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Wells Fargo issues fewer customer stats after fake account scam

Bloomberg Wells Fargo & Co. is no longer releasing the customer account figures it started disclosing after a scandal in September erupted over employees creating fake accounts to reach sales goals. Wells Fargo had been reporting 19 measures of client activity monthly, including the number of retail bank customers opening and closing checking accounts or applying for credit cards. Just ...

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Santander buys stakes in three startups

Bloomberg Banco Santander SA, Spain’s biggest lender, bought minority stakes in three financial-technology firms as Chairman Ana Botin makes machine learning a hallmark of her growth plan. Santander InnoVentures is investing in Pixoneye and Curve, both based in the U.K., and Gridspace, located in the U.S., according to a statement. Terms weren’t disclosed. The acquisitions bring the number of fintech ...

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Barclays in talks to extend Dublin EU base

Bloomberg Barclays Plc is in talks with Irish regulators to expand operations in Dublin as it activates plans to preserve access to European Union markets, as Brexit negotiations drag on with no financial-services deal in sight. CEOr Jes Staley and Helen Keelan, chairman of Barclays Bank Ireland, met country’s PM Leo Varadkar in Dublin. Barclays said that while it ‘remains ...

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