all at the behest of wells fargo bank. they did not have to do this. there are other owners that this hotel made a profit in good times than bad. wells fargo bank is like to cause problems, i guess. you know, i am yea homeowner in this city and leggy to be a homeowner. money comes out of my pocket when i pay my taxes and ends up in the hands of wells fargo bank, the same people who have caused all this havoc in our hotel and who put me out of the hotel and on unemployment with one of these bank of america edd cards. i think that it is fiscally irresponsible for my money in taxpayers' money to go to wells fargo bank, and i think it is morally repugnant, and it is time to get our money out of these banks. thank you. [bell rings] [applause] supervisor avalos: thank you. next. craigslist isn't yet a today i am here to speak about the impact of wells fargo's practices and investments in san francisco and the grants. as you know, attacks against immigrants has gone through the passage of arizona's ab 1070 and the copycats that followed. these laws have legali

they've managed to shutdown thes with wells fargo branch offices. -- bank customers are not getting in the offices are open. police say some protesters agreed to move away interest those doors. they are blocking the brand. offices. protesters were arrested. wells fargo has not asked them to move the protesters in front of the branch doors. the movement went on the move today with a march straight through the financial district. the hundreds managed to temporarily take over drum street and then sacramento so they could be seen and heard. marching wasn't their main objective today. they were headed to a deck destination, the wells fargo bank on montgomery this is where protesters landed before 8:00 a.m. and cemented -- and settled in for the long haul. >> i would like to get in the building and do my job. >> reporter: instead, well dressed bank employees stood on the sidewalk and batched as protesters expressed their anger towards banks -- >> if you look at banks receiving a 30 billion dollar tax handout from taxpayers, people are upset. >> reporter: some went so far as to classify banks

they've managed to shutdown thes with wells fargo branch offices. -- bank customers are not getting in the offices are open. police say some protesters agreed to move away interest those doors. they are blocking the brand. offices. protesters were arrested. wells fargo has not asked them to move the protesters in front of the branch doors. the movement went on the move today with a march straight through the financial district. the hundreds managed to temporarily take over drum street and then sacramento so they could be seen and heard. marching wasn't their main objective today. they were headed to a deck destination, the wells fargo bank on montgomery this is where protesters landed before 8:00 a.m. and cemented -- and settled in for the long haul. >> i would like to get in the building and do my job. >> reporter: instead, well dressed bank employees stood on the sidewalk and batched as protesters expressed their anger towards banks -- >> if you look at banks receiving a 30 billion dollar tax handout from taxpayers, people are upset. >> reporter: some went so far as to classify banks

from bankamerica, and wells fargo. bank of america and wells fargo. banks are not making leaving easy. >> take a look it is you tube video protesters getting arrested to close their bank account with citibank. they are to no---showing that make of ama is showing that new fees are charging $5 per month for using your debit card. in addition, the housing crisis. there is a reporter future profits of people of lost their homes. while some customers have left, some credit unions are trying to cash in on disgruntled calkesha- customers. >>catherine: the police chief are commenting on the medical marijuana. >> charles clifford, i will have your full story of the officer assault. >>reporter: a double homicide coming up when kron 4 news, continues. >>catherine: it was still a robber gets $4,000 worth of jewelry. >>gabe: your cellphone overages my tech report. >>jacqueline: a great day of their but a cool down, coming up. . in the last 24 hours we have seen a 15 degree difference. the >>jacqueline: welcome back. with 8 degrees warmer in the san jose these warme

wells fargo. >> wells fargo, bank of america, they are not hurting at all while everyday cities are being forced out of their home and city at an alarming rate. >> reporter: this time, protesters blocked the doors at the wells fargo headquarters. >> i'm not security. >> reporter: an employee did not want to give his name but did give his opinion. >> most people did -- if you look at it, wells fargo did a good job. >> reporter: one woman said she missed work so she could be here. getting into the building still was not obstacle-free. >> i'm julie ann. >> reporter: some protesters had a drum circle. this group had a baby circle. they brought their kids and complaints. one parent seemed to touch on why mainstream americans are protesting, too. >> we're all living the train wreck. we can't afford to be with our children and to be with our families and to afford a normal, middle-class life. >> reporter: all right. right now, people are banging on the front glass window here on montgomery street. they just got an order to move somewhere else. we're gonna stay with them. and if anything develops before

next is marked with wells fargo. >> hello, i work for wells fargo bank. i cover the northern california region. i usually focus on about $350 -- $350,000 of sbe loans. last year, for 2010, i did 43 loans. so we are lending. i usually focus on six different types of loans. start-ups, business acquisitions, real estate purchases with ti's, working capital, a partner buyouts, business expansion. when i am looking at a potential loan, i use the standard five c's of credit. the first one is character. what we are looking for is a minimum score around 640. we would like to say no recent bankruptcy foreclosures, bankruptcies, tax liens. if we see a loan that has been modified, we would like to see a reason it was modified, what ever reason it may be. it cannot be, i did not want to pay that payment any more. the second c, conditions. basically, how precise will the money be used? we are looking at a business plan. when you look at a business plan, that is just a start up. we are looking to see where there will be the need for lending. if you are an existing busi

. >>> the bay area's occupy wall street movement targets wells fargo bank.wing disparity between haves and have-nots and tonight $3 million statement to bank of america. a new milestone in san bruno. a neighborhood off limits for a year now. >> and the free trade agreement that could turn a thirst for wine into a boon for the california economy. >> if you look at the fact you have banks receiving basically a $30 billion cash handout people are upset about that. >> the bay area 99% says it's mad and isn't going to take it anymore. the biggest dome straigs to date. good evening, i'm cheryl jenning autos hundreds of antiwall street protestors shut down a wells fargo bank today. and they praised protestors for their organizational skills. we're live from the encampment on market street. mark? >> remember, on monday, i was out here there are about 50

to a credit union. >> both wells fargo and bank of america issued statements to abc news today citing what they call extensive efforts to help home owners. bank of america noted 193,000 mortgage modifications in california since 2008. wells fargo says since 2009, nationwide it has completed or is still working on more than 700,000 mortgage modifications. as the occupy wall street movement gains momentum, though, many activists predict specific economic strategies aimed at big banks will continue and smaller community banks may benefit. >> credit unions are fair, they are local. they revest in the local community and that is why i choose a credit union. >> a bank of america representative told me she was both sorry and surprised that the church has decided to close its accounts and that someone would personally meet with church officials to address their concerns. the pastor told me until and unless the bank changes its foreclosure policies the decision has been made. >>> a big step toward recovery today for the san bruno neighborhood devastated by last year's

bank as well. i wanted to ask a question about the current banking arrangement for the city. we currently bank with three banks, bank of america, wells fargo, and union bank. given the occupy sf and wall street protests happening around the world, there is a lot of focus on the lack of accountability on those three banks at least. how did we come to the decision to go with those three banks? what flexibility is there to make changes in that arrangement? >> a lot of where our accounts set is due to history. technically, these 133 accounts are spread across three banks, but the overwhelming majority are with bank of america, simply because that is the relationship the city has had the longest. your question about what we can do about reing gauging and thinking about changing or completely replacing any of our current relationships, that is what this rfp is about. it is not that easy to move 133 bank accounts. if you think about how often we think about moving our accounts from one bank to another, it is not something that we do every week or even every year. similarly, it is a lot of work to set up these accounts, make sure that the millions

they will be hitting other banks, wells fargo and the bank of america and goldman sachs. they are going to perform a prayer or ritual at each location and march to the next one. video shot, they created a bowl to illustrate the bible verse about not worshipping false idols looking like the bull on wall street. it will be carried by men in suits to look like businessmen. the clergy represent a range of religious -- religions and communities from protestant, muslim, vacaville to santa rosa. 170 clergy members were confirmed today. it looks like they had a great turnout. the sf protesters say they were happy to see them. >> i think it is wonderful! i think we need more stuff like this. we need to connect with all aspects of the community, especially parts of the people like this. and i know occupy doesn't try and stand for any political or religious persuasion, that's fine this is a multi-congregational, multi-faith delegation. >> we are creating our own version of a lobbyist for the core and -- for the poor and middle class. we don't have a lobbyists, our representatives ha

they will be hitting other banks, wells fargo and the bank of america and goldman sachs. they are going to perform a prayer or ritual at each location and march to the next one. video shot, they created a bowl to illustrate the bible verse about not worshipping false idols looking like the bull on wall street. it will be carried by men in suits to look like businessmen. the clergy represent a range of religious -- religions and communities from protestant, muslim, vacaville to santa rosa. 170 clergy members were confirmed today. it looks like they had a great turnout. the sf protesters say they were happy to see them. >> i think it is wonderful! i think we need more stuff like this. we need to connect with all aspects of the community, especially parts of the people like this. and i know occupy doesn't try and stand for any political or religious persuasion, that's fine this is a multi-congregational, multi-faith delegation. >> we are creating our own version of a lobbyist for the core and -- for the poor and middle class. we don't have a lobbyists, our representatives ha

. >> reporter: at the chase headquarters, wells fargo, bank of america, and goldman sachs, they're all stops for the march. leaders aren't giving a message because they say the golden calf speaks for itself. once they stop at all those banks they'll end back at justin herman plaza. they say this is just the beginning of a larger movement that these representatives from different churches and different communities plan to continue to work together to keep this protest moving in a positive direction. back to you. >> all right, christy, thanks. >>> meanwhile, the occupy protest in san jose has been taken to new heights. a protesters perched himself on top of city hall. he appears to be standing on a tall ledge. police are afraid to move him because he might fall. police have also been removing protesters in front of san jose citily hall. they arrested four people and tore down their tents. over the weekend two people were arrested, and another person was cited and released for camping out. >>> and there's a second eviction notice on the city's website saying the encampment is a violation

bank. commissioner borden: i wanted to, again, set a couple of last things. both wells fargo and bank of america are charging hughes fees for checking accounts and people are looking for options. a lot of people are upset about the new fees. people need options and should not be forced to stick with someone who is not treating them well. that is something business accounts care about. we try to provide a range of services. there are other vacancies that other small businesses could be going into now. we cannot hold for retail space. we would love for reading to go in there. there are other places along the corridor. but they are not. i think there was a retail store before. the point is, for whatever reason, retail spaces are not taking some of these spaces. restaurants or other uses are moving into those bases. a lot of that has to do with the internet and the fact that people would rather buy things cheaper online. we have had people testify at hearings that people take pictures of the item in their retail store and then order them on line. we are lucky that overall fillmor

they left mcpherson square and marched to the p street wells fargo bank branch. many went inside and closed their accounts. they say since the bank is too big to fail, they need their money. the marchers then returned to mcpherson square where they've pn camped ut for about three weeks now. >>> afghanistan's president said if there was ever a war between the u.s. and pakistan, his country would side with pakistan. hamid karzai made those remarks during an interview with a private packy tv channel today, after recent tensions between the two countries over cross-border raids. a war between the u.s. and pakistan is unlikely. both countries have recently mended fences over how the u.s. secretly entered pakistan to kill osama bin laden. >>> more than one year after that massive oil leak, it is back to business for bp. the company plans to drill new oil wells in the gulf. >>> plus, big news in decision 2012, how another primary shuffle has republicans changing their calendars. >>> and the black widow is at it again. how she fared at a oneton eating contest. >> well, yo

. >>> wells fargo bank posted a earnings increase of 21% in the 3rd quarter. they say its net income rose to $4 billion for the three months ending september 30. >>> on wall street today, stocks took a beating as reports cast doubt on the debt crisis. the dow is down 180.51 points. the nasdaq dropped 52 points. both are in the red for the year. >> san jose police released the names of three officers involved in a deadly shooting yesterday. he fired the shot that killed a man while they used their tasers during the incident. it happened yesterday morning in the back of the park side terrace apartments. police were responding to reports of a man acting suspiciously and say the man ignored orders to get out of the car. police haven't identified the suspect or said whether he had a weapon. >>> former sheriff's deputy says he paid his dues for the crash that killed two bike riders. ktvu's robert handa is live with the appeal that deputy is making and why. >> reporter: we are on stevens canyon road where the crash took place. the victim's families are upset the pers

agents say the guy wearing the hat with the fbi logo robbed the wells fargo bank in september and tried to rob another branch near dupont circumstance alweek later. he is armed and dangerous. >>> full education funding tonight is back for active duty u.s. marines. that decision just comes days after local marines complained about the cuts to news4. john schriffen has the report about a major update to a story you saw here first. >> reporter: according to the department of defense enlisted members of the military are given $4500 a year to take classes while they are in active duty. but on october 1st that funding was cut by 80%. from the time our story first aired about this change it took less than a week for the u.s. marine corps to retreat. >> they ugt it would take more time. >> reporter: this marine who asked us to conceal his identity is thrilled to lunch that the tuition assistance program is back. he spoke out to news4 on friday an ray ri that the u.s. marine corps redoosed the $4500 down to $875, the only branch of the military to do the reduction. >> allows the marines to take

in san francisco, 11 people were taken into custody on wednesday during a demonstration at wells fargo bankeadquarters. in new york, hundreds of protesters marched past jpmorgan chase bank. a scuffle with police led to four arrests there. >>> meanwhile, the new york park where the protesters have been camping out will be cleaned on friday. the city says the three-week-old encampment has created unsanitary conditions. the cleaning will be done in stages and protesters will be allowed to return afterward. >>> on the cbs "moneywatch," stocks up on asian markets following another good day on wall street. ashley morrison is here with more on. >>> asian markets were encouraged today by europe's efforts to clamp down its debt crisis. japan's nikkei gained 1% while hong kong's hang seng was up more than 2%. >>> today, wall street gets the weekly jobless claim numbers and another round of earnings report starting with jpmorgan chase. on wednesday, stocks gained more ground. the dow climbed 102 points while the nasdaq added 21. >>> some blackberry users are still having problems this morning. wednesd

specifically, the top four are wells fargo, bank of america, chase, and citigroup, all of whom have $5.40 trillion in assets. compare that to smaller banks around the country which have $1.40 trillion in assets. smaller banks to a much greater job of supporting local economies and have a broader portfolio of loans to small businesses. almost four times the amount of these banks that have $4 trillion in assets. how can we figure out, as a city -- and this is something that is being grappled with at the state level -- how can public entities use their public dollars in a way that will help stimulate the local economy, and greater accountability for our financial institutions? that was the purpose of asking for the report from the legislative analyst. with the feeling out in the street, occupy wall street, occupy sf, oakland, all the other cities around the country where this is going on, we do not feel like we have been bailed out. main street has not had its bailout. fillmore has not had its bailout. mission street had not had its bailout. how can we create the conditions to support small

i am president of the bar association and san francisco -- senior counsel at wells fargo bank. i want to thank the league of women voters for being our co- sponsor and for their help running this event tonight. thanks also to the san francisco government television for their lives dreaming of this form and for taping it to show san francisco voters during this election season. thanks also to our moderator for formulating the questions asking tonight. he has met with several people to develop questions that will hopefully help you determine how the vote in the november 8 election. many thanks also to the criminal justice advisory council who helps with creating the questions and putting the event together, and also many thanks to the committee of the bar association of san francisco and its share, who also help put this event together. i would first like to introduce cynthia foster, the first vice- president of the league of women voters of san francisco. she is the executive director of the hillsborough will foundation and is former president of the junior league of san francis

the group demonstrated in front of a local wells fargo bank before marching down 49th street back to mcpherson square. the group plans to camp there for several more months. >>> chicago occupiers protesting another issue and they have a problem with grant parka curfew forcing them to go home at 11:00 at night and this affects their ability to occupy the city. they're petitioning the city mayor to left the curfew and ask them for help with protests. >> freedom of speech shouldn't have a curfew. >> i would compare this to asking to go to a party and mom and dad make you g. you can't show up at 2 in the morning and say it's not fair, the party was good and i wanted to stay longer. the curfew was set there for a reason. >> and since the curfew was put in place before the occupy movement started. >>> and keep your eyes open for will ferrell. he's in town to receive the mark twain award at the kennedy center tomorrow night and this is him yesterday, bringing the humor to the white house posing with the pyrotechnic. he's the 49th resip -- with the press secretary. he's the 49th recipient --

wells fargo bank said there's an increase in requests for mortgage loans and refinancing. but that low rates are only part of getting a mortgage. each customer has a different set of unique circumstances that determine whether they qualify for a loan. >> it's hard. i mean, they don't want to give anybody a penny right now. >> she and her husband's credit scores were high and they have never been late on a payment. >> we prequalified. >> tough to do that? >> a little bit nail biting because you want to make sure you can get the best rate and you know, if your credit is a rye or a little bit dodgy, you're not going to get a great rate. you're going to get a higher rate. >> according to the last census, homeownership is rated second lowest in the country. they hope to close on a new home in the coming weeks. linda yee, cbs 5. >>> get out the extra blanket because coming up, one chilly night, but that's okay, because it's going to pan out to be a warmer day. the pinpoint forecast as eyewitness news continues. ,,,,,,,,,, [ male announcer ] at the safeway pharmacy you can get yo

and several were arrested for shutting down the entrance to the wells fargo bank headquarters there. the march also forced a temporary suspension of one of the city's famous cable car lines. the group said in a statement they want wells fargo to pay its fair share of taxes and to be held accountable for its roll in the financial meltdown. here in new york, by the way, a protest group today marched to the headquarters of jpmorgan chase. central to these protests, persistently high unemployment in this country. there are no shortage of reminders of that. our report tonight from nbc's mark potter. >> reporter: 800 miles from capitol hill there were long lines this week at a jobs fair in south haven, mississippi, with more than 2,500 people applying for work. glen jenkins is among the faces of joblessness in america. >> i just don't know how much longer i can maintain hope. ♪ >> reporter: near detroit, michael mccowan is also worried. after teaching music for 17 years, he just learned -- by mail -- that he and other teachers are being laid off. >> it makes me wonder how i'm going to be ab

hundreds of protesters showed up outside a wells fargo bank in san francisco. listen to what happened. all right. coming up next, why the group says they want the banks to beheld accountable for the role in the economic crisis. >>> coming up in sports -- 245es the group -- that's the group in san francisco. we will get back to that. students are supposed to take part in class. why was one student asked to stop talking and not raise his hand to participate. we will explain why and it may upset you. hurricane jova is lashing the mexican shoreline. how residence are riding out the store. now for a check of the latest business headlines. >> reporter: good morning. topping america's money, more foreclosures realty track says the number of homes receiving a first time default notice in the third quarter was up 14%. it's the first increase in more than a year. last night congress easily approved three new trade agreements with south korea, columbia and panama which could boost exports and add thousands of jobs especially in the automobile and agriculture industries. a