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Nalezeno "Wells Fargo": 41

Wells Fargo Starts Offering Crypto Investments to Clients

3.8.2021
Wells Fargo, one of the largest wealth managers in the U.S., has reportedly started offering crypto investments to its wealth management clients. Wells Fargo Offers Crypto Exposure A spokesperson for American financial services company Wells Fargo reportedly confirmed to Business Insider Friday...

Bank of America, Citigroup, Wells Fargo Unveil Their Cryptocurrency Policies

30.5.2021
Bank of America, Citigroup, and Wells Fargo have shared their policies regarding cryptocurrency before the U.S. Senate banking committee. The three banks are in different stages of offering crypto services to their clients. They also lag behind some of their peers, such as Morgan Stanley...

Banks cautious about crypto ahead of COVID-19 testimony before US Senate

26.5.2021
CEOs of major American banking institutions are heading to Washington to face legislators' questions about how they will aid a post-pandemic economic recovery

Wells Fargo Gets Into Crypto With Upcoming ‘Professionally Managed’ Cryptocurrency Investment

19.5.2021
Wells Fargo will soon offer “a professionally managed solution” for cryptocurrency to clients. “We think the cryptocurrency space has just kind of hit an evolution and maturation of its development that allows it now to be a viable investable asset,” said the president...

Biggest Layoffs in US Banking History: Analyst Predicts Banks to Cut 200,000 Jobs

18.5.2021
A Wells Fargo analyst has predicted the largest “reduction in U.S. bank headcount in history.” Banks are expected to cut 200,000 jobs as they strive to improve productivity and efficiency amid rising competition from fintech and non-bank financial institutions. US Banking Sector...

Bitcoin price climbs 20% overnight as US banks brace for 40% profit cut

12.1.2021
Bitcoin made a swift 20% recovery from the weekend’s bloodbath, while American banks prepare to post major losses in their upcoming quarterly reports

$200 Billion in Fines: Mega Banks Rack up Penalties From Illegal Activities

28.12.2020
Top U.S. banks have racked up almost $200 billion in fines and penalties over the past 20 years from illegal activities in 395 major legal cases. Bank of America tops the list, followed by JPMorgan, Citigroup, and Wells Fargo, according to a new report, which also covers Morgan Stanley and Goldman...

First Mover: Why Wells Fargo Won’t Recommend Bitcoin to Clients

9.12.2020
A Wells Fargo unit doesn't recommend bitcoin to clients, since they can't yet hold cryptocurrency in their accounts. What if that ever changed?

Wells Fargo Investment Institute Report Compares Bitcoin to the 1850’s Gold Rush

9.12.2020
On Monday, the U.S. bank Wells Fargo’s wholly-owned subsidiary and registered investment adviser the Wells Fargo Investment Institute published an investment strategy with a page dedicated to the crypto asset bitcoin. The institute’s contributing author and Head of Global Asset...

Wells Fargo report labels Bitcoin as speculative investment

8.12.2020
“Cryptocurrency investing today is a bit like living in the early days of the 1850’s gold rush, which involved more speculating than investing.”

Buffett dumps Wells Fargo amplifying bull case for gold and Bitcoin

5.9.2020
Warren Buffett and Berkshire Hathaway cut their position on Wells Fargo as the bet on Barrick Gold and rising inflation fuel the bull case for Bitcoin as well

Robinhood Taps Former Fidellity, Wells Fargo Execs as Compliance Heads

28.8.2020
Robinhood announced on Thursday that it has hired Norm Ashkenas and Kelly Zigatis as chief compliance officers of its Financial and Securities teams

JPMorgan, Bank of America, Wells Fargo Sued Over Trump’s Paycheck Protection Program

22.4.2020
Class action lawsuits have been filed against JPMorgan Chase, Bank of America, Wells Fargo, and U.S. Bank for their alleged unlawful and fraudulent practices in the Paycheck Protection Program. This program is part of President Trump’s $2.2 trillion stimulus package to help small businesses...

Q3 Crypto Ponzi Victims File Class Action Lawsuit Against Wells Fargo

6.4.2020
Wells Fargo Advisors is facing counts of fraud, negligence, unjust enrichment and vicarious liability in a lawsuit filed by the victims of a $35 million crypto Ponzi

Victims Accuse Wells Fargo Subsidiary of Turning Blind Eye to $35M Crypto Ponzi

6.4.2020
Plaintiffs claim Wells Fargo Advisors did not check on the activities of a financial advisor accused of defrauding 150 investors

Wells Fargo Fined $3 Billion for 15 Years of Illegal Practices Affecting Millions of Customers

23.2.2020
Wells Fargo, one of the largest U.S. financial services companies, has agreed to pay $3 billion to resolve the U.S. government’s investigations into fraudulent sales practices spanning over 15 years. The Wells Fargo fraud case involved the company forging customer signatures, moving money...