Tag: Wells Fargo

Forex Weekly Look Back
May 28, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: HSBC winds down US retail banking business, Playtech to sell Finalto for $210 million

The governor of the Bank of Korea suggested that cryptocurrency trades from South Korean citizens are a potential threat to the country’s financial system. Increased trading of virtual assets – known for their volatile pricing – is threatening to leave the nation’s financial system at risk of instability, according to the Governor of the Bank…

Read more
Wells Fargo appoints Ulrike Guigui as Head of Payments Strategy
May 25, 2021 BY Steffy Bogdanova

Ulrike Guigui joins Wells Fargo as Head of Payments Strategy

Ather Williams III, Wells Fargo head of Strategy, Digital, and Innovation commented: Helping our consumer and business customers send and receive money seamlessly, securely, and conveniently is one of the most important financial services we provide, and we want to remain at the forefront of technology to enable payments. Ulrike’s deep experience in the payments…

Read more
forex and crypto market analysis
October 15, 2020 BY Steffy Bogdanova

Daily Market News: Goldman Sachs at its most profitable in a decade

What to watch Intuitive Surgical: Medical robotics firm Intuitive Surgical’s stock has gained 27% this year, despite Covid-19 disrupting large numbers of medical procedures. The company delivers its latest quarterly earnings update today, where the volume of procedures amid a resurgence in Covid-19 case numbers in several states across the US. Investors will also be…

Read more
SEC
February 28, 2020 BY Steffy Bogdanova

SEC fines Wells Fargo with $35 million over investment recommendation practices

The Securities and Exchange Commission (SEC) announced on Thursday settled charges against Wells Fargo Clearing Services and Wells Fargo Advisors Financial Network for improperly recommending risky investments to some of its clients, including senior citizens and retirees. SEC ordered Wells Fargo to pay $35 million penalty. SEC accused Wells Fargo for failing to supervise investment…

Read more
Wells Fargo
February 24, 2020 BY Valentina Kirilova

Wells Fargo pays $500m for misleading investors

California-based firm Wells Fargo & Co. was charged for misleading investors about the success of its core business strategy, the Securities and Exchange Commission (SEC) announced last week. According to the regulator, the company has agreed to pay $500 million to settle the charges, which will be returned to investors. The payment is part of a…

Read more
June 17, 2019 BY Mariela Naydenova

Wells Fargo's new CEO?

The former CEO of Wells Fargo, Mr. Tim Sloan, resigned from the bank in March, 2019. Ever since then, there seems to be a recruiting problem at Wells Fargo. Financial advisors at the bank are currently hoping to soon find a new CEO, one who will lead the bank out of the history of scandals…

Read more
forex market crypto news and updates
June 14, 2019 BY Valentina Kirilova

Daily Market News: Binance to open an official US website

Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for June 14, 2019. The text below is an excerpt and does not contain the full analysis. To say that crypto regulations in the United States are unclear would be a bit of an understatement. Progress…

Read more
July 12, 2016 BY Valentina Kirilova

Wells Fargo joins CLS as new settlement member

FX settlement system CLS Group (CLS) has announced that Wells Fargo & Co (NYSE:WFC) has joined as a settlement member. Wells Fargo joins 64 other settlement member banks in becoming a direct participant in CLS’s settlement and risk mitigation system – which settles approximately $5 trillion a day on behalf of its clients. Wells Fargo will benefit…

Read more