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Wells Fargo and HSBC Bank said on Monday that they will use a blockchain-based product for settling matched foreign exchange transactions.The two banking giants agreed to use a shared settlement ledger to process U.S. dollar, Canadian dollar, pound and euro transactions, with plans to expand the process to other currencies
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Wells Fargo and JPMorgan have both submitted separate filings to the Securities and Exchange Commission (SEC) on August 19, 2021, for the launch of a passively-managed Bitcoin fund that will offer their wealthy clients exposure to bitcoin (BTC). Wells Fargo Finally Joins the Bitcoin Movement After several months in the works, Wells
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Wells Fargo, one of the oldest banks in the United States, has registered a new pooled investment fund that offers its wealthy clients indirect exposure to Bitcoin (BTC).Wells Fargo’s filing of a “Notice of Exempt Offering of Securities” — also known as a Form D — with the United States
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Wells Fargo had announced earlier in the year that they planned to offer cryptocurrency investments to clients. Something that was referred to as a “professionally managed” cryptocurrency investment. Now the bank has announced that it will begin offering cryptocurrency exposure to its high net worth clients. The Wells Fargo Investment Institute
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With Tesla up about 700% this year, investors should avoid thinking about growth at any price and rather diversify their portfolios to older stocks.Wells Fargo Securities, the securities arm of American multinational financial services company, Wells Fargo & Co (NYSE: WFC) has released its top 10 predictions for 2021 and
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Charlie Scharf has apologized for insensitive diversity comments made earlier this summer.His handling of the issue speaks to his willingness to tackle problems head-on.That he made the comments at all shows he isn’t covering up potential problems at the bank.Wells Fargo CEO Charlie Scharf has been in the spotlight for
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Robinhood announced on Thursday it hired Norm Ashkenas and Kelly Zigatis as chief compliance officers of its Financial and Securities teams. Source
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Wells Fargo has changed the balance requirements for new clients to refinance a jumbo mortgage. This increases access difficulty.Wells Fargo & Co (NYSE: WFC), the largest mortgage lender in the U.S., has raised its requirements for incoming clients to refinance a jumbo mortgage. The bank’s new clients are now expected
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Wells Fargo anticipates U.S. corporate pensions will move $35 billion into fixed income. Analysts believe this may cause a sharp sell-off in the stock market and given the correlation between Bitcoin and stocks, this could leave BTC vulnerable for a pullback.KKM Financial managing director Dan Deming also warned that increased
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