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.
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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.
About 200 demonstrators, chanting 'Banks got bailed out, we got sold out,' marched from the Hennepin County Government Center plaza to Wells Fargo Bank in downtown Minneapolis today.
A federal judge in St. Paul rules Well Fargo must face a group lawsuit for promoting a risky securities-lending program. The bank's lawyers say they will appeal.
Wells Fargo nearly doubled its first-quarter dividend to 22 cents per share. U.S. Bancorp boosted its by 56 percent to 19 cents. It came after the Fed measured how well the banks might hold up in a financial crisis.
Somalis and Latinos rallied in Minneapolis to protest the bank's donations to anti-immigrant lawmakers and investments in for-profit prisons that detain immigrants.
Illinois Democrat Richard Durbin has sent a letter to the CEO of Wells Fargo asking why the bank is charging customers in some states $3 a month to use their debit cards.
Completion of an Army Corps of Engineers report is a milestone on the cities' journey toward completing a flood diversion project. In the new year the focus will turn to Washington, where Congress may consider funding for the project that will help protect 200,000 people from Red River flooding.
The group Minnesotans for a Fair Economy claims bank fees on short-term loans are as bad or worse as those imposed by payday lenders.