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Morning Scan: Wells Fargo Named Primary Dealer; Asia's Malware Woes

by
APR 19, 2016 9:13am ET

Receiving Wide Coverage ... Wells Fargo Becomes Primary Dealer: The Federal Reserve Bank of New York has added Wells Fargo Securities as a primary dealer for the U.S. government bond market. As a primary dealer, Wells Fargo will trade directly with the New York Fed and underwrite U.S. government debt sales. It’s a rare move: There are only 23 primary dealers and the last time the Fed added a primary dealer was in February 2014 when…

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