Wells Fargo and others pledged to achieve net-zero and invest in sustainable financing. Instead, they kept funding fossil fuels.
National day of protest will target JPMorgan Chase, Citigroup, Bank of America and Wells Fargo as new U.N. report warns of catastrophic climate impacts.
On the latest episode of “The Bottom Line” podcast, CEO Kat Taylor lays out her strategy for proving that a bank can be profitable, pay its employees well, and pursue an agenda of economic justice and planetary health.
Wells Fargo Bank and US Bank have chosen to celebrate Breast Cancer Awareness Month by trying to evict breast cancer survivors from their homes.
Last week, Ana Casas Wilson — a wheelchair-bound woman with cerebral palsy and terminal stage-four breast cancer, and who has struggled for months to get Wells Fargo and US Bank to accept her money and stop foreclosing on her home of 40 years — received a final five-day notice to vacate from L.A. County Sheriff Lee Baca’s office. Wilson and her family briefly fell behind on her payments after she had to go into the hospital for a double mastectomy, as I described in an earlier post. She and her friends and supporters have launched a round-the-clock vigil at her home in a blue-collar suburb outside Los Angeles (8968 San Juan Ave., South Gate, CA 90280) to resist eviction, as the Los Angeles Times reported last week.
» Read more about: Foreclosures: Stop Cancer Survivor's Eviction! »
Monday the Des Moines Register reported that Wells Fargo fired an employee who’d been arrested in 1963 for trying to use a cardboard dime on a coin-operated washing machine in a Carlisle, Iowa laundromat. Richard Eggers, a 68-year-old Vietnam War veteran, had worked in the bank’s home mortgage department at a $29,795-a-year job, the Register said. According to the bank, federal regulations barred it from employing workers who’d been convicted of crimes involving dishonesty, even if their criminal records had been expunged. The 2011 rules were applied retroactively to Eggers, who’d been with Well Fargo seven years.
So far the story’s been getting attention on the Internet and radio as one of those What a Wacky World We Live In fillers. It remains to be seen if the level of public outrage reaches a point where someone blinks and Eggers gets his job back. In the past,
» Read more about: Wells Fargo Fires Man for Stiffing Coin Machine – In 1963 »