Hints and tips:
...JPMorgan kicked off the US bank earnings season alongside Morgan Stanley, Citigroup and Wells Fargo....
...The pullback from Wall Street banks shouldn’t come as much of a surprise....
...“You can’t just keep writing Libor loans into December,” said Brian Grabenstein, head of the Libor transition office at Wells Fargo....
...Still, the process was a long way from the “bare knuckle brawl” that characterised past succession battles, said Mike Mayo, banking analyst at Wells Fargo. “This is a far cry from those days....
...As a simple, low risk, UK focused bank we are committed and well positioned to help Britain prosper.”...
...The stock fell 0.37 per cent to $48.54, extending the 2.4 per cent drop from Friday after banking watchdogs said Wells Fargo staff secretly opened millions of accounts without customers’ knowledge....
...JPMorgan plays its traditional role of opening the earnings season today, followed on Thursday by Wells Fargo, Bank of America and on Friday by Citigroup ....
...(Financial Times) Bad loan writedowns soar at China banks: In the latest indication of the turbulence now buffeting China’s financial system, the five biggest Chinese banks, which account for more than...
...Stuart Freeman, chief equity strategist at Wells Fargo Advisors, said: “We do continue to carry a projection of 1,400 to 1,450 for the S&P 500 for year-end 2012....
...More than $4bn in bulk cash was also transported from Mexican banks to Wachovia accounts....
...Rival Baker Hughes fell 1.4 per cent to $43.11 as Wells Fargo analysts removed their “buy” equivalent recommendation....
...“Ultimately this is a resource grab,” said David Tameron at Wells Fargo Securities....
...Upside surprises have included Wells Fargo, the second-biggest US home lender, and JPMorgan among the banks, and Ford and Apple among the corporates....
...Upside surprises have included Wells Fargo, the second-biggest US home lender, and JP Morgan among the banks, and Ford and Apple among the corporates....
...It is from here that we were attacked on 9/11, and it is from here that new attacks are being plotted as I speak. This is no idle danger; no hypothetical threat....
...Large banks, such as Citigroup, JPMorgan Chase, Bank of America and Wells Fargo also have large portfolios of home equity loans but their large balance sheets are likely to cushion the blow from any losses...
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