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Wells Fargo To Settle Navajo Nation Lawsuit For $6.5M

PYMNTS

The Navajo Nation announced that it has settled its lawsuit against Wells Fargo & Co for $6.5 The Navajo Nation sued Wells Fargo in federal and tribal courts in 2017, claiming it targeted tribal members with “predatory sales tactics.” shareholder derivative lawsuit.

National 108
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Bitcoin Daily: Alabama Works On ‘Operation Cryptosweep,’ Venezuelan Banks Ordered To Accept ‘Petro’ Crypto

PYMNTS

In other news, the Alabama Securities Commission (ASC) is working on “Operation Cryptosweep” with the North American Securities Administrators Association, AL.com reported. The news comes as Venezuela now considers both Petro and the “sovereign Bolivar” to be official national currencies.

Alabama 100
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The Lehman Trilogy review – Sam Mendes’ banking saga returns with dividends

TheGuardian

Gillian Lynne theatre, London Hadley Fraser, Nigel Lindsay and Michael Balogun are astonishing as the 18th-century bankers who helped to define the American dream The Lehman Trilogy premiered in Europe just five years after the eponymous bank’s collapse and then arrived at London’s National Theatre a decade on from the financial earthquake of 2008.

Alabama 89
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United in Alabama to enter new market with bank acquisition

American Banker

The company will pay $29 million for Town-Country National Bank in Camden, Ala., which will operate as its own subsidiary after the deal closes. ]].

Alabama 65
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Walmart Tests Digitally Enhanced Stores

PYMNTS

Walmart has started trialing new digital services in its Mobile County, Alabama supercenter, including ModiFace , a new device that enables customers to digitally test makeup. “This is one of the first stores of its kind in the nation, and we’re thrilled it’s right here in Mobile,” said Wimsatt. .

Alabama 104
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Experts: US House Examines Legislative Actions To Combat Cybercriminals

PYMNTS

They spoke before the Subcommittee on National Security, International Development, and Monetary Policy Tuesday. In addition, National Cyber Security Alliance Executive Director Kelvin Coleman said in his testimony that Congress “should consider making game-changing investments in cybersecurity awareness and education.”

US 227
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Small bank's asset sale is opportunity zone's gain

American Banker

To avoid taxes on the divestiture of a commercial lending unit, Woodforest National Bank backed an Alabama redevelopment project through a government program that promotes investment in underserved communities.

Alabama 60