Baltimore Checkbook

Wells Fargo to scrap controversial sales goals...

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Under fire, Wells Fargo is speeding up the demise of the controversial sales goals that fueled the bank’s embarrassing fake account scandal. Wells Fargo CEO John Stumpf plans to tell Congress on Thursday that the much-criticized sales goals will be dr…



from http://www.wbaltv.com/money/wells-fargo-to-scrap-controversial-sales-goals-october-1/41862422

Billionaire: Chinese real estate is 'biggest...

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Chinese billionaire Wang Jianlin made his fortune in the country’s real estate market – and now he’s warning that it’s spiraling out of control.



from http://www.wbaltv.com/money/billionaire-chinese-real-estate-is-biggest-bubble-in-history/41860888

Contrast Security raises $16M; Tenable founder Ron...

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Contrast Security has secured $16 million in new financing from venture capitalists and technology industry veterans, including Ron Gula, the founder of Columbia-based Tenable Network Security. General Catalyst Partners, accompanied by Acero Capital, was the lead investor for the Series B round. In addition to Gula, other investors include Paul Sagan, former CEO of Akamai Technologies and John W. Thompson, chairman of Microsoft Corp. Contrast is based in Palo Alto, Calif., but has an office in…

8 things you need to know this morning

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Good morning, hope you have a productive Wednesday and manage to stay dry. Rain is going to start rolling in to the area today around 3 p.m., and it probably won’t stop until Friday afternoon. Fog is a big issue this morning, so be careful driving in to work. Here are eight things to know to get your day started. The Orioles dropped a key game to the Toronto Blue Jays last night, 5-1. This gives the Blue Jays an even bigger lead in the American League wild card race, and puts the Detroit Tigers…

Starbucks to hire and train Baltimore youth in...

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Baltimore is one of five cities picked by Starbucks for an inner city location that will include in-store job training in a classroom built into the coffee shop. The Baltimore location will be in the East Baltimore Development Inc. footprint in Middle East, an 88-acre redevelopment project anchored by Johns Hopkins Hospital. The coffee shop and training center will open in early 2017 at 1812 Ashland Ave. on the ground floor of the 168,000-square-foot laboratory and office building that will serve…

Wells Fargo chief could still walk with $77...

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The Wells Fargo executive who led the division that created fake accounts could still walk away with a fortune of $77 million – even after the bank slashed her pay. Carrie Tolstedt was forced by Wells Fargo late Tuesday to forfeit $19 million in stoc…



from http://www.wbaltv.com/money/wells-fargo-fake-accounts-head-could-still-walk-with-77-million/41856982

Wells Fargo CEO forfeits millions as company...

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Wells Fargo CEO John Stumpf will forfeit much of his 2016 salary – including his bonus and $41 million in stock awards – as the bank launches a probe into its phony accounts scandal.



from http://www.wbaltv.com/money/wells-fargo-ceo-forfeits-stock-awards-worth-41-million-as-company-launches-probe/41855282

Nonprofit to hold loan discharge clinic for former...

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Civil Justice Inc. is hosting a free student loan discharge clinic this week in Glen Burnie for former students of ITT Technical Education Services Inc., which ceased all operations earlier this month. Two Maryland ITT Tech campuses in Owings Mills and Hanover were forced to close. Civil Justice, a Baltimore nonprofit that offers legal services for low- and moderate-income residents, will hold the clinic Sept. 29 at 2 p.m. at the Glen Burnie Regional Library at 1010 Eastway. The clinic will focus…

Learning to code can get you a $70,000 job

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It’s no secret that coding is a lucrative skill, but it turns out learning this skill can actually double your salary.



from http://www.wbaltv.com/money/learning-to-code-can-get-you-a-70000-job/41851612

Ulman plans to engage community, businesses in new...

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With Towson University positioned as the largest college in Greater Baltimore and third-largest employer in Baltimore County, new President Kim Schatzel said she wants to lay a foundation for Towson to serve as an anchor institution for the fast-growing town and region. Until now, Schatzel said the university has not been deliberate about creating a long-term plan for what the physical presence of the school in the community it serves looks like. Towson, as a town, is bursting with development,…