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News

Hong Kong Via Poland and Puerto Rico: Bitfinex Hops to Another Bank

  • The cryptocurrency exchange may have been an HSBC customer only a couple of weeks ago.
Wednesday, 17/10/2018 | 09:50 GMT by Simon Golstein
Executive Moves

Cowen Secures Former Wells Fargo Employee William Bassin as a Director

  • Bassin will work in the firm’s prime services unit.
Tuesday, 11/09/2018 | 06:00 GMT by Celeste Skinner
Executive Moves

Wells Fargo Taps FX Veteran Robert Sabia as Senior FX Spot Trader

  • Sabia will be reporting to Alan Kabbani, head of FX spot trading for the Americas.
Thursday, 06/09/2018 | 12:32 GMT by Celeste Skinner
News

Wells Fargo Files Patent for Blockchain System to Tokenize Sensitive Data

  • The secure nature of blockchain technology could be used to manage and protect sensitive data.
Friday, 20/07/2018 | 07:19 GMT by Rachel McIntosh
Institutional FX

Lawsuit Against Credit Suisse Seeking $300 Million for Brokers Is Dismissed

  • Credit Suisse was accused of withholding compensation from around 200 of its former financial advisers.
Friday, 22/06/2018 | 09:27 GMT by Celeste Skinner
News

Wells Fargo Bars Credit Card Holders from Purchasing Crypto

  • It became the fourth Wall Street bank to take this move.
Tuesday, 12/06/2018 | 09:13 GMT by Arnab Shome
News

Wells Fargo: Cryptocurrency Crash Could Spill Over into Stock Market

  • Wells Fargo head of equities comments on cryptocurrency in interview with CNBC.
Tuesday, 26/12/2017 | 13:43 GMT by Simon Golstein
Prime Brokerage

Wells Fargo and WSJ Engage in a Spat Over the Bank’s FX Business Practices

  • A story posted by the Wall Street Journal yesterday prompted a sharp response from the bank.
Wednesday, 29/11/2017 | 17:20 GMT by Victor Golovtchenko
Regulation

US Prosecutors Weigh Charges of Front-Running FX Order Against Wells Fargo

  • Wells Fargo is planning on refunding hundreds of thousands of dollars to QSR.
Friday, 27/10/2017 | 17:49 GMT by Aziz Abdel-Qader
Regulation

Wells Fargo Sacks Four Forex Bankers, Opens Internal Probe on Practices

  • Wells Fargo spokesperson Jessica Ong told Finance Magnates that she declines to comment on the bank’s investigation.
Friday, 20/10/2017 | 19:14 GMT by Aziz Abdel-Qader
Regulation

Wells Fargo Customers Get $3.4 Million in Restitution Over Sales Practices

  • Wells Fargo consented to the order without admitting or denying the findings.
Monday, 16/10/2017 | 19:46 GMT by Aziz Abdel-Qader
Regulation

Wells Fargo Accidentally Leaks Wealthiest Clients’ Sensitive Data

  • 50,000 wealthy clients' names, social security numbers, and other data delivered to third party by mistake.
Tuesday, 25/07/2017 | 18:14 GMT by Finance Magnates Staff
Exchanges

Bitcoin Exchange Bitfinex is Blocked from Accepting Wire Deposits

  • Starting today all incoming wires to Bitfinex, in all fiat currencies, will be blocked and refused by their banks.
Tuesday, 18/04/2017 | 10:15 GMT by Avi Mizrahi
Regulation

Wells Fargo Tries to Enforce Mandatory Arbitration in Phony Accounts Litigation

  • Wells Fargo tries to make use of fine print in account-opening contracts that bars unsatisfied customers from suing.
Friday, 25/11/2016 | 12:20 GMT by Aziz Abdel-Qader
Regulation

Ecuadorian Bank Gets Green Light in Wells Fargo Suit for $12m SWIFT Heist

  • Banco del Austro is going after Wells Fargo after $12m in transfers were wrongfully sourced using SWIFT's network.
Wednesday, 19/10/2016 | 13:49 GMT by Jeff Patterson
Regulation

Wells Fargo Chief John Stumpf Steps Down Over Fake Accounts Scandal

  • The bank's chairman and chief executive has announced his departure with immediate effect.
Thursday, 13/10/2016 | 06:47 GMT by Finance Magnates Staff
Regulation

Morgan Stanley Charged by US Regulator for Running Illegal Sales Contests

  • The contests were officially prohibited by the bank but proved to be lucrative, adding $24 million in new loan balances.
Tuesday, 04/10/2016 | 06:14 GMT by Finance Magnates Staff
Thought Leaders

Everybody Talks about Fintech Disruption, But How Can Banks Evolve?

  • Straying off the trading screen, Idan Levitov muses on how the banking industry will look within ten years.
Wednesday, 28/09/2016 | 12:43 GMT by Idan Levitov
Regulation

CFTC Charges Wells Fargo Bank $400k for Inaccurate Large Trader Reports

  • Wells Fargo is under the spotlight again for for failing to submit accurate LTRs.
Wednesday, 28/09/2016 | 06:37 GMT by Finance Magnates Staff
Regulation

Former Wells Fargo Bankers Sue for Unfair Dismissal Over Fraud

  • Two ex-Wells Fargo employees have filed a court case over firing after saying they were squeezed to breaking point.
Monday, 26/09/2016 | 07:53 GMT by Finance Magnates Staff
Regulation

Warren Berates Wells Fargo’s Stumpf “You Should Resign”

  • Criticised by Democrats and Republicans alike, Senator Warren called for Stumpf’s resignation amid “gutless leadership”.
Wednesday, 21/09/2016 | 07:20 GMT by Finance Magnates Staff
Regulation

Deutsche Bank Asked to Pay $14B to Settle Probe Into Mortgage Securities

  • The German lender reportedly has no intention of settling the potential claims anywhere near the amount cited.
Friday, 16/09/2016 | 07:02 GMT by Finance Magnates Staff
Regulation

Wells Fargo Banking Executive to Leave with $95 Million in Options

  • Former Exec Carrie Tolstedt is leaving the bank with a hefty payout in stock and options.
Thursday, 15/09/2016 | 12:26 GMT by Finance Magnates Staff
Regulation

US House Committee Passes Bill to Overhaul Dodd-Frank Law

  • The bill is regarded as the first step towards replacing the Dodd-Frank Act adopted after the financial crisis.
Wednesday, 14/09/2016 | 12:35 GMT by Finance Magnates Staff
Regulation

U.S. Regulators Levy $185 million Fine on Wells Fargo over Fake Credit Cards

  • Employees boosted sales figures by covertly opening and funding accounts without customers’ approval.
Thursday, 08/09/2016 | 23:07 GMT by Aziz Abdel-Qader
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