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#wells fargo
3 articles found
Latest
NVIDIA Leads the AI Chips Market: Who Are Its Main Competitors
NVIDIA is the absolute leader in the production of artificial intelligence chips. Based on estimates from Wells Fargo, a 98% share in the data center GPU (Graphics Processing Unit) market belongs to the company. In March 2024, NVIDIA hit a $2 trillion valuation becoming the third most valuable company in the world.
SEC shifts focus: Conventional companies back in the spotlight
The U.S. Securities and Exchange Commission (SEC) has leveled charges against 11 Wall Street companies, alleging violations in the handling and retention of electronic communications. The cumulative fines have reached $289 million, with Wells Fargo and its subsidiaries contributing the largest amount of $125 million.These companies are now obligated to seek the expertise of independent consultants for policy checks.
Wells Fargo to Pay Off a Hefty Sum
The American banks are seemingly on a losing streak. While the Silvergate, Signature, and the Silicon Valley Bank collapsed in March, Wells Fargo is ready to pay $1 billion to settle a customer mistreatment case.
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