the state treasurer, john chiang, announced today several sanctions the against the major bank. he says he is sending a message to other banks saying this kind of behavior is unacceptable. grant lodes is tracking the story for us. grant? >> grant:the series of sanctions will remain for the next 12 months. these sanctions include.suspending investment in hundreds of millions of dollars in securities. the treasurer's office currently invests 800-million-dollars in wells fargo. these securities are set to expire and the state will not renew them. state treasure john chiang also announcing the state would suspend wells fargo as a broker- dealer for purchasing investments.and would no longer appoint the bank as an underwriter for sales of state bonds. the treasurer added. wells fargo c-e-o john stumpf should resign. wells fargo has been fined 185- million dollars. and the bank has fired 53-hundred employees for opening millions of accounts without customers' permission. as of right now, no bank executives were fired. wells fargo put out this response: quote- "we certainly understand

successful bank once again but acting in individual and community and states's interest. >> reporter: john chiang is suspending some of the state business with the bank for a year. the state won't invest in wells fargo securities or use the bank to buy stocks or bonds. now, chiang believes stumpf should resign. today's testimony will likely carry a large goal in that decision. lisa chan, kpix 5. >>> in the san diego area, we have learned one of the officers involved in the deadly police shooting of a black man was accused of sexual harassment of a lesbian colleague in his department. officer richard gonsalves was recently demoted from sergeant to officer amid allegations that he sent sexually explicit photos and made unwanted advances. last night protests continued over the shooting. [ screaming ] >> demonstrators marched to the spot where 38-year-old alfred olango was shot by officers on tuesday authorities saying he refused orders and reached for something in his pocket. his sister warned dispatchers were methodly ill. police say that olango took a vap smoking device out of his pocket that nigh

. >> reporter: the california treasurer john chiang says stump should resign. he also said the state will not invest in wells fargo securities or use the bank to buy stocks or bonds for a year. now, wells fargo was fined $185 million and 5300 employees were fired. live in san francisco, lisa chan, kpix 5. >>> today a man is expected to change his plea to guilty in a kidnapping case that got a lot of attention a couple years ago. michael muller's lawyer says that it's part of an agreement in exchange for federal prosecutors not recommending a life prison sentence. the san francisco man is charged with the abduction of denise huskins in her home in vallejo in 2015. police thought it was a hoax. but muller was arrested months later. >>> new surveillance video shows a man kidnapping a store clerk in broad daylight. it happened yesterday near los angeles. you can see the man walk into the store and drag her out to his car. he reportedly hit her with a hammer. police say hours later, she was able to escape and hid in a cemetery. authorities chased the suspect's car f

valores de wells fargo, tampoco permitiran que este sirva de intermediario en jugosas transacciones john chiangro de california 9:33 como lider en el area de responsabilidad deos tengo la tomar accion para ayudar a wells fargo y a otras instituciones a integridad y la confianza importan en las calles clientes todavia se preguntan si estan entre los dos millones de clientes a quienes el banco admitio les abrieron cuentas sin su permiso 2:12 yo no queria cuenta de cheques teresa tiene sospechas de lo que le ocurrio con una cajera teresa sanchez/cliente del banco wells fargo 2:59 ..le digo pues no tengo abrela y a mi me dan 200 dolares y ya despues tu te olvidas y yo no la volvi a usar 3:07 pilar nino 39:49 segun el tesorero es ingenuo pensar que esto se trate de un caso aislado y por eso dice es necesario hacer reformas sistematicas en la industria bancaria 39:59 chiang convocara un grupo especial de expertos para formular nuevas directrices y evitar practicas abusivas....por su parte el vocero del banco a traves de un mucho y do expreso que "lamentan toman total responsabilidad de los incidentes

. >> tough talk from california treasurer john chiang.now suspending millions in business with wells fargo amid the banking scandal. good afternoon and thank you for joining us today. i'm ama daetz. >> and i'm larry biel. >> it's all about sending a message here. aches 7 news reporter carolyn tiler with a closer look at what the state is doing. carolyn? >> reporter: well, larry, in addition to the sanctions which begin immediately, the state treasurer is also calling on the bank ceo john stumpf to resign. he says the ceo's testimony last week on capitol hill was

reporter: wells fargo responded by saying we understand the concerns that have been raised: >> john chiang says this will remain in place for the next 12 months. randy paige, kpix 5. >> tomorrow wells fargo's ceo john stumpf testifies before the house financial services committee. >>> meteorologist brian hackney increasing our chances -- well, not you personally increasing our chances but we got word about that. >> that's right all right. we take the blame for everything. might as well take the credit. we might get some rain on sunday. what a switch. i mean, last sunday we were at record highs. numbers near 100. this coming sunday it looks like maybe a tenth to a .25" in rain. south bay, we have had the clouds that indicate the nearness of the "loma fire." red clouds out there. air quality not so great in the south bay as we'll show you in a moment. today's highs well off of where we were a few days ago but still warm. livermore 92 degrees. concord 87. san jose we picked up 80 degrees. tonight the game forecast for the giants low clouds and chilly. and game time temperature of about 56 deg

this is a live look at san francisco's city hall where california state treasurer john chiang is set to make an announcement. the san francisco-based bank was recently fined $185 million over its last scandals. he called the scandals, a legal and ethical outrage that cannot go unpunished. he is expected to announce a host of sanctions that include suspending investments by the treasurers office in all wells fargo securities. employees are accused of opening more than 2 million fraudulent accounts to boost sales numbers. wells fargo now says it's getting rid of retail banking sales goals by the end of the year and it's firing more than 5,000 employees for opening the fraudulent accounts. but as omar villafranca shows us, this may be a symptom of a larger problem in the banking industry. >> i accept full responsibility for all unethical sales practices in our retail banking business. >> reporter: john stumpf was contrite last week as lawmakers quizzed him on wells fargo's hyperaggressive sales tactics. oscar gashes sa was a personal banker for a chase bank outside dallas. garza says ag

fargo is losing access to billions of dollars worth of state business, what california's treasurer john chiang calls the state's most highly profitable business relationships. >> when you make a mistake-- and we all make mistakes -- you own up to that mistake, right, and you show that you're not indifferent, you don't have a callous disregard for the people that you serve. >> reporter: the action follows revelations that under pressure wells fargo employees illegally created up to two effective immediately, california will no longer invest in wells fargo securities or engage wells fargo to buy investments or underwrite state bond sales. the sanctions are partly a response to the testimony of the wells fargo c.e.o. john stumpf last week when we met tough questions from senators, including elizabeth warren. >> this is about responsibility. you have returned one nickel of the millions of dollars that you were paid while this sca w going on? >> the board will take care of that. >> have you returned one nickel of the money you earned while this scam was going on? >> and the board will do-- >> i wil

. >> reporter: today in san francisco treasurer john chiang said that wells fargo's action cannot go unpunished. wells fargo has admitted its employees opened more than 2 million accounts without customer knowledge and then charged them millions of dollars in illegal fees. as punishment, he announced a number of sanctions, including suspension of investments by the treasurers office in all wells fargo securities, suspension of the use of wells fargo for purchasing developments, and when the treasurer picks the underwriter, suspension of wells fargo for the sale of state bonds. as the state's banker, the treasurer oversees nearly $2 trillion in annual banking transactions and manages a $75 billion development pool. he couldn't say how much of that money actually gets invested through wells fargo but the sanctions go into effect immediately and will stay in place for the next 12 months. >> we don't want to see a decline over the long term with them. we want them to admit their wrongdoing, fix their practices, become a successful bank once again, but acting in individual and community a

and treasurer john chiang went further. >> is it appropriate for the ceo to resign? i believe -- i believe it is. >> in a recent statement, wells fargo responded with an apology saying, we are very sorry and take full responsibility for the incidents in our retail bank. we have already taken important steps and will continue to do so to address these issues and rebuild your trust. >>> president obama answered some tough questions last night during a presidential town hall. he even touched on colin kaepernick's national anthem protest. here's reed binion >>> reporter: appearing before military audience wednesday, president obama fielded questions on topics including terrorism, veterans health and u.s. military activity abroad. an emotional moment coming as obama took a question about accountable in veterans healthcare from the widow of a serviceman who said he waited more than a year for a colonoscopy. then found out he had terminal cancer. >> we have in fact fired a whole bunch of people who were in charge of some of these facilities. >> reporter: obama also addressi

. >> john chiang announced that it is suspending its relationship with wells fargo bank. >> wells fargo'sabuse of its customers. >> reporter: the bank will not invest in wells fargo's community. nor it will allow to be the broker for financial instruments nor will it be permit to finance state bonds. chiang says he will also work with the state teachers and employee funds to force the bank to clean up its act in losing $2.3 billion in f

. >> john chiang announced that it is suspending its relationship with wells fargo bank. >> wells fargo's abuse of its customers. >> reporter: the bank will not invest in wells fargo's community. nor it will allow to be the broker for financial instruments nor will it be permit to finance state bonds. chiang says he will also work with the state teachers and employee funds to force the bank to clean up its act in losing $2.3 billion in fund investments. and if there is anything else. >> the sanctions may escalate up to and including a complete termination of our business relationship with the bank. >> reporter: chiang is also appointing a blue ribbon panel of people from business and consumer add voe cassie to state and federal legislation urs and regulators. wells fargo and its top executives are at great risk now. >> this is something they have got to clear up and they have to do more than saying they are sorry. the question really before the house is what is wells fargo culture. >> reporter: wells has surely brought the wrat of regulators down on the entire business. >> it is going to

. >>> california state treasurer john chiang plans to make a major announcement today regarding wells fargo bank. the san francisco based company is embroiled in a scandal over new accounts created for customers without their knowledge. meanwhile, wells fargo's ceo john stumpf says he will forfeit $41 million in stock awards. the company also announced that carey tollstead who is the head of the division that created the accounts will not get a severance package. >>> a man who was shot by police has died. this is what it looked like in el cajon last night. demonstrators were outside police headquarters and the scene of the shooting. witnesses say that the man was unarmed when he was shot outside a shopping mall. >> we're tired of this. we just got word that the brother died and they left real fast. so we need to know what's going on. why are they killing black men out here! >> family, friends say that the victim was mentally disabled. the el cajon police chief says that the man did not have a gun. but he reportedly pulled something out of his pants and pointed it at officers. his name

the state treasurer, john chiang, announced today several sanctions. >> pam:he is suspending investmentse san francisco bank and won't use it as broker in any purchases. the sanctions will last for a year. the treasurer added that wells fargo c-e-o john stumpf should resign. wells fargo has been fined 185- million dollars and the bank has fired 53-hundred employees for opening millions of accounts with customers' permission. wells fargo put out this response: "we certainly understand the concerns that have been raised. we are very sorry and take full responsibility for the incidents in our retail bank. we have already taken important steps, and will continue to do so, to address these issues and rebuild your trust." a former u-s marine is expected to plead guilty in court... to kidnapping charges. matthew muller was indicted last june... suspected of assaulting a vallejo woman and her boyfriend in their mare island home last march. muller also allegedly held the woman hostage for two days before releasing her. when she was found safe...police accused the couple of faking the kidnapping.

. >> tough talk from california treasurer john chiang. the state is now suspending millions in business with wells fargo amid the banking scandal. good afternoon and thank you for joining us today. i'm ama daetz. >> and i'm larry biel. >> it's all about sending a message here. aches 7 news reporter carolyn tiler with a closer look at what the state is doing. carolyn? >> reporter: well, larry, in addition to the sanctions which begin immediately, the state treasurer is also calling on the bank ceo john stumpf to resign. he says the ceo's testimony last week on capitol hill was disheartening. >> sometimes enough is enough. >> reporter: california treasurer john chung is accusing wells fargo of wanton greed for opening over 2 million fake bank accounts for customers. as punishment for one year, the state will no longer use wells fargo for buying investments or underwriting bonds and will not invest in the bank's securities. >> how can my office continue to entrust the public's money to an organization which has shown such little regard for l

. >>> california's state treasurer john chiang is set to make a major announcement today regarding wellsargo bank. the san francisco-based company is in serious hot water because of new accounts created for customers fraudulently. the wells fargo scandal has federal reserve chair janet yellen feeling the heat. she is expected to face tough questions today from the house financial services committee. critics wonder why federal banking regulators didn't detect it the fraud at wells fargo. meanwhile, the ceo john stumpf who was grilled by the senate banking committee last week says he will forfeit $41 million in stock awards. >>> today in san francisco, at&t will open its flagship technology store. the retail outlet is located in an historic building at one powell street. the so-called technology playground has interactive displays allowing to you test out smart home and connected car features. the doors open up at 9 a.m. >>> many people are getting ready to dance at the treasure island music festival. but in a last-minute change, all the beats will be sounding from a different spot on the

chiang dorothy j. chiarchiaro luis alfonso chimbo robert chin eddie wing-wai ching nicholas paul chiofalo john g.ipura peter a. chirchirillo catherine ellen chirls kyung hee casey cho abul k. chowdhury mohammad salahuddin chowdhury kirsten lail christophe pamela chu steven paul chucknick wai ching chung christopher ciafardini alex f. ciccone frances ann cilente elaine cillo edna cintron nestor andre cintron iii robert d. cirri, sr. juan pablo cisneros benjamin keefe clark eugene clark >> and my uncle, albert mason. >> and stephen frank macy. [applause] >> gregory alan clark mannie leroy clark sara m. clark thomas r. clark christopher robert clarke donna marie clarke michael j. clarke suria rachel emma clarke kevin francis cleary james d. cleere geoffrey w. cloud susan marie clyne steven coakley jeffrey alan coale patricia a. cody daniel michael coffey jason matthew coffey florence g. cohen kevin s. cohen anthony joseph coladonato mark joseph colaio stephen j. colaio christopher michael colasanti kevin nathaniel colbert michel p. colbert keith e. coleman scott thomas coleman tarel coleman liam jos

john. (announcer vo) so wherever work takes you, you can put your customers first. introducing one talk-- another way verizon connects your business better. learn how at onetalk.com. ♪ >> anthony: chiang to where, to what, i don't know, i don't much care. [ woman speaking thai ] >> anthony: but i do know it's time to eat. in thailand it's almost always a time to eat, oh yes, and drink. we shall be doing that too. >> andy: the inevitable ice in beer. the way to drink beer in southeast asia. >> anthony: beer you say? oh all right, in the interest of research, of course. >> andy: you got beer, you got booze, you got ice. you got some grilled meat. >> anthony: snackage? yes. i would like snacks. >> andy: they've got pork chin and intestines. you got a spicy dipping sauce. ah, this is a chinese liquor. >> anthony: all right. >> andy: oh. >> anthony: it tastes like boner medicine. >> andy: yes, it also tastes like a -- a dirty sack. >> anthony: when did you come to thailand first? >> andy: i believe it was 1987. and i came as a backpacker. it was all about, you know, smoking dope on the beach, eating mushrooms, chasing girls, and drinking beer. i had a three-month ticket and i ended up stay

chiang dorothy j. chiarchiaro luis alfonso chimbo robert chin eddie wing-wai ching nicholas paul chiofalo john g.rchirillo catherine ellen chirls kyung hee casey cho abul k. chowdhury mohammad salahuddin chowdhury kirsten lail christophe pamela chu steven paul chucknick wai ching chung christopher ciafardini alex f. ciccone frances ann cilente elaine cillo edna cintron nestor andre cintron iii robert d. cirri, sr. juan pablo cisneros benjamin keefe clark eugene clark >> and my uncle, robert d. matson. >> and stephen frank macy. [applause] >> gregory alan clark mannie leroy clark sara m. clark thomas r. clark christopher robert clarke donna marie clarke michael j. clarke suria rachel emma clarke kevin francis cleary james d. cleere geoffrey w. cloud susan marie clyne steven coakley jeffrey alan coale patricia a. cody daniel michael coffey jason matthew coffey florence g. cohen kevin s. cohen anthony joseph coladonato mark joseph colaio stephen j. colaio christopher michael colasanti kevin nathaniel colbert michel p. colbert keith e. coleman scott thomas coleman tarel coleman liam joseph colhoun ro

chiang dorothy j. chiarchiaro luis alfonso chimbo robert chin wing wai ching nicholas paul chiofalo john gerard chipurawdhury mohammad salahuddin chowdhury kirsten l. christophe pamela chu steven paul chucknick wai chung christopher ciafardini alex f. ciccone frances ann cilente elaine cillo edna cintron nestor andre cintron iii robert dominick cirri juan pablo cisneros benjamin keefe clark eugene clark >> and my uncle robert d. madison. >> and my uncle steven frank macy. [ applause ] gregory alan clark mannie leroy clark sarah m. clark thomas r. clark christopher robert clarke donna marie clarke michael j. clarke suria rachel emma clarke kevin francis cleary james d. cleere geoffrey w. cloud susan marie clyne steven coakley jeffrey alan coale patricia a. cody daniel michael coffey jason m. coffey florence g. cohen kevin sanford cohen anthony joseph coladonato mark joseph colaio stephen colaio christopher m. colasanti kevin nathaniel colbert michel p. colbert keith e. coleman scott thomas coleman tarel coleman liam joseph colhoun robert d. colin robert j. coll jean marie collin john michael collins mic