On Wednesday, Shares of Wells Fargo & Company (NYSE:WFC), gained 0.90% to $57.21, hitting its highest level.
Wells Fargo Securities, the capital markets and investment banking business of Wells Fargo & Company (WFC), declared that Anish Lohokare has joined the firm as a director and senior research analyst in Structured Products Research.
Based in New York, Lohokare will cover Residential Mortgage Backed Securities (RMBS), develop strategies, publish research and generate investment ideas for institutional investors with a focus on prepayment analysis and pass-through strategies. Lohokare reports to Greg Reiter, head of Residential Mortgage Research, with oversight by Marielle Jan de Beur, head of Structured Products Research, at Wells Fargo Securities.
“Anish brings noteworthy expertise to his role with 11 years of agency RMBS and rates experience from the sell-side and both Fannie Mae and Freddie Mac,” said Diane Schumaker-Krieg, global head of Research, Economics & Strategy at Wells Fargo Securities.
Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, in addition to time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards.
Finally, Visa Inc. (NYSE:V), ended its last trade with 2.47% gain, and closed at $69.63.
On June 3, Visa Inc. and FireEye, Inc. (FEYE), declared their intention to co-develop tools and services to assist merchants and issuers protect against advanced cyber attacks targeting payment data. The first of its kind Visa and FireEye Community Threat Intelligence (CTI) offering will bring together threat information from both companies, allowing merchants and issuers to quickly detect and respond to attacks against their IT and payment infrastructure. Under the offering, FireEye will operate the easy-to-use web based service to enhance stakeholders’ knowledge of attacks targeting the ecosystem, providing a noteworthy improvement over current industry practices of sharing threat intelligence via e-mail or static documents.
As planned partners, FireEye and Visa initially plan to offer tools that will provide greater cyber intelligence and improved threat monitoring and will continue to work together, together with FireEye’s cyber forensics group Mandiant, to add more capabilities tailored to issuers and merchants of all sizes.
Many data compromises have similar attack patterns reinforcing the importance of collective knowledge sharing to assist merchants prepare and monitor for known threats. Improved monitoring of malicious attacks and suspicious payment activity will assist in alerting merchants of potential compromises. Identifying these data compromises earlier means fewer stolen accounts and greater protection for their customers.
Visa Inc., a payments technology company, operates as a retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.
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