Financial services

Residents say China has used the health tracker for crowd control

TAIPEI, Taiwan – Angry bank customers who went to a central China city to recover their savings from ailing rural banks were stopped by a health care app on their mobile phone. Chinese residents must have the health app, which displays a code indicating their health status, including possible exposure to COVID-19. A green code …

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Charles Schwab pays more than $ 186 million in a robo-adviser deal

WASHINGTON- Charles Schwab SCHW -3.18% & Co. Inc. will pay more than $ 186 million to resolve a regulatory investigation that found it did not adequately disclose how keeping a large share of client assets in cash could hurt investment returns. The Securities and Exchange Commission said Schwab’s robo-advisor portfolios kept between 6% and 29.4% …

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