Committee for Better Banks

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Wells Fargo employees appeal to investors at annual shareholder meeting in Dallas

With CEO Tim Sloan recently announcing his retirement, Wells Fargo workers traveled to Dallas to urge shareholders to

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Wells Fargo workers meet with federal regulators

In an effort to help bank regulators meet their responsibilities of oversight, Wells Fargo employees met with Federal

Recent News

PenFed workers win settlement on unfair labor practice charges, but protest job cuts and restructuring

Julian Brunner on Saturday, July 13 - 4:42pm

Employees at the Pentagon Federal Credit Union (known as PenFed) call center in Eugene, Oregan are speaking out after the credit union announced it is moving over 100 jobs to Virginia or Texas.

PenFed credit union workers in Eugene face ‘impossible choice’

Neil Payne on Saturday, July 13 - 3:26pm

Employees say more than 100 told they have to relocate or be out of a job

More than 100 workers at Pentagon Federal Credit Union in Eugene are being told to relocate across the country or find a new job after the company announced this week it was consolidating departments and moving many workers in Oregon and Virginia to Texas.

How Wells Fargo's regulators and employees drove out its CEO

Julian Brunner on Tuesday, April 9 - 12:13pm

NEW YORK/WASHINGTON April 9 (Reuters) - The day after former Wells Fargo & Co Chief Executive Tim Sloan told U.S. lawmakers he was transforming the bank’s high-pressure culture, Federal Reserve officials met privately with bank employees.

At the meeting on March 13, which has not been previously reported, Fed officials were told by four bank employees that little had changed within the bank’s culture since the scandal that engulfed Wells Fargo almost three years ago.

Bank of America Will Lift Minimum Wage to $20, as Lawmakers Spotlight Inequality

Julian Brunner on Tuesday, April 9 - 12:43am

A day before he was to appear at a congressional hearing focused on the biggest banks in the United States, Bank of America’s chief executive, Brian Moynihan, said on Tuesday that the bank planned to raise its minimum wage to $20 an hour from $15 over the next two years.

It was another example of how big banks are trying to deal with shifting political winds in Washington, where they face new scrutiny under the Democrats, who now control the House of Representatives.

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