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Recent Articles (continued) - Banking Exchange

Wells Fargo told employees they will receive a cash payment of $1,000 if they made less than $75,000 last year

Proposed rule to ban junk fees aims to remedy widespread concerns

Santander US reports 57% of consumer have delayed a financial decision due to inflation fears

$12.8 billion, representing 26% of the total investment portfolio, is managed by firms owned by minorities, women, or persons with disabilities

The new rules could save consumers over $3.5 billion in fees per year

Nasdaq recommends closer collaboration between banks to prevent financial crimes

The Treasurer’s Office described 2023 as a year of “progress and achievement” with strong investment performance across its pension funds

Over $3 Trillion of illicit funds went through the banking system last year

Inflation is continuing to affect how bank customers use their money, Bank of America has found

The BPI and ABA also released a statement saying the “changes would inflict serious harm”

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