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  1. Wells Fargo to launch proprietary digital currency

    Decrypt via Yahoo FinanceSep 20 16:57 PM

    "It tokenizes fiat currency, and moves it on an internal distributed ledger-based rail," a Wells Fargo spokesman told Decrypt. The bank says it has already successfully—and cheaply—deployed ...

  2. Banking giant Wells Fargo says its blockchain for internal cross-border money transfers is faster and more efficient than SWIFT, the global messaging system used by over 11,000 financial ...

  3. Permian ‘Child’ Wells May Cut Oil Recovery By 20%, Bank Says

    Bloomberg via Yahoo FinanceSep 20 14:08 PM

    The analysis from Houston-based investment bank Tudor, Pickering, Holt & Co. -- contained in a 61-page presentation seen by Bloomberg -- is the latest salvo in the debate on the spacing of so-called ...

  4. -based financial giant Wells Fargo is developing a U.S. dollar-linked stablecoin that will run on the firm’s first blockchain platform. Dubbed Wells Fargo Digital Cash, the tokenized ...

  5. Wells Fargo tests cryptocurrency for internal transactions

    Reuters via Yahoo FinanceSep 17 19:05 PM

    The currency, called Wells Fargo Digital Cash, will be linked to the U.S. dollar and transferred using the bank's distributed ledger technology to keep track of payments within its internal ...

  6. Tom Steyer Invests in Companies He Says Are Part of the Problem

    Bloomberg via Yahoo FinanceSep 20 19:56 PM

    Appearing at an MSNBC Climate Forum on Friday, Steyer -- who has made the environment a centerpiece of his 2020 presidential campaign -- was asked whether he had completely liquidated his holdings ...

  7. Oil Rises At End Of Wild Week

    Oilprice.com via Yahoo FinanceSep 20 19:00 PM

    There are still question marks over Saudi Arabia’s ability to repair Abqaiq on as quick a schedule as it claims and Washington and Riyadh are considering their next steps following the attack ...

  8. Hence, banking stocks are expected to record lower margins at the end of the current quarter However, the central bank acknowledged U.S. household spending to be strong amid robust job market ...

  9. Notably, after Wells Fargo & Company’s WFC fake account scandal came to light, the Office of the Comptroller of the Currency (“OCC”) already investigated more than 40 banks, including ...

  10. Wells Fargo has no plans to connect its DLT network with any other digital cash solutions in the financial services markets. The company is said to have successfully tested the concept ...

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