by Anthony Colombo | Oct 26, 2016 | National, New Jersey, News, Public Bank, Public Banking
Joan Bartl believes taxpayer-owned financial institution would be ‘logical and practical’ because of the state’s ‘significant fiscal problems’ Who she is: Joan Bartl, state coordinator in New Jersey for the nonprofit Public Banking Institute. Where she calls...
by Anthony Colombo | Oct 20, 2016 | National, News
SACRAMENTO, Calif. (AP) — California’s attorney general is conducting a criminal investigation into whether employees at San Francisco-based Wells Fargo bank stole customers’ identities in the sales practices scandal that rocked the bank and cost its CEO...
by Anthony Colombo | Oct 1, 2016 | Monetary Policy, National, News
California’s state treasurer has announced he is suspending major parts of the state’s business relationship with Wells Fargo because of a scandal involving unauthorized customer accounts. In a letter to Wells Fargo, John Chiang asked, “how can I...
by Anthony Colombo | Sep 28, 2016 | Commercial Banking, National, News, Public Banking
Announcement comes three weeks after Wells Fargo agreed to pay $185m in penalties after an audit found the bank used aggressive, illegal sales tactics Wells Fargo executives will forfeit millions of dollars in the wake of revelations that the bank’s sales...
by Anthony Colombo | Sep 9, 2016 | Public Bank, Economics, National, News, Print Media, Public Banking
Former Goldman Sachs executive also called for a higher minimum wage, tax breaks for those with lower incomes, and efforts to encourage high-tech. Democratic gubernatorial hopeful Phil Murphy called for a sweeping revision of state economic policies during a...
by Anthony Colombo | Sep 2, 2016 | Economics, Monetary Policy, National, News, Print Media
Kashkari plans on pressing for more research by central-bank economists on racial disparity in the labor market. Minneapolis Fed President Neel Kashkari said Wednesday he was “shocked” that the persistently higher national black unemployment rate relative to the rate...