Another Charlotte-based bank is making a change to its minimum wage. Fifth Third Bancorp announced Tuesday that it will increase its minimum hourly pay to $20. The wage increase will begin on July 4. The change will impact 362 North and South Carolina workers. Bank president, Tim Spence, says the raise will make a “meaningful […]
The transition of SunTrust and BB&T to Truist caused major problems for southeast customers. Customers reported having issues using their new debit cards. The Truist merger took place on Feb. 19. Customers were told to activate their new cards on Feb. 21. For some customers, they found that they could still not use their cards […]
Bank of America has temporarily closed 11 branches in Charlotte. A spokesperson for the bank said the closures occur in areas where there are fewer visits and not enough staffing. The areas affected include: Park Road York Road South End Kenilworth Commons Sharon Road Station Legacy Union Carmel Commons Northeast Sardis Village Albermarle Road Mill […]
Yesterday, Wells Fargo released an assessment of how it handled its sales scandal last year. And as determined by its own board, it has failed. Last year, it was revealed that in effort to meet aggressive sales goals, Wells Fargo for years had been exercising the practice of opening bogus accounts and credit cards without […]
A Black teenager from the D.C. area inspired protests after a recording showed him being brutally detained by police officers for making a White customer at a local bank feel "uncomfortable."
Charlotte will become the site of the 10th Wells Fargo History Museum, adding to the largest museum network of any financial services company in the world. The former store location in Three Wells Fargo Center will feature 6,000 square feet of exhibit space and the company’s largest retail store of Wells Fargo-branded merchandise. In addition, […]
You’ve probably already noticed the plastic Wachovia signs sprouting up at Wachovia banks throughout town. It’s all part of the Wachovia-Wells Fargo conversion. Wells Fargo will begin unveiling their signs in September in South Carolina, and in October in North Carolina. Once these signs are converted it mark the transition of all Wachovia banking locations […]
