WellsFargo

Wells Fargo Makes Bold Tech Move with Biggest Talent Boost in 20 Years! 🚀👨‍💻

Big news from the traditional finance world! Wells Fargo is diving deeper into the tech space with its largest talent investment in two decades. Over the past year, their Tech Banking team has grown by 20% – a clear sign they’re betting big on the future of software, fintech, e-commerce, and semiconductors! 💻📈

With 60+ bankers now focused on tech deals, led by Dzung Nguyen, Matt Servatius & Jim Bryski, the bank is stepping up its game to compete in a fast-moving digital world. And it doesn’t stop there…

Bridget Engle has been appointed as the new Head of Technology, while Tracy Kerrins will lead a new Generative AI team to drive innovation across the board. 🤖✨

Traditional finance catching up with Web3? Let’s see how this plays out!

#Fintech #WellsFargo #TechBanking #AI #Innovation

$BTC
🚀 The U.S. opens banking doors to Bitcoin! 🏦💰

The Office of the Comptroller of the Currency (OCC) has removed the concept of “risk” from its banking inspection manual. This measure allows banks like #JPMorgan , #BankofAmerica , and #WellsFargo to provide financial services to Bitcoin companies and other digital assets without additional restrictions.

📌 Key points:
✔️ Cryptocurrencies will have greater access to the banking system.
✔️ The OCC will evaluate banks based on concrete financial risks, not subjective perceptions.
✔️ This decision leaves behind the policy of financial exclusion towards companies in the crypto sector.

This regulatory change aligns with initiatives from Congress and the Federal Reserve to reform banking supervision in the U.S. 📊

#CryptoNews

😱 The parent company of USDT achieved a net profit of 13 billion dollars in 2024, with only 100 employees.

In contrast, the profits and employee numbers of traditional financial giants seem much less impressive.

Here are the net profits and current employees for 2024:
• #BlackRock⁩ : Net profit of 6.4 billion dollars, 19,800 employees.

• #DeutscheBank: Net profit of 3.5 billion dollars, approximately 90,130 employees.

• PNC Bank: Net profit of 6 billion dollars, approximately 60,000 employees.

• U.S.Bancorp: Net profit of 5.5 billion dollars, over 70,000 employees.

• #Truist : Net profit of 5.3 billion dollars, 50,832 employees.

• #GoldmanSachs: Net profit of 14.3 billion dollars, 45,300 employees.

• #WellsFargo : Net profit of 19.7 billion dollars, 226,000 employees.

• #BankOfAmerica : Net profit of 25.5 billion dollars, 213,000 employees.

• #JPMorganChase : Net profit of 58.5 billion dollars, 317,233 employees.

$USDT Tether company is really making a lot of money; the key is that it operates steadily, with an average output value of 130 million per employee last year. I wonder how much their salaries and bonuses are?

Friends who know the industry are welcome to leave comments and discuss!