Wells Fargo may have created 1.4 million more unauthorized accounts than estimated, attorneys say

Wells Fargo & Co. may have opened as many as 3.5 million unauthorized checking, savings and credit card accounts over the past 15 years, far more than the bank and federal regulators reported last year, according to a new court filing. For months, the number of potentially unauthorized accounts that bank employee credit card applications may… Read more

3 Key Facts About ‘Generation Price Shop’

Although the Millennium Bug (Y2K for the conspiracy fans) never amounted to much when it came to destroying financial systems, the same cannot be said for millennials. Ok, “destroying” is perhaps a bit strong, but “shaking to their very core” is probably accurate. Young Americans have really done a number on the finance industry. Not because… Read more

Move to protect US steelmakers is against norms of world trade

A worker at a steel company in Lianyungang, Jiangsu province, in January 2015. [Photo/China Daily] Announcing that the United States will investigate whether foreign steel imports harm the country’s national security, US President Donald Trump and Commerce Secretary Wilbur Ross have sent an unmistakable message to the big US steelmakers that they will protect them. National… Read more

Best Credit Cards For Cash Back, Travel And More
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US Sales Slump Seen as Reflection of Changes in Retail Landscape
Retail sales had their worst two-month stretch in more than two years in February and March, according to government data released Friday. The U.S. Census Bureau said overall retail sales declined two-tenths of a percent in March, driven by lower fuel prices and lower auto profits. The National Retail Federation (NRF) said the delayed issuance of… Read more

Korean brands’ strength falls

Customers look at cars at a Hyundai retailer in Tianjin. Provided to China Daily While some blame political tensions, many credit rising quality of domestically produced vehicles South Korean marques are losing ground in China as local brands in the world’s largest auto market are offering improved quality and a wider choice of SUV models. In… Read more