits …

Finance

Warren Buffett Bets Big on These 10 Stocks for 2018

Warren Buffett is no stranger to multibillion-dollar investments. The Oracle of Omaha has been beating the market for decades while accumulating …

Investing

Advisors: Rich Clients to Rein In Philanthropy

July 20, 2018 12:02 p.m. ET<p>Wealthy folks and their advisors disagree when it comes to charitable giving.<p>Most high-net-worth Americans intend to …

Estate Tax

Wells Fargo refunding tens of millions of dollars to customers for hidden charges

Wells Fargo is getting ready to refund tens of millions of dollars to customers.

Finance

How OfficeMax's former CEO lost more than $4 million, thanks to Wells Fargo's investment advice

Wells Fargo’s wealth management unit has been ordered to pay $8.6 million in damages and fees to a client — the former chief executive of retailer OfficeMax — who lost millions of dollars in risky Puerto Rico bonds recommended by his financial advisor.<p>Sam Duncan, the former CEO of both the office …

Finance

Report: Ferrell to join Kings after backing out of Mavs deal

Free agent guard Yogi Ferrell will sign with the Sacramento Kings for two years and $6.2 million, according to a Yahoo Sports report on Friday, hours after he spurned a reported deal with the Dallas Mavericks.<p>Ferrell's agent told Yahoo Sports earlier Friday that his client, after sleeping on it, …

NBA

Unarmed Man Robs Bank, Arrested Couple Blocks Away: Police

The 49-year-old suspect handed the Wells Fargo teller a note demanding money, according to the San Francisco police.<p>SAN FRANCISCO – Officers arrested …

San Francisco

Skechers stock plunges 23% after earnings miss and analyst downgrades

Skechers USA Inc. shares took a 23% nosedive in Friday trading after the shoe brand reported an earnings miss and was downgraded at least twice by …

Investing

Two strangers united by a mistaken electronic payment using Zelle

An Illinois man wanted to send his granddaughter $100. This simple desire led him to a man in Oakland who wanted nothing to do with the money.

Payment Systems

What to Watch for in a Business Development Company

By<p>July 20, 2018 2:32 p.m. ET<p><b>Thinking of investing in a business development company, or BDC? Jonathan Bock, the king of the BDC analysts, and his</b> …

Investing

Charlotte fell short of raising money for the DNC. But the RNC could be different.

Local business leaders and elected officials need to raise $70 million for the 2020 Republican National Convention in Charlotte. But that might not …

Government

Sixers send Holmes to Suns, sign Bolden to 4-year deal

The Philadelphia 76ers sent center Richaun Holmes to the Phoenix Suns in exchange for cash on Friday.<p>The move, in which the 76ers receive $1 million back, cleared the way for Philadelphia to sign 2017 second-round pick Jonah Bolden to a four-year, $7 million deal.<p>Holmes, who turns 25 in October, …

NBA

Man indicted in Oakland, San Francisco bank robberies

SAn FRANCISCO — Federal prosecutors have indicted a San Leandro man already in custody for three bank robberies in June and May in Oakland and San …

San Francisco

Verizon earnings: New CEO, same old priorities?

Verizon Communications Inc.’s upcoming earnings report comes as the company braces for a transition.<p>Though Chief Executive Lowell McAdam is set to …

Verizon

Banks again lead the way in expected dividend hikes

Courtesy of the stress tests and CCAR, most bank dividend hikes have been previously telegraphed. According to Bloomberg BDVD, here's the list of S&P …

Business