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Currently Browsing: Results for Tag "banks"

What is the blockchain, and is it really about to change the world?

What is the blockchain, and is it really about to change the world? The blockchain is more properly called a distributed ledger, basically a way of securely and transparently storing information, and performing pre-programmed operations on that information.By far the most famous implementation of a distributed ledger is the transaction and tracking procedures for Bitcoin.

Wells Fargo faces $185 million fine for massive fraud and theft scheme, 5,300 employees fired

Wells Fargo faces $185 million fine for massive fraud and theft scheme, 5,300 employees fired For the past five years, thousands of Wells Fargo employees collectively participated in a scam to systemically defraud and abuse its customers.The problems at Wells Fargo are tied to a company culture that values cross-selling products across the entire range of services that the bank offers.