In yet another sign that the American middle class is being phased out, the latest biennial FDIC National Survey of Unbanked and Underbanked Households revealed a startling trend: more and more Americans are excluded from the traditional banking system, exposing them...
As much as I like gold, I’m not the biggest fan of the golden parachute, a euphemistic term denoting the generous severance pay awarded to high-level corporate executives who lose their jobs. Indeed, I’m hard-pressed to think of another stratum of society in which...
With gold having struggled throughout much of 2018, it’s easy for analysts to take a bearish view of the world’s most popular precious metal. However, John LaForge, the Wells Fargo Investment Institute’s head of real asset strategy, has flipped bullish on gold – and...
The ongoing litany of misdeeds (that’s what big bankers call crimes) continues with everybody’s favorite too-big-to-fail bank, Wells Fargo. A recent filing with regulators uncovered an expanded review finding that 870 Wells Fargo customers were incorrectly denied...
Wells Fargo, one of the big banks in the U.S. that is guilty of numerous crimes like all the other banks, is trying to keep up with big bank crime. As of late, the most notable judgement against the bank was for the opening of 1.5 million checking accounts and 500,000...