World economists want Wells Fargo to pay surcharge to protect taxpayers

At the G20 summit in France Friday, the world's leading financial group endorsed a move that would have Wells Fargo pay a surcharge based on their assets to protect taxpayers in case the bank fails.
Author:
Publish date:

At the G20 summit in France Friday, the world's leading financial group endorsed a move that would have Wells Fargo pay a surcharge based on their assets to protect taxpayers in case the bank fails.

Next Up

Related

Wells Fargo drops debit card charge idea

Wells Fargo announced it is canceling a proposed monthly fee of $3 for debit card users. The bank, which controls 36% of Twin Cities banking transactions, made the decision after receiving negative customer feedback.

Wells Fargo Advisors moving Minneapolis jobs to St. Louis

The brokerage arm of San Francisco-based Wells Fargo & Co. is moving an unknown number of jobs from Minneapolis to St. Louis. The Business Journal reports Wells Fargo Advisors is making room for an additional 400 workers at its Missouri headquarters. A company spokeswoman wouldn't disclose how many jobs are being cut in Minnesota.