Hints and tips:
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...Wells Fargo’s bank analyst Mike Mayo has a well-deserved (if not entirely unblemished) reputation for being an unusually acerbic member of the “great quarter guys!” industry....
...Real estate financing has traditionally been dominated by banks such as Barclays, Lloyds and NatWest in the UK, and investment banks including JPMorgan, Morgan Stanley and Wells Fargo in the US, according...
...Wells Fargo has hired Derek Van Zandt from Citigroup to lead media and telecommunications banking, Bloomberg reported....
...He will join the panel on a two-year secondment from the bank beginning in May. Wells Fargo has named Doug Braunstein as a vice-chair....
...Along with his elder brothers Edmond and Moise, Joseph followed his father to Brazil....
...Wells Fargo has partnered with asset manager Centerbridge to launch a $5bn private credit fund that will lend to midsized US companies, as banks race to find a toehold in the rapidly growing private credit...
...It was Raymond Baer, the bank’s chair (and scion of its founding family) who called him a few weeks later, at the end of the year, and told him he should put his name in the hat to be the bank’s next chief...
...Fiona Gallagher, Dublin-based head of Wells Fargo International, is among the most visible, through her role as chair of the Federation of International Banks in Ireland, an industry group....
...Ganieva’s monthly bank statements showed a payment from “E Trust”, with no further identification of the sender....
...Zahawi was born in 1967 into an influential Kurdish family. One grandfather had been governor of the central bank, his signature appearing on Iraq’s banknotes....
...The US president announced last month he intends to appoint Saule Omarova as comptroller of the currency, which supervises national banks including Bank of America and Wells Fargo....
...He has served on Christmas Eve, at a client’s request, taking the papers to a family dinner. (“Everyone involved was there; very awkward.”)...
...It’s like a family wedding where there’s been a tremendous row, and they can no longer be polite to the guests....
...For example, California-based investment manager Research Affiliates last year found that, with the exception of environmental scores, two rating providers assessed every dimension of Wells Fargo’s ESG performance...
...US bank earnings Bank of America, Wells Fargo and Citigroup follow Wall Street rivals JPMorgan Chase and Goldman Sachs and will report second-quarter earnings today....
...The way Hohn sees it, CN should drop any mention of voting trusts from its takeover bid or walk away from the deal entirely....
...Many people trust them more than they trust central bankers. Cryptocurrencies are increasingly popular, and volatile, often fluctuating by more than 5 per cent a day....
...The largest is a $100m loan on Trump Tower, at 725 Fifth Avenue, which accounts for just over 10 per cent of a 2012 deal packaged by Wells Fargo....
...He said he expected dividend payments to largely be flat overall this year, and a dividend cut is already factored into Wells Fargo’s share price....
...Among the big US banks, only crisis-plagued Wells Fargo had a worse share price performance than Citi in 2020....
...In the US, $9.5bn of credit charges — including loan loss provisions — pushed Wells Fargo to a $2.4bn loss, while profit fell more than 50 per cent at Citi, Bank of America and JPMorgan....
...Bank of England governor Andrew Bailey maps a depression that is “V-shaped”. OECD secretary-general Ángel Gurría thinks the valley is “more like a U”....
...This Time Shoreditch Town Hall, London There can be few purer examples of trust and risk than a trapeze act....
...Younger generations agree that these values — passed on via family stories and life lessons — are more important than receiving money from their parents, according to a Wells Fargo Private Bank survey of...
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