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The Latest Breaking News from Wells

NFT Project CyberKongz Says SEC Issued Wells Notice As Gensler Prepares For Exit

NFT gaming platform CyberKongz said Monday that it received a Wells notice from the SEC and has been "suffering" for the past two years after it was first approached by the regulator.

International Business Times

Most US Voters Agree SEC Should Wait For Congressional Crypto Guidelines Before Enforcement: Poll

A new poll commissioned by the Blockchain Association has revealed critical details about the perceptions of American voters regarding the Gary Gensler SEC's enforcement-first approach toward digital assets.

International Business Times

The Climate Crisis Is Driving Bankers to Quit Their Jobs in Disillusionment

Wells Fargo and others pledged to achieve net-zero and invest in sustainable financing. Instead, they kept funding fossil fuels.

Capital & Main

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Stock Market Rallies As S&P 500, Dow Hit Highs; Tesla Robotaxi Isn't Hailed, Delta, JPMorgan In Focus: Weekly Review

The stock market had a key week, as the S&P 500 and Dow hit record highs. The Tesla robotaxi failed to wow, but many leaders broke out.

Investors Business Daily

'No Other Choice': Crypto.com Sues SEC After Receiving Wells Notice

Crypto.com is taking the SEC to court after the crypto exchange received a Wells notice, joining the expanding list of crypto-related firms that have been threatened with enforcement action for their services and offerings.

International Business Times

No, NFTs Should Not Be Labeled Securities

Let's not penalize these artists by labeling NFTs as securities.

Kiplinger

'Dazed And Confused': Key Takeaways From Congress Hearing On SEC's 'Politicized' Approach To Crypto

The Digital Assets Subcommittee of the House Financial Services Committee held a hearing Wednesday to discuss with stakeholders how the SEC has been handling crypto regulation, and many lawmakers expressed concern over the regulator's regulatory approach.

International Business Times

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Newly freed from federal restrictions, Wells Fargo agrees to shore up crime risk detection

Wells Fargo has agreed to work with U.S. bank regulators to shore up its financial crimes risk management, including internal controls related to suspicious activity and money laundering

The Independent UK

60-Year-Old Wells Fargo Worker Died At Her Desk And Was Found Four Days Later By Colleagues Due To Foul Odor

A Wells Fargo employee was found dead at her desk four days after her death, sparking criticism of the company's treatment of its employees.

International Business Times UK

'Uncharted Territory': Mixed Reactions After OpenSea CEO Reveals SEC Wells Notice

OpenSea's Devin Finzer said the NFT marketplace received a Wells notice from the SEC, and while many are defending the platform, others said OpenSea brought it upon itself.

International Business Times

With recession looming Wells Fargo sees a small bank in Puerto Rico and two other ‘places to hide’ from stock market fall-out

As the S&P 500 fell 6.5% in five days a new Wells Fargo report says a couple regional banks, trust banks and an unusual play in Puerto Rico could withstand a full-blow recession

Fortune

Stock Market Shifts Toward Small Caps After Tame CPI; JPMorgan, Taiwan Semi, Tesla In Focus: Weekly Review

Small caps and much of the market soared on tame CPI inflation data, while the extended Nasdaq sold off.

Investors Business Daily

JPMorgan Beats Views, Wells Fargo Falls On Forecast, Citi Eases

Dow giant JPMorgan rolled out bank earnings Friday, along with Wells Fargo and Citigroup. JPM stock, Citi fall from buy zones.

Investors Business Daily

SEC drops key stablecoin investigation into Paxos in win for crypto industry

The Gary Gensler-led agency issued a Wells notice against Paxos in Feb. 2023, indicating an active investigation and possible enforcement action.

Fortune

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The Street

Cathie Wood sells $11 million of soaring fintech stock

Her Ark Innovation ETF has slid 16% year to date.

Fortune

One of Wall Street’s top strategists sees stocks dropping 10% due to a ‘moderate form of stagflation’

Stifel's Barry Bannister fears sticky inflation and higher rates will hurt stocks, while Wells Fargo's Scott Wren ponders if investors should "sell in May and go away."

International Business Times

Billionaire Mark Cuban Blasts SEC For 'One Size Fits All' Approach To Crypto Sector

Cuban has criticized the SEC for pushing its "one size fits all" regulatory approach for the cryptocurrency industry, saying the regulator didn't pick up any lessons from the collapse of early crypto exchange Mt. Gox.

International Business Times

Cardano Creator Says Biden Administration Seeks To 'Kill Crypto' Amid SEC Bulletin Drama

Charles Hoskinson called the Biden administration's latest statement regarding a House resolution that repeals the highly-debated SAB 121 of the SEC as "garbage."

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International Business Times

Embattled Robinhood Reports Staggering 224% Spike In Q1 Crypto Notional Trading Volume

Robinhood has just unveiled its Q1 2024 earnings, highlighting how its embattled cryptocurrency unit played a major role in the fintech giant's overall profits during the first quarter.

International Business Times

'Scare Tactic': Lawmaker, Lawyer, Crypto Users Cry Foul Over SEC Robinhood Wells Notice

The crypto space is outraged over the SEC's seeming "abuse" of the Wells process as the regulator issued a Wells Notice to Robinhood's crypto arm just weeks after Uniswap received a notice.

Top News

Robinhood Crypto Receives Wells Notice From US SEC

Robinhood Crypto faces potential SEC enforcement action over undisclosed concerns. The outcome could have significant implications for the fintech industry.

International Business Times

'Fighting For DeFi': Crypto Community Decries SEC Wells Notice On Uniswap

The crypto space is outraged with the Wells Notice the SEC delivered to Uniswap this week, with many saying they will support the DeFi firm in its legal battle against the crypto-hostile regulator.

The Street

Crypto Exchange Coinbase's Stock Falls

The Independent UK

Wells Fargo agrees to pay $1 billion to settle shareholders' class-action lawsuit

Wells Fargo has agreed to a pay $1 billion to settle a lawsuit filed by its shareholders

Fortune

JPMorgan clears the First Republic wreckage—and notches a $92 billion coup for investors who love the deal

Overnight, the nation's biggest bank added significant heft and stabilized the shaky outlook for regional banks.

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