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...
...Neither the monster national players (JPMorgan Chase, Bank of America, Wells Fargo, Citigroup) nor the regionals (PNC, M&T, et al) have had much to say about the economy’s effect on credit quality....
...Earnings at JPMorgan Chase, Bank of America, Wells Fargo and Citigroup were up 23 per cent. By contrast profits at all other institutions dropped by an average 19 per cent in the quarter....
...The tests showed that all of the banks tested, including Bank of America, Citigroup, State Street and Wells Fargo, would meet minimum capital requirements despite projected losses of $541bn....
...It is a weekend well-worth the 2h drive from town — if you’re lucky enough to score tickets....
...Here are the 30-day card delinquency rates for Bank of America, JPMorgan and Wells Fargo (Citi has an annoying comparability issue with its historical data so we left it out) the past five first quarters...
...It includes a lavish townhouse in Belgravia, London, purchased for £13.75mn in 2013, as well as a home and livery yard in Stratford-upon-Avon....
...Capital One, Citigroup, Wells Fargo, Synchrony Financial and Santander You’ve built out a system to manage fraud risk, do you want to do credit risk as well?...
...For S&N it all boils down to 2020 adjusted trading profit of $1,218bn to US$1.241bn versus a consensus of $1.243bn, so hardly a warning at all....
...Citigroup delivered stronger than expected revenue growth, driven by consumer banking and fixed-income trading, while overhead costs dragged down revenue at Wells Fargo....
...(LA Times) Fourth-quarter earnings season looms A trio of big banks kick off the fourth-quarter earnings season in the US on Tuesday....
...a character asks at a critical juncture. (Incidentally, for my money, Cronenberg’s scuffed aesthetic has dated at least a little better than the gleaming postmodernism of Neo and Trinity et al.)...
...Saudi Aramco has hired Wells Fargo banker Robert Fernandez to manage its relationship with banks after the oil company completed the world’s biggest share sale....
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...Q3 bank earnings. JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo kicked off earnings season on Tuesday....
...Recent medical literature suggests that severe manifestations of COVID19 may be due to tissue damage caused by severe immune dysregulation (Li H, et al; The Lancet; April 2020)....
...The consensus is that the 18 banks under scrutiny are largely well-capitalised and should pass the first part of the two-step process, which is overseen by the Federal Reserve....
...And in Oregon, home care workers are no longer subject to such clauses. That's a relief for not only these employees, but the states' economies as well....
...Addison Lee, the mini cab company that was bought by Carlyle just months before Uber et al made it on to the scene....
...Lynch, Morgan Stanley and Wells Fargo Securities on financials; Wachtell, Lipton, Rosen & Katz and Latham & Watkins on the legal; Joele Frank on PR)....
...Picaud will be replaced at Essilor by Hilary Halper, who joined the company only a year ago as head of M&A after previous stints at GlaxoSmithKline, Wells Fargo and Deutsche Bank....
...For a company like Rural that is traded on a major exchange, ―[t]urnover measured by average weekly trading of . . . 1% would justify a substantial presumption‖ of market efficiency. 5 Bromberg et al., Bromberg...
...(Reuters) - The escalating role of central banks in EM currency. (Wall Street Journal) - Goldman et al should be forced to incur losses on mistaken trades, says Myron Scholes....
...Ain’t nutt’n iambic bout dis....
...Masterpieces of Chinese Painting: 700-1900, edited by Zhang Hongxing, V&A Publishing, RRP£40/$60 The world’s oldest painting tradition explored in the glorious catalogue to the V&A’s current, once-in-a-lifetime...
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