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San Francisco-based crypto custody firm Anchorage, recently cleared as a bank, has raised $80 million in a Series C funding round, according to CoinDesk.The round was led by GIC, Singapores sovereign wealth fund. Andreessen Horowitz a16z , Blockchain Capital, Lux and Indico also took part, the report stated.Anchorage has been distinguished as the first crypto native firm to get a federal banking charter from the Office of the Comptroller of the Currency OCC .Anchorage President Diogo M贸nica said in a statement that the money will allow Anchorage to rapidly scale to meet the rising demand for participation in the digital asset space, particularly among corporations and traditional financial institutions, CoinDesk reported.In other ne stanley cup ws, the state of Wyoming has debuted a bill that would allow for a company filings system using blockchain technology, CoinDesk reported.The act would let the state implement the system, which would help companies with reports, data and other information that is legally required. It would also harn stanley kubek ess application programming interfaces APIs and provide security standards, which would work via authenticated digital identities.Meanwhile, U.K.-based pe stanley canada rsonal finance tool Money Dashboard has partnered with Zabo to let its 600,000 users view crypto holdings alongside their bank accounts and other financial products in the app, CoinDesk reported.Zabo is a Dallas-centered crypto software firm working to connect crypto wallets with bank accounts, the Dytj Dark Web Sites Knocked Offline By Massive Cyberattack
This year hasn ;t been the best for banking and financial services company Wells Fargo. Earlier this year, news broke that federal prosecutors were investigating the as many as 2 million sham customer accounts Wells Fargo admitted holding, which led to a $185 million fine levied on the banking giant.A few month stanley cup s, a new CEO聽and聽a meeting with Congress聽later, it has come to light that Wells Fargo employees may have signed up bank customers for partner Pruden stanley mug tial insurance policy without customer knowledge or permission. In some cases, Wells Fargo employees reportedly arranged for monthly premium fees to be withdrawn from customer accounts.Evidence in a聽wrongful termination lawsuit levied at Prudential by three whistleblowers suggests that Wells Fargo employees were encouraged to direct clients to sign up for the MyTerm insurance policy 鈥?employees received credit on quarterly sales quotas if they signed up new customers.Some Wells Fargo bankers even appear to have signed people up for MyTerm without telling them. A reported 15,000 MyTerm accounts were investigated. Bankers are alleged to have opened, closed and reopened MyTerm policies to bolster sales numbers.When investigators reviewed taped calls to Prudentials customer service line, said The New York Times, they found numerous instances of complaints launched from Wells Fargo customers about policies they did not remember buying.Report stanley website edly, a number of the customers in question didn ;t speak English. The l |
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