Coming up next, some of todays white house Cyber Security summit and california beginning with pres. Obama president obama talking about information sharing between government and private industry. Then Homeland Security secretary discusses the same issue with Business Leaders from American Express, Pacific Gas Electric and Kaiser Permanente. Later the ceos of mastercard, aig, and bank of america sit down with Congress Secretary for a discussion on what companies can do to better protect against Cyber Attacks. Ladies and gentlemen, to introduce the president of the United States please welcome Stanford University president john hennessy. [applause] welcome back, everyone. It is now my great privilege to introduce our nations 44th president , barack obama. He came to office just after the Global Financial crisis in 2,008. His presidency his presidency has been marked by the complexity and challenges of governing in a time when people are more interconnected than ever. And the idea of Co
Wrong. Firefighters rush to the hospital shocked by power lines. Just what happened. And children with special needs forced to dig through trash. Like a moron. Like a stupid. The School Program now suspended. Happening now, elderly people falling victim to a cold hearted criminal much police releasing this video of a man they want to find as soon as possible. Cops say he is robbing Senior Citizens right after they take out money from their banks. It is happened a number of times across the area. Good evening, im iain page. Im lucy noland. One incident was so vicious and brutal the victim had to be rushed to the hospital. Fox 29s Shawnette Wilson is live at Philadelphia Police headquarters. Shawnette, clearly they want to find this man. Reporter they do, lucy. You know these are strong armed robberies. Were talking about police say the thief has gotten away with 500 to a thousand dollars in some cases, ton night we know one of the victims remains in the hospital from injuries from the a
Claims that once higher ups knew of the problem in the bank, they did little to stop it. This is an institution i am trusting with my money. So it is very alarming. Reporter how important is trust when it comes to your bank . Oh, it is huge. Consumers are being taken advantage of. Reporter San Francisco attorney norma garcia says customers should take a close look at their Bank Statements and credit reports now and if you spot something fishy. You demand wells fargo correct any errors and close any accounts you have not authorized. Reporter wells fargo down played the allegation blaming a few rogue employees but the trust built since the days of the stagecoach is in jeopardy. This is concerning. I may switch banks. Reporter if the allegations are true, they are similar to the sub prime lending that led to the recession. We asked for wells fargo for an interview. They are based here in San Francisco. But they didnt call us back. In the news room, mark kelly, kpix5. They face a 2,500 pen
At Kaiser Permanente everything you need is under one roof. Another way care and coverage together makes life easier. Okay, a little easier. Become a member of Kaiser Permanente. Because together, we thrive. Live, from the cbs bay area studios, this is kpix5 news. Tonight, wells fargo accused of duping its own customers. Opening bogus accounts, credit cards, charging fees without permission. Mark kelly is in the news room tonight. Reporter the los angeles attorney filed the suit, but this could hit wells fargo customers here in the area and nationwide. Every time i go to the branch it is a battle with them. Reporter frank only wanted one wells fargo account, but he got ten. If i never checked my Online Banking i never would have known these ten accounts were there. Reporter the suit claims wells fargo pushed the employees to make unrealistic quotas driving them to open checking and savings accounts and credit cards for customers who never canned for them in the first place. That is not
Banks in greece may soon be facing the European Central bank reportedly looking at limiting emergency liquidity assistance. Proposals that would raise the discounts imposed on collateral securities when the bank of greece makes loans. The steps will be taken if greece does not reform its economy to get bailout money. A former ecb president says the rest of europe is waiting for greece to act. We have to be realistic. It all depends on the maturing of the position of the greek government. If it wants to deliver growth and jobs which is the main goal of that government it has to produce a recovery program. Betty european ministers are scheduled to meet on friday. The banks said a key measure of financial strength fell in the First Quarter. It may need to boost capital. The ceo. In the businesses where we are focused, we are doing well. The credit business, which was more difficult for the industry in the quarter, emerging markets, those are businesses that are power alleys for us and we