Free Republic

Another ESG rat jumps ship: @MorganStanley leaves the illegal Net Zero Banking Alliance . .. @Citi and @BankofAmerica abandoned ship earlier this week. .... What's melting: The illegal ESG cartel. Citigroup and Bank of America drop out of the Net Zero Banking Alliance. ... After ESG and DEI are abandoned, what will be the next grift? ... Music to my ears! Climate change isn't something that can be controlled by human hands, and Net Zero is just a money-making scam. It's that blazing ball of exploding gas in the sky causing it dum dums, and there's nothing we can do...

Not soon after the general election, and within two weeks of each other, two major financial institutions have left a United Nations Net Zero Banking Alliance (NZBA). This is after they joined three years ago, pledging to require environmental social governance standards (ESG) across their platforms, products and systems. According to the "bank-led and UN-convened" NZBA, global banks joined the alliance, pledging to align their lending, investment, and capital markets activities with a net-zero greenhouse gas emissions by 2050, NZBA explains. Since April 2021, 145 banks in 44 countries with more than $73 trillion in assets have joined NZBA, tripling...

A 60-year-old Arizona Wells Fargo employee scanned into her office on a Friday on what appeared to be an ordinary workday. Then, four days later, she was found dead in her cubicle. Denise Prudhomme, 60, was found dead on Aug. 20 in her office in Tempe, police said. She had last scanned in the building at 7 a.m. on Aug. 16, a Friday, and there was no further scan in or out of the office, authorities said. Tempe police responded to the Wells Fargo office in the 1100 block of West Washington Street after on-site security called about an employee...

A Wells Fargo employee has been found dead in her cubicle four days after she last clocked in. According to reports, Denise Prudhomme, 60, first clocked into her Wells Fargo office in Tempe, Arizona, on August 16th at 7 a.m. Building security contacted authorities on August 20th regarding a “subject down.” An employee, who spoke anonymously with 12News, claimed that Prudhomme was discovered dead at her cubicle by a colleague who was exploring the building. At 4:55 p.m., authorities declared Prudhomme dead at the scene, according to local outlets citing Tempe police. According to 12News, Prudhomme’s cubicle was set back...

A timeline released by police suggests the worker’s body was there for four days before being discovered.

There's an investigation underway in Tempe after a Wells Fargo employee died while on the job. A new timeline released by police suggests her body was there for four days before being discovered. "It's really heartbreaking and I'm thinking, 'What if I were just sitting there?'" a worker said. "No one would check on me?" The body was found inside the Wells Fargo corporate office in Tempe. An associate who spoke with 12News anonymously said the situation is troubling. "To hear she's been sitting at the desk like that would make me feel sick," the worker said. "And nobody did...

Presidential hopeful Kamala Harris and her husband Doug Emhoff have refinanced their luxury properties on the east and west coast ten times with loans totaling $13M. The second couple, both 59, have borrowed way in excess of what they’re worth – their joint fortune estimated at $8 million by Forbes. And, surprisingly, their various home loans and lines of credit are all with Wells Fargo Bank, the lending giant Kamala battled when she was Attorney General of California. Harris was in litigation for years with Wells Fargo just as she and Emhoff were living in a luxury property in the...

Wells Fargo, the San Francisco-based banking giant, has fired a small group of employees who allegedly tampered with their computers to fake the appearance of working. The company’s St. Louis-based subsidiary, Wells Fargo Clearing Services, filed five disclosures with the Financial Industry Regulatory Authority saying that it had fired workers in early May. Each disclosure said the worker was “discharged after review of allegations involving simulation of keyboard activity creating impression of active work.” Bloomberg, which first reported the firings on Thursday, wrote that “more than a dozen” employees were fired from Wells Fargo’s wealth and investment management arm. SFGATE...

16 Republican AGs seek answers from Wells Fargo CEO Charles Scharf... ... debanking ... Wells Fargo is pushing the Biden administration's anti-gun and anti-traditional energy policies and discriminating against customers who don't fall in line with their political beliefs," Montana Attorney General Austin Knudsen... As attorney general, it's my job to protect Montanans from discriminatory business practices. I will continue to investigate and fight against any illegal actions that could impact Montana businesses and consumers." ... Wells Fargo unexpectedly closed the business and personal accounts of Bradon Wexler, the owner of Florida-based firearms dealer Wex Gunworks, with a vague explanation...

Citigroup CEO Jane Fraser got a 6% pay bump for her performance in 2023, a year the bank's profits dropped 38% and Fraser began a dramatic restructuring that will result in an estimated 20,000 job cuts. The board awarded her total compensation of $26 million, ... The $26 million for Fraser was the lowest among CEO rivals at JPMorgan Chase, Bank of America, Wells Fargo, Goldman Sachs, and Morgan Stanley, who received between $29 million and $37 million. Bank of America's Brian Moynihan was the only CEO among this group to experience a compensation decline. ... Fraser had a lot...

Ten members of the banking community are working with the New York Innovation Center (NYIC), which is part of the Federal Reserve Bank of New York, to explore the feasibility of the regulated liability network (RLN) — an interoperable digital money platform. The proposed RLN would use distributed ledger technology to improve financial settlements and would include central banks, commercial banks and regulated non-banks, the participating firms said Tuesday (Nov. 15) in a press release. “The 12-week PoC [proof of concept] will test a version of the RLN design that operates exclusively in U.S. dollars where commercial banks issue simulated...

Three US banking giants have just had their ratings downgraded to “negative” by Moody’s. Moody’s Investor Service downgraded JPMorgan Chase, Wells Fargo and Bank of America to negative ratings after previously classifying them as stable, MarketWatch reports. Analyst Peter E. Nerby of Moody’s said that the worsening outlook on bank debt was due to “the potentially weaker capacity of the government of the United States of America (Aaa negative) to support the U.S.’s systemically important banks.” In particular, JPMorgan’s downgrade was partially because the bank runs a “complex” capital markets business that may post “substantial” risks to its creditors. A...

DENVER (KDVR) — Some people are not getting their paychecks Friday due to a banking system issue. Deposits are reportedly delayed at multiple banks across the U.S. The Federal Reserve is reporting an issue with the Automated Clearing House, which is the primary system agencies use for electronic funds transfers. Customers of Bank of America, Chase, U.S. Bank, Wells Fargo and other banks have been reporting issues with deposits on X, formally Twitter, and Downdetector. Both Chase and Bank of America gave statements to CNN, confirming that some deposits may be delayed. The Fed reported a batch of transfers had...

Attorney John Thaler joined Brannon Howse with former Arizona State Representative Mark Finchem Friday night on Lindell TV to explain the alleged phony mortgage and real estate transaction scam used by the Sinaloa Cartel to bribe elected officials and control the state of Arizona. The Sinaloa Cartels and the treasonous Americans who work with them are destroying our country by flooding Arizona with dangerous drugs and crime. The Gateway Pundit reported that Tempe Police seized over 30 million lethal doses of fentanyl. In 2022, the DEA nationwide seized over 50.6 million deadly fentanyl-laced fake prescription pills and over 10,000 pounds...

Major US banks are continuing to close branches across the US, leaving an increasing number of Americans without access to basic financial services. Bank of America axed 21 branches in the first week of October, according to a bulletin published by the Office of the Comptroller of the Currency (OCC) on Friday. Wells Fargo shuttered 15, while US Bank and Chase reported closing nine and three respectively. In total, some 54 locations had either closed or were scheduled to close between October 1 and October 7. Of the overall closures, three were in Louisville in Kentucky. Eight of the 21...

Greg Beckett, a 46-year-old executive at Wells Fargo, jumped to his death in an apparent suicide from the office boardroom on the 14th floor at the company’s headquarters in Wilmington, Delaware, authorities have revealed. Though Beckett, from Bridgeport, New Jersey, took his own life back in January, new details have been revealed what led up to his death, according to a new report. His family reportedly said Beckett was under immense stress and pressure from his job and had been responsible for safeguarding Wells Fargo's risk exposure, the Daily Mail reported.

Banks routinely snitch on customers and even deny services to people politicians don’t like. The House Judiciary Committee is investigating banks for sharing Americans' financial information with the FBI without regard for privacy concerns. In fact, there's no doubt about the threat to civil liberties posed by the government's leverage over the financial industry; that's long established. At question in this investigation is whether the danger to our freedom inherent in that cozy relationship is being wielded in political warfare between the country's political factions. But the larger problem should be fixed no matter what lawmakers discover. "Today, Chairman Jim...

BREAKING🚨 Rep. James Comer says six banks, including JP Morgan, Bank of America, and Wells Fargo, submitted over 170 suspicious activity reports to the Treasury Department regarding the Biden family, alleging their involvement in money laundering, human trafficking, and tax fraud. The American banks also raised concerns about wire transfers received by the Bidens from foreign state-owned entities, notably from the Chinese government, allegedly for the purpose of money laundering and tax evasion. The foreign wires were found to be directed towards Biden's business associates before being funneled through 20 shell companies associated with the Bidens. Subsequently, the funds were...

Not too long ago, Wells Fargo got its head handed to it by regulators, drawing a $3 billion fine for opening fake accounts in real customers' names, to beef up their bonuses as well as fool shareholders into thinking the business was growing, potentially driving up the stock price. That's no partisan take -- that's just plain dishonesty. The bank had to pay a $3 billion fine, at least one executive faced prison and a hefty personal fine of $17 million, and if anything, it was too little. A small fry bank that did this would rightly be shut down...

The burning question arose over the past two years what these largely empty older office towers in San Francisco are worth. The market had frozen over. There were no transactions because no one knew what anything was worth as San Francisco’s office market has morphed in just a few years from being one of the hottest office markets in the US with a vacancy rate of 7% in 2019 and some of the highest rents in the US, to being put on ice by working-from-home. About 33% of all office space is now on the market for lease – worse...