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Published on Sep 20, 2016
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Published on Sep 20, 2016
The
head of Wells Fargo says he is 'deeply sorry' for selling customers
unauthorized bank accounts and credit cards. CEO John Stumpf prepared
testimony to a Congressional Committee also says he will take 'full
responsbility' for the unethical activity. Some shareholders and
customers are calling for Stumpf to be fired but so far he has resisted
those calls to resign. The other big story today is Central Banks. The
U.S. Federal Reserve begins a 2 day meeting today, where it is widely
expected they will not raise interest rates. The official announcement
will come Wednesday afternoon. The Bank of Japan is also weighing a
policy change on interest rates and that announcement will reach
investors after the markets close Wednesday in Tokyo. Seaworld ( )
shares are diving overnight as the company suspended it quarterly
dividend. The company is trying to preserve cash as it's seen fewer
visitors in recent years after the documentary 'Blackfish' alleged it
mistreated Orca whales.
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