Investment Advices to Warren Buffett, Biggest Loser in Wells Fargo and Hillary Clinton
Warren Buffett loves giving advices. On investments, on honesty in business, on Bitcoin, that he called “mirage”. Well, definitely his Wells Fargo 10% stake is not a mirage, although he lost close to $1.5 bln in a matter of a few days, as a result of the Wells Fargo scam. He didn’t comment yet what he thinks of this biggest-ever financial identity theft done essentially to increase his profits. Honesty is our policy, almost. To meet their sales goals, the Wells Fargo’s employees have opened 2 million fake accounts for non-existent clients, while moving real customers’ money around to....
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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, the president of Wells Fargo Investment Institute, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, revealed his team’s crypto plans to the Insider in an interview published....
A major factor which played a part in the Wells Fargo scam was poor and non-transparent data management. Could implementation of the Blockchain have helped in preventing the occurrence of such fraudulent activities? Bank too big to manage. The unethical behaviour by Wells Fargo has generated a lot of reaction from both the legal and the financial institutions in recent weeks. Wells Fargo employees secretly created millions of unauthorized bank and credit card accounts without their customers knowing it. The illegal accounts earned the bank unwarranted fees and allowed Wells Fargo employees....
Wells Fargo is the next major banking and financial services provider to join the mix of offering crypto assets. The news comes after last week’s report that Swiss-based institution UBS Group AG was looking to make a similar move. Wells Fargo’s Change In Perspective Just a few years ago, Wells Fargo was banning credit card […]
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 titled “Understanding Cryptocurrency” this week. The report attempts to answer whether it is “too early or too....
On Monday, the U.S. bank Wells Fargo’s wholly-owned subsidiary and registered investment adviser the Wells Fargo Investment Institute published an investment strategy with a page dedicated to the crypto asset bitcoin. The institute’s contributing author and head of real asset strategy, John LaForge, compared crypto investing to the “early days of the 1850’s gold rush.” This week John LaForge from the American multinational financial services company Wells Fargo published an investment strategy editorial for the bank’s subsidiary the Wells Fargo....