38 Attorneys General Ask Congress To Bring Marijuana Money Into Banking System Most states have legalized marijuana in some form. But federal law still considers it an illegal drug, which exposes banks to legal risk if they handle weed-related money or transactions.
Bags Of Cash, Armed Guards And Wary Banks: The Edgy Life Of A Cannabis Company CFO Being chief financial officer in a pot business requires lots of workarounds, including hiring heavily armed guards. Few financial firms are willing to service a market that remains federally illegal.
CEO Says Wells Fargo Has Transformed After Scandals; Lawmakers Are Skeptical Both Republican and Democratic lawmakers question whether Wells Fargo has changed its culture away from fraud and mismanagement that have led to billions in fines and penalties against the bank.
Congressman Rick Larsen on why he voted to roll back Dodd-Frank regulations Bill Radke talks to Congressman Rick Larsen, who broke with fellow Democrats yesterday to vote for a partial rollback of Dodd-Frank banking regulations....
Speakers Forum Nomi Prins condemns government, banks in 'Collusion' Author Nomi Prins used to be a Wall Street banker. Now she writes with a critical eye about how banks and economies work. One example: how in 2017, U.S....
Seattle wanted to break up with Wells Fargo. Then it committed to three more years Breaking up is hard — especially if you're a city trying to break up with a bank. Especially if the other banks aren't all that interested in dating you.
Seattle mayor wants all workers to have a retirement plan Seattle Mayor Tim Burgess will unveil his 2018 city budget Monday. Most of the work on the budget had already been done before Burgess ascended to the...
What other banks are loaning money to the Dakota Access Pipeline? The City of Seattle promised last month that it would stop banking with Wells Fargo, because the bank pledged hundreds of millions in loan money to...
Where will Seattle put its $3 billion? Bill Radke talks to Seattle Weekly reporter Sara Bernard about the Seattle City Council's decision to divest $3 billion from Wells Fargo for their...
What Seattle's 'boycott' could mean for Wells Fargo UPDATE 2/7/2017, 4:30 p.m. The Seattle City Council unanimously voted Tuesday afternoon to cut ties with banking giant Wells Fargo over its role as a...
