Wells Fargo offers new account with no minimum balances or overdrafts


The bank said the account is geared to consumers who want better control over their spending or are new to banking.


Wells Fargo, Citi pledge not to garnish customers' stimulus funds


The two large banks are holding off for a month on collecting on negative balances to ensure that customers receive the full amount of government payments deposited into their accounts.


Morgan Stanley launches ‘a modern alternative to banking’


The investment bank's new CashPlus Account comes with a mobile banking app, a debit card, online bill payment and other banklike features.


PNC learns the downside of paying cash bonuses to new customers


CEO William Demchak said the bank has witnessed "a lot of mischief" among customers who open checking accounts to collect bonuses and then never use the accounts again.


Now $500 million richer, Chime eyes acquisitions


The challenger bank might use the proceeds from its latest funding round to buy other fintechs that would allow it to add more products and services, its CEO said.


Banker of the Year, Wells Fargo shake-up, credit union nemesis: Top stories of the week


Citizens Bank's Bruce Van Saun is our Banker of the Year; shake-up continues at Wells Fargo with poaching of Santander's CEO; the Navy commander behind the credit union banks love to hate; and more from this week's most-read stories.


Wells Fargo to refund checking fees after lawmaker flags issue


CEO Charlie Scharf said in a letter to Congress that a review is underway to determine how many customers were affected by confusion over monthly fees and that the bank will begin issuing refunds next year.


Lawmaker presses Wells Fargo on checking account refunds


Rep. Katie Porter, D-Calif., wants details about refunding "hundreds of millions of dollars" in fees improperly charged on checking accounts. Wells has acknowledged the potential problem but hasn't estimated how much it owes.


Google-Citi deal could break the ice; bill calls for bank cooperation on guns


It’s only a matter of time before Silicon Valley “overturns more complex banking functions”; banks would have to help FinCEN identify suspicious firearms sales.


Google-Citi partnership stirs privacy concerns


Questions about the search giant's planned use of transactional data resonate not only with wary consumers, but also with banks that are worried about big tech’s financial services ambitions, as well as lawmakers and regulators concerned about the tech industry’s growing reach.