Investors want to know. How well is this particular bank problem contained? Will depositors tend to move toward the perceived safety, whether or not this is reality, of the large, U.S. money-center ...
Tag: Wells
SEC Wells Notice, what is it and why more may be coming
Ad On February 21, Paxos halted the issuance of new BUSD tokens after it was given a Wells Notice, a document the SEC provides to entities under investigation. The SEC can issue a Wells Notice to outl...
Wells Fargo Customers Report Issues With Online Bank Accounts
Wells Fargo News: Even as the biggest US banks faced the heat due to the closure of California’s Silicon Valley Bank, customers of major bank Wells Fargo reported facing issues in their online bank ac...
Wells Fargo Customers Report Missed Paychecks Due To Apparent Glitch
Topline Numerous Wells Fargo online banking users complained of not seeing scheduled paychecks hit their accounts Friday, which the bank blames on a technical issue that does not appear connected to T...
U.S. Shale Boom Shows Signs of Peaking as Big Oil Wells Disappear
HOUSTON—The boom in oil production that over the last decade made the U.S. the world’s largest producer is waning, suggesting the era of shale growth is nearing its peak. Frackers are hitting fewer bi...
Lido DAO’s $LDO Dips Amid Rumors of SEC Wells Notice
In its latest “weekly rollup” episode last Saturday (March 4), popular crypto podcast Bankless spread a rumor that the Security and Exchanges Commission (SEC) was going after staking platf...
Lido Price Plummets on Rumor of a SEC Wells Notice
Lido token (LDO) plummeted by almost 20% since Friday after the rumors of a Securities and Exchange Commission (SEC) Wells Notice. As the SEC cracks down on Web3 firms, a rumor from the Bankless Show...
Novak Djokovic ‘Denied’ U.S. Entry Ahead Of Indian Wells, Senator Says
NEW YORK, NEW YORK – SEPTEMBER 10: Novak Djokovic of Serbia celebrates winning match point to defeat … [+] Alexander Zverev of Germany during their Men’s Singles semifinal match on Day Twe...
Rafael Nadal To Miss Indian Wells, Miami With Leg Injury
LONDON, ENGLAND – JULY 07: Rafael Nadal of Spain talks to the Media to announce his withdrawal from … [+] the tournament during a press conference on day eleven of The Championships Wimble...
The EPA Needs To Start Permitting Wells For Carbon Dioxide Sequestration
A pipe carries emissions to the Petra Nova Carbon Capture Project at the NRG Energy Inc. WA Parish … [+] generating station in Thompsons, Texas, U.S., on Thursday, Feb. 16, 2017. The project, a ...
Real estate slump hits home as Wells Fargo axes hundreds of mortgage bankers days after taking some to a California resort
Picture a conference in Palm Desert, Calif., where the weather is warm and the activities are as much recreational as educational. Wells Fargo bankers were recently treated to such a company-sponsored...
Wells Fargo lays off mortgage bankers days after rewarding some with California retreat
Palm Spring Deserts, California Lonely Planet Wells Fargo laid off hundreds of mortgage bankers this week as part of a sweeping round of cuts triggered by the bank’s recent strategic shift, CNBC...
Wells Fargo boosts digital connection with rich clients
Pedestrians pass a Wells Fargo bank branch in New York, U.S., on Thursday, Jan. 13, 2022. Victor J. Blue | Bloomberg | Getty Images Wells Fargo is unveiling a new platform to boost digital engagement ...
Paxos Discusses BUSD Stablecoin With SEC Following Wells
According to recent reports, the stablecoin issuer Paxos was reportedly engaging in conversations with the United States Securities and Exchange Commission (SEC) on the Binance USD (BUSD) stablecoin a...
Generac shares now lack a meaningful upside: Wells Fargo
Generac Holdings Inc (NYSE: GNRC) is trading meaningfully down on Friday after a Wells Fargo analyst downgraded the stock to “equal weight”. Why did he downgrade Generac shares? That’s an interesting ...
The SEC has not ‘Circled’ Around USDC Issuer With Wells Notice
The stablecoin issuer was said to be likely to face regulatory actions Company officials denied any such possibility The rumors and speculations are fatal in themselves but could be disastrous if pla...
Circle Denies Receiving ‘Wells Notice’ Over USDC
The business that generates USD Coin (USDC), Circle, has denied allegations that it has been served with a “Wells Notice” in connection with its dollar-pegged stablecoin. These allegations...
CZ tackles Paxos, BUSD issues; Circle denies getting Wells notice from SEC
Ad The biggest news in the cryptoverse for Feb. 14 saw Binance CEO Changpeng Zhao address various issues related to Paxos and the BUSD stablecoin. Meanwhile, Circle denied that the U.S. SEC has served...
Circle denies that SEC sent any Wells notice
Ad Circle, which issues the USDC stablecoin, has denied that it has received a Wells notice. That denial was recorded in a tweet by CSO Dante Disparte on Feb. 14. Disparte wrote: “Circle has not recei...
Paxos Ready To “Vigorously Litigate” Over SEC’s Wells Notice
Paxos Trust Company, the entity issuing Binance USD (BUSD) stablecoin, has stated that it is prepared to “vigorously litigate” against the SEC over the regulatory body’s Wells Notice. The BUSD issuin...
Bear Market Is Over in Stocks, Wells Fargo’s Chris Harvey Says
(Bloomberg) — The bear market that wiped out as much as $12 trillion in US equity values is over, according to Chris Harvey at Wells Fargo & Co. Most Read from Bloomberg The head of equity s...
Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD – Bitcoin News
According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission (...
Paxos Trust Co. gets Wells notice from SEC over BUSD token
It happens to be the Securities and Exchange Commission (SEC) that has duly informed the crypto company, Paxos Trust Co., which happens to be a crypto firm, that it is contemplating suing the company....
Wells Fargo didn’t act after an L.A. executive was raped by her boss, lawsuit alleges
A former Wells Fargo senior vice president has sued the bank, accusing it of inaction and retaliation after her complaints of sexual misconduct by a higher-ranking employee. (Mark Lennihan / Associate...
Wells Fargo sees a 50% upside
Spotify Technology SA (NYSE: SPOT) is trading up on Monday after a Wells Fargo analyst turned super bullish on the audio streaming giant that he said was now “off margin probation”. Spotify stock coul...
Wells Fargo Suggests 2 Stocks for Investors Seeking Shelter
Investors seem to have greeted the new year with a sense of optimism. The general direction has so far been up; after all, things can’t really get much worse than they were in 2022, can they? Well, no...
In West Texas, Water Is Scarce For Fracking, Expensive For Recycling, Cheap For Disposal Wells, And It Causes M5 Earthquakes.
Permian oil pump jacks in Eddy County, New Mexico. AFP via Getty Images The Permian basin of West Texas and New Mexico is desert for the most part. The desert is called the Chihuahuan but is not raw d...
Bank earnings are in. Wells Fargo, Morgan Stanley still our favorites
With all the major investment and money center banks having now reported fiscal fourth-quarter earnings, we compiled the results to compare how our Club holdings, Wells Fargo (WFC) and Morgan Stanley ...
Wells Fargo gives a bullish endorsement to beleaguered Disney
Wells Fargo on Tuesday said it expects Walt Disney (DIS) to “come out swinging” when the entertainment conglomerate reports fiscal first-quarter results early next month. At the Club, we&#...
JP Morgan, Wells Fargo, BofA New Wallet Offer Crypto Payments?
Crypto Payments Wallet News: Banking giants, including Wall Street biggies Wells Fargo, Bank of America and JPMorgan Chase are preparing to launch a new payments wallet. The wallet is seen as the bank...