2026-10-08
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Pressure's mounting at Scott Besson's Treasury Department.
Secretary Besson has a massive remit that I don't think any modern-day Treasury secretary has ever had.
Plus, the Trump administration is launching an investigation
into Wells Fargo over the bank's efforts to increase homeownership among black Americans.
And why more Americans are deciding to move to Israel.
It's Wednesday, October 7th.
I'm Pierre Bien-Aimé for The Wall Street Journal, filling in for Alex Ossola.
This is the PM edition of What's News, the top headlines and business stories that move the world today.
The Wall Street Journal is exclusively reporting
that the Trump administration is opening an investigation into Wells Fargo.
The officials are looking at whether the bank violated fair lending laws by favoring black or other minority homeowners.
Wells Fargo's campaign to help black homeowners goes back years.