Wells Fargo & Co. on Friday reported a 31 percent decline in third-quarter profit as the bank racked up costs related to a fake accounts scandal and boosted its loan loss reserves in preparation for a potential slowdown. The bank posted $2 billion in operating losses related to litigation, customer remediation, and regulatory matters associated…
Wells Fargo Profit Falls on Sales Scandal Costs, Higher Reserves
October 14, 2022
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HSBC and Wells Fargo Use Blockchain to Settle Forex Trades
December 13, 2021
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LONDON—HSBC and Wells Fargo have begun using a blockchain platform to settle bilateral foreign currency (FX) trades in the latest sign of how technology which underpins crypto assets is spreading to more mainstream activities. Baton Systems, the company behind the Core-FX distributed ledger technology, or DLT, said on Monday the two banks are using the…
Minnesota Man Charged in Killing of Couple at Fargo Factory
FARGO, N.D.—A 35-year-old man with a long criminal record was charged Thursday with three counts of murder in the shooting deaths at a Fargo factory of a man and a woman who was eight months pregnant. Anthony Reese Jr., of Moorhead, Minnesota, is charged with killing 43-year-old Richard Pittman, 32-year-old April Carbone, and her unborn…
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