The Wells Fargo scandal may be the last straw for lawmakers -- and investors in many big banks. The entire sector has lagged the broader market this year. Will banks eventually become as boring as highly regulated utilities?
Wells Fargo CEO John Stumpf is bracing for a grilling from Elizabeth Warren and other lawmakers at Tuesday's Senate hearing over the bank's fake account scandal.
Wells Fargo announced on Monday that Claudia Russ Anderson, the internal watchdog at the division that created millions of fake accounts, has taken a leave of absence.
Despite explosions in New York City and New Jersey over the weekend, investors don't seem overly worried about new terrorist threats in the United States. The market moved higher on an mostly quiet Monday morning.
Shares of sporting goods chain Dick's are up more than 70% this year, making it one of the hottest retailers out there. Rivals have gone bankrupt and the company continues to gain ground.
British filmmaker Rebecca Moss spent weeks stuck on a huge cargo ship off the coast of Japan after the vessel's operator, Hanjin Shipping, went bankrupt.
A leak has caused the closure of a pipeline that carries gasoline to the eastern U.S., a disruption that threatens to drive up prices and leave service stations without fuel to sell.
Wells Fargo hearing is in the works before a powerful U.S. House committee about the bank's fake accounts scandal. Rep. Maxine Waters said the committee's chairman is committed to holding a hearing.
