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$541,000,000,000 Will Exit US Banking System in ‘Severely Adverse’ Scenario, Warns Federal Reserve

The Federal Reserve says more than half a trillion dollars will exit the American banking system in its "severely adverse"…

July 1, 2023

$1,880,000,000,000 Bank ‘Too Busy’ To Stop Thief From Stealing Customer’s Money, Blames Account Holder For Huge Loss

A US banking giant was "too busy" to stop a criminal from stealing a customer's money as a scam unfolded…

June 30, 2023

US Banking Giant To Pay $1,000,000,000 Settlement Over Scandal That Cost Customers ‘Billions of Dollars in Financial Harm’

US banking giant Wells Fargo has agreed to pay $1 billion to settle a class-action lawsuit connected to illegal practices…

May 18, 2023

Banking Giants Citi, BNY Mellon and Wells Fargo Lead $105,000,000 Raise for Crypto Infrastructure Firm

The latest major funding round for crypto trading infrastructure firm Talos is raising $105 million from investors including banking giants…

May 12, 2022

Crypto in Early Stages of ‘Hyper Adoption Phase’: Banking Giant Wells Fargo

American banking behemoth Wells Fargo says the current state of cryptocurrencies is comparable to the internet in the mid-to-late 1990s.…

February 8, 2022

Banking Giants Wells Fargo and HSBC To Use New Blockchain Platform To Settle Global Forex Trades

Banking behemoths Wells Fargo and HSBC Bank are teaming up to use a blockchain solution for netting and settlements of…

December 13, 2021

US Banking Giant Wells Fargo To Offer Crypto Services to Wealthy Clients

The fourth-largest bank in the United States is embracing crypto. Wells Fargo announced this month that it will offer select…

May 21, 2021

Fourth-Largest Bank in the US Pumps $5 Million Into Bitcoin and Crypto Risk Management Firm

Traditional banks are moving further away from a zero-tolerance stance on Bitcoin (BTC) and cryptocurrency. As bankers around the world…

February 13, 2020

Federal Agency Hits Wells Fargo’s Ex-CEO With Lifetime Ban and $17.5 Million Fine for Fake Account Scheme

Wells Fargo's John Stumpf got hit with a lifetime ban from the banking industry in an unprecedented action by a…

January 24, 2020

(Banks Not Bitcoin) Wells Fargo Employee Nabbed in $14-Million Money Laundering Scheme

While Bitcoin and other cryptocurrencies are often associated with illicit activities, a recent multi-million dollar scam involving Wells Fargo underscores…

August 8, 2019