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Wells fargo
Europe's Economic Crossroads: Recession Fears and S&P Global's
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Will Blockchain Technology Mark a Turning Point in Fraud
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Europe's Economic Crossroads: Recession Fears and S&P Global's
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Will Blockchain Technology Mark a Turning Point in Fraud
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News
Wells Fargo to Pilot Its Own Crypto for Internal Settlements
2019-09-18T10:25:22.000+02:00
The bank has developed its own blockchain on R3’s Corda Enterprise.
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Regulation
NY Regulator Fines Wells Fargo $65 Million over ‘Cross-Selling’ Practices
2018-10-22T22:57:05.000+02:00
This illegal banking strategy has cost Wells Fargo hefty fines over the last two years.
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News
Hong Kong Via Poland and Puerto Rico: Bitfinex Hops to Another Bank
2018-10-17T11:50:34.000+02:00
The cryptocurrency exchange may have been an HSBC customer only a couple of weeks ago.
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Simon Golstein
Executive Moves
Cowen Secures Former Wells Fargo Employee William Bassin as a Director
2018-09-11T08:00:57.000+02:00
Bassin will work in the firm’s prime services unit.
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Executive Moves
Wells Fargo Taps FX Veteran Robert Sabia as Senior FX Spot Trader
2018-09-06T14:32:55.000+02:00
Sabia will be reporting to Alan Kabbani, head of FX spot trading for the Americas.
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Celeste Skinner
News
Wells Fargo Files Patent for Blockchain System to Tokenize Sensitive Data
2018-07-20T09:19:45.000+02:00
The secure nature of blockchain technology could be used to manage and protect sensitive data.
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Institutional FX
Lawsuit Against Credit Suisse Seeking $300 Million for Brokers Is Dismissed
2018-06-22T11:27:17.000+02:00
Credit Suisse was accused of withholding compensation from around 200 of its former financial advisers.
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Celeste Skinner
News
Wells Fargo Bars Credit Card Holders from Purchasing Crypto
2018-06-12T11:13:23.000+02:00
It became the fourth Wall Street bank to take this move.
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Arnab Shome
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News
Wells Fargo: Cryptocurrency Crash Could Spill Over into Stock Market
2017-12-26T15:43:37.000+02:00
Wells Fargo head of equities comments on cryptocurrency in interview with CNBC.
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Simon Golstein
Prime Brokerage
Wells Fargo and WSJ Engage in a Spat Over the Bank’s FX Business Practices
2017-11-29T19:20:55.000+02:00
A story posted by the Wall Street Journal yesterday prompted a sharp response from the bank.
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Victor Golovtchenko
Regulation
US Prosecutors Weigh Charges of Front-Running FX Order Against Wells Fargo
2017-10-27T19:49:49.000+02:00
Wells Fargo is planning on refunding hundreds of thousands of dollars to QSR.
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Aziz Abdel-Qader
Regulation
Wells Fargo Sacks Four Forex Bankers, Opens Internal Probe on Practices
2017-10-20T21:14:19.000+02:00
Wells Fargo spokesperson Jessica Ong told Finance Magnates that she declines to comment on the bank’s investigation.
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Regulation
Wells Fargo Customers Get $3.4 Million in Restitution Over Sales Practices
2017-10-16T21:46:10.000+02:00
Wells Fargo consented to the order without admitting or denying the findings.
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Aziz Abdel-Qader
Regulation
Wells Fargo Accidentally Leaks Wealthiest Clients’ Sensitive Data
2017-07-25T20:14:58.000+02:00
50,000 wealthy clients' names, social security numbers, and other data delivered to third party by mistake.
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Exchanges
Bitcoin Exchange Bitfinex is Blocked from Accepting Wire Deposits
2017-04-18T12:15:20.000+02:00
Starting today all incoming wires to Bitfinex, in all fiat currencies, will be blocked and refused by their banks.
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Avi Mizrahi
Regulation
Wells Fargo Tries to Enforce Mandatory Arbitration in Phony Accounts Litigation
2016-11-25T14:20:53.000+02:00
Wells Fargo tries to make use of fine print in account-opening contracts that bars unsatisfied customers from suing.
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Aziz Abdel-Qader
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Regulation
Ecuadorian Bank Gets Green Light in Wells Fargo Suit for $12m SWIFT Heist
2016-10-19T15:49:27.000+02:00
Banco del Austro is going after Wells Fargo after $12m in transfers were wrongfully sourced using SWIFT's network.
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Jeff Patterson
Regulation
Wells Fargo Chief John Stumpf Steps Down Over Fake Accounts Scandal
2016-10-13T08:47:05.000+02:00
The bank's chairman and chief executive has announced his departure with immediate effect.
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Regulation
Morgan Stanley Charged by US Regulator for Running Illegal Sales Contests
2016-10-04T08:14:53.000+02:00
The contests were officially prohibited by the bank but proved to be lucrative, adding $24 million in new loan balances.
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Thought Leaders
Everybody Talks about Fintech Disruption, But How Can Banks Evolve?
2016-09-28T14:43:34.000+02:00
Straying off the trading screen, Idan Levitov muses on how the banking industry will look within ten years.
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Regulation
CFTC Charges Wells Fargo Bank $400k for Inaccurate Large Trader Reports
2016-09-28T08:37:01.000+02:00
Wells Fargo is under the spotlight again for for failing to submit accurate LTRs.
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Regulation
Former Wells Fargo Bankers Sue for Unfair Dismissal Over Fraud
2016-09-26T09:53:47.000+02:00
Two ex-Wells Fargo employees have filed a court case over firing after saying they were squeezed to breaking point.
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Regulation
Warren Berates Wells Fargo’s Stumpf “You Should Resign”
2016-09-21T09:20:28.000+02:00
Criticised by Democrats and Republicans alike, Senator Warren called for Stumpf’s resignation amid “gutless leadership”.
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Regulation
Deutsche Bank Asked to Pay $14B to Settle Probe Into Mortgage Securities
2016-09-16T09:02:14.000+02:00
The German lender reportedly has no intention of settling the potential claims anywhere near the amount cited.
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Regulation
Wells Fargo Banking Executive to Leave with $95 Million in Options
2016-09-15T14:26:57.000+02:00
Former Exec Carrie Tolstedt is leaving the bank with a hefty payout in stock and options.
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Next
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