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Wells Fargo Invests $5M In Cryptocurrency Startup That Connects Banks With Exchanges

The venture arm of Wells Fargo & Company (NYSE: WFC) has invested $5 million in a cryptocurrency startup Elliptic. read more.....»»

Category: blogSource: benzingaFeb 13th, 2020

Wells Fargo Invests $5M in Startup Connecting Crypto Exchanges and Banks

Banking giant Wells Fargo is backing blockchain forensics firm Elliptic......»»

Category: forexSource: coindeskFeb 13th, 2020

Wells Fargo Is the Latest Bank to Bar Consumers From Buying Bitcoin While Using Its Credit Cards

The decision follows similar announcements by other banks. Yet another banking giant, worried about the asset’s volatility, is banning cryptocurrency purchases using its credit card. America’s third largest bank by assets, Wells Fargo.....»»

Category: europeSource: fortuneJun 11th, 2018

Big banks, including Bank of America and Wells Fargo, are boosting family support amid Covid-19

Some of the country's largest banks are stepping up to assist employees during the pandemic......»»

Category: topSource: bizjournalsAug 31st, 2020

Big banks, including Bank of America, Truist and Wells Fargo, are boosting family support amid Covid-19

North Carolina's largest banks are stepping up to assist employees during the pandemic......»»

Category: topSource: bizjournalsAug 28th, 2020

Warren Buffett sheds big stakes in banks and goes for the gold

Warren Buffett's Berkshire Hathaway Inc. (BRKA)(BRKA) unloaded a more than a quarter of its stake in Wells Fargo & Co. (W.....»»

Category: topSource: foxnewsAug 14th, 2020

Bank of America savings rates are low, but similar to banks like Chase and Wells Fargo

Bank of America; Alyssa Powell/Business Insider   Bank of America (Member FDIC) has a regular savings account, minor savings account, and custodial savings account. The bank pays 0.01% APY on all its savings accounts, but you may qualify.....»»

Category: topSource: businessinsiderAug 4th, 2020

These banks closed the most branches in the first half of 2020

San Francisco-based Wells Fargo & Co., Philadelphia’s largest bank by deposits, had the third-highest net branch closings......»»

Category: topSource: bizjournalsJul 24th, 2020

Wells Fargo nets former Bank of America exec to lead digital strategy, innovation

The hire means executive shifts for the two biggest banks in Charlotte. It's the result of ongoing structural changes at Wells Fargo......»»

Category: topSource: bizjournalsJul 21st, 2020

Wells Fargo execs talk expense cuts, asset cap and more after big Q2 loss

Wells Fargo needs to shave off at least $10 billion in annual expenses to rival efficiency at other banks, CEO Charles Scharf told investors......»»

Category: topSource: bizjournalsJul 15th, 2020

Bank ETFs sink as earnings from JPMorgan, Citi, and Wells Fargo fail to inspire

Exchange-traded funds with exposure to banks lagged the broader market Tuesday after a trio of big banks reported disappointing second-quarter results. The Invesco KBW Bank ETF and the First Trust Nasdaq Bank ETF were both down 1.7% in the early a.....»»

Category: topSource: marketwatchJul 14th, 2020

"This is not a normal recession": 3 large US banks set aside $28 billion to cover potential loan defaults due to the coronavirus pandemic

JPMorgan, Citigroup, and Wells Fargo set aside a combined $.....»»

Category: smallbizSource: nytJul 14th, 2020

Stock futures trade lower as banks report earnings

JPMorgan Chase reported better-than-expected results. Citigroup earnings per share were also better than expected, while Wells Fargo reported a net loss of $2.4 billion......»»

Category: topSource: foxnewsJul 14th, 2020

What to expect as Wells Fargo, Truist and Bank of America report earnings this week

North Carolina's largest banks are set to release second-quarter earnings this week as the industry continues to grapple with Covid-19......»»

Category: topSource: bizjournalsJul 14th, 2020

Bremer tops all banks for PPP loans of $150K or more to MN employers

U.S. Bank and Wells Fargo have more marketshare, but Bremer Bank provided more large PPP loans to Minnesota employers than the two giants. See which banks lent the most......»»

Category: topSource: bizjournalsJul 7th, 2020

What"s in store for shareholders of Bank of America, Wells Fargo following mandate from the Fed

Last week the Federal Reserve issued a mandate restricting dividends and share buybacks for the nation's biggest banks......»»

Category: topSource: bizjournalsJun 30th, 2020

What"s in store for shareholders of Bank of America, Wells Fargo following mandate from the Fed

Last week the Federal Reserve issued a mandate restricting dividends and share buybacks for the nation's biggest banks......»»

Category: topSource: bizjournalsJun 30th, 2020

Wells Fargo to cut dividend while other big banks hold payouts steady

Nation’s fourth-largest bank has cited weak earnings during the pandemic.....»»

Category: topSource: foxnewsJun 30th, 2020

Wall Street sees more bank stress ahead with Fed dividend moves

Big bank stocks, including JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co., continued Thursday’s postmarket declines into Friday after the Federal Reserve said banks can’t increase... To view the full story, click the title link......»»

Category: dealsSource: nytJun 27th, 2020

Deep Dive: Are the dividends from your bank stocks safe? Stress test results put pressure on future payouts

Among the ‘big six’ U.S. banks, it appears Wells Fargo is the most at risk for a third-quarter dividend cut......»»

Category: topSource: marketwatchJun 26th, 2020

Deep Dive: The Federal Reserve’s bank stress tests put dividend payments at risk

Among the ‘big six’ U.S. banks, it appears Wells Fargo is the most at risk for a third-quarter dividend cut......»»

Category: topSource: marketwatchJun 26th, 2020