A Look Back: Facebook Still HATES NASDAQ, Wells Fargo DODGES Dodds-Frank
Six weeks after the Legendary Facebook (NASDAQ:FB) IPO, relations between the company and NASDAQ (NASDAQ:NDAQ) are still strained, as the latter became the entity of choice to be blamed for all that went awry. Executives at FB have not stopped holding the exchange responsible for the IPO’s trade-execution problems, say sources to The New York Times, and some accounts have it that FB might yet switch to the New York Stock Exchange (NYSE:NYX). NASDAQ CEO Robert Greifeld assured participants in a conference call that the execution errors didn’t affect the share prices, but that doesn’t seem to fix things.
Dod-Frank might have forced reductions on certain fees that banks charge, but many of the companies, including Wells Fargo (NYSE:WFC), are now adding fees where they are allowed. WF intends to initiate a $5 per month charge on checking accounts that do not maintain a balance of $1.500, or otherwise make the bank cast a disapproving eye.
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