WellsFargo

🔔 RECENTLY REPORTED:
🏦 Wells Fargo has been paying out fraud victims only after questions were raised by reporters,
📉 even in cases where customers lost between $4,000 and $40,000.

❗️This revelation raises questions about the responsibility of financial institutions to their customers in cases of fraud.

#WellsFargo 💰 #Fraus ⚠️ #Refundatio 🔄 #NuntiiCryptographici 📡 #Latina 🏛️

$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

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

U.S. Banks explore joint stablecoin initiative amid pending regulation

Several major U.S. banks, including #JPMorganChase , #BankofAmerica , #Citigroup , and #WellsFargo , are in early discussions to develop a joint #stablecoin project, according to a Wall Street Journal report. The move would be a direct challenge to the current dominance of crypto-native issuers #Circle and #Tether in the $245 billion #stablecoin market. The banks are reportedly exploring the effort through their affiliated payment companies, such as Early Warning Services and the Clearing House.

BTC
#Bitcoin2025 #TrumpMediaBitcoinTreasury $BTC
sem-sem
#JemsTheGreat % #WellsFargo lol
new liquidation area lol #Tramp

⚡️ NEW: $31.2 trillion in capital still has prohibited or restricted access to Bitcoin ETFs on major wealth platforms in the U.S., according to Tephra Digital.

Charles Schwab, Fidelity, and Wells Fargo offer unlimited access, while Vanguard completely prohibits investments in Bitcoin ETFs.

#etf #BTC #Fidelity #WellsFargo #EEUU $BTC

JUST IN: U.S. Banking Giants Eye Crypto Stablecoin Collaboration!
🇺🇸💰 JPMorgan, Bank of America, Wells Fargo & Citigroup team up on blockchain!

In a game-changing move, major U.S. banks—including JPMorgan, Bank of America, Citigroup, and Wells Fargo—are reportedly exploring the launch of a joint stablecoin.

What’s Cooking? 🍲
These banks, through platforms like Zelle (Early Warning Services) and The Clearing House, are working on a USD-backed stablecoin that could revolutionize cross-border payments and digital finance.

Stable, Secure & Blockchain-Ready 🔗✅

Backed 1:1 with cash or U.S. Treasuries

Designed to speed up settlements and global transfers

Open to other banks, not just the big four

Why Now? 🕒
With growing crypto adoption and pro-crypto vibes from U.S. regulators, the timing couldn’t be better. Trump’s recent pro-crypto stance is also lighting a fire under institutional interest.

The Bigger Picture 🌍
This isn’t JPMorgan’s first dance—they’ve got JPM Coin, and Citigroup is cooking up Citi Token Services too. This potential joint stablecoin could be a major milestone in merging TradFi with DeFi.

Bullish or Bearish on Bank-backed stablecoins? 📈📉
Drop your thoughts in the comments!

#CryptoNews #Stablecoin #JPMorgan #Citibank #WellsFargo

Major U.S. banks consider creating joint stablecoin to counter cryptocurrency competition

Investing.com — Some of the largest banks in the United States, including JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), Citigroup, and Wells Fargo (NYSE:WFC), are holding preliminary discussions about issuing a joint stablecoin, according to the Wall Street Journal on Friday.

This move is seen as an attempt to counter the growing competition from the cryptocurrency industry.

#JPMorgan
#BankOfAmerica
#CitiGroup
#WellsFargo
#BinanceHODLerHAEDAL

😱 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!