banking

Less than two years ago, the bank closed nearly 10% of its locations. Now, it is ready to do it all over again.

SEATTLE (AP) — Wells Fargo is offering the city of Seattle the chance to break its banking contract immediately, before it expires at the end of 2018. Earlier this month the Seattle City Council voted unanimously to cut ties with the San Francisco-based banking giant over its role as a lender to the Dakota Access pipeline project as well as other business practices...

Banks such as JPMorgan, Citigroup and Wells Fargo have introduced new fees on the checking account service after the Dodd-Frank financial reform bill restricted banks from charging merchants processing fees on debit card transactions.