Wells Fargo – Page 2

Wells Fargo: Cryptocurrency Has Entered ‘Hyper-Adoption Phase’

Wells Fargo: Cryptocurrencies Are Viable Investments — Crypto Has Entered ‘Hyper-Adoption Phase’

Financial services firm Wells Fargo says that cryptocurrencies are viable investments that have entered the “hyper-adoption” phase. “Cryptocurrencies have been following an adoption pattern similar to other new advanced technologies, such as the internet,” the firm’s global investment team detailed. Crypto in Hyper-Adoption Phase, Says Wells Fargo Wells Fargo’s investment institute published a special report […]

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Crypto Biz: Wall Street is marketing Bitcoin for us, Feb. 3-9

Big banks continue to explore Bitcoin and cryptocurrency’s long-term value proposition after shunning the asset class for years.

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Global crypto adoption could ‘soon hit a hyper-inflection point’: Wells Fargo report

The firm’s global investment strategy team said it wasn’t too early to invest in crypto, but clearing regulatory roadblocks would likely create “higher quality investment options” in the future.

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Bacon Protocol launches decentralized mortgage platform

The platform gives crypto holders direct access to the mortgage investment market, which is currently controlled by banks and governments.

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Wells Fargo Starts Offering Crypto Investments to Clients

Wells Fargo, one of the largest wealth managers in the U.S., has reportedly started offering crypto investments to its wealth management clients. Wells Fargo Offers Crypto Exposure A spokesperson for American financial services company Wells Fargo reportedly confirmed to Business Insider Friday that the company has started offering cryptocurrency exposure to its wealth management clients. […]

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Bank of America, Citigroup, Wells Fargo Unveil Their Cryptocurrency Policies

Bank of America, Citigroup, and Wells Fargo have shared their policies regarding cryptocurrency before the U.S. Senate banking committee. The three banks are in different stages of offering crypto services to their clients. They also lag behind some of their peers, such as Morgan Stanley and Goldman Sachs, in offering access to investments with exposure […]

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Banks cautious about crypto ahead of COVID-19 testimony before US Senate

CEOs of major American banking institutions are heading to Washington to face legislators’ questions about how they will aid a post-pandemic economic recovery.

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Wells Fargo Gets Into Crypto With Upcoming ‘Professionally Managed’ Cryptocurrency Investment

Wells Fargo will soon offer “a professionally managed solution” for cryptocurrency to clients. “We think the cryptocurrency space has just kind of hit an evolution and maturation of its development that allows it now to be a viable investable asset,” said the president of Wells Fargo Investment Institute. Wells Fargo Getting Into Crypto Darrell Cronk, […]

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Wells Fargo Investment Institute to onboard crypto clients by next month

The investment bank is ready to give crypto a chance, after declaring that it had matured and evolved of late.

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Biggest Layoffs in US Banking History: Analyst Predicts Banks to Cut 200,000 Jobs

A Wells Fargo analyst has predicted the largest “reduction in U.S. bank headcount in history.” Banks are expected to cut 200,000 jobs as they strive to improve productivity and efficiency amid rising competition from fintech and non-bank financial institutions. US Banking Sector to Experience Biggest Headcount Reduction An analyst with Wells Fargo, Mike Mayo, has […]

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