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...Wells Fargo last month said it was setting aside $1bn for severance costs in the fourth quarter....
...Wells Fargo and Wilmington Savings Fund Society are named in the suit having allegedly provided administration services to FCI. They have been contacted for comment. How big a deal might all this be?...
...That list included US banks JPMorgan Chase, Goldman Sachs and Wells Fargo as well as investment manager Invesco, but none were included in the final list of 10....
...And here’s what I’m keeping tabs on today and over the weekend: Results: Several large US banks report annual results today, including Citigroup, JPMorgan Chase, Wells Fargo and Bank of America....
...(FT) Allen & Overy rolls out AI contract negotiation tool in challenge to legal industry (FT) Wells Fargo branch workers vote to form union in a first for major US bank (FT) Barclays agrees deal to stay...
...mergers in the 80s-90s when regulators relaxed rules about banking across state lines....
...JPMorgan Chase, Bank of America, Wells Fargo, and others, next year plan to launch Paze: a mobile wallet that will connect directly to the credit and debit card accounts of 150mn customers....
...It’s meant that for years Citi’s been lagging behind its peers like Wells Fargo and JPMorgan Chase in things like their stock price performance. Here’s the FT’s US banking editor, Joshua Franklin....
...Wells Fargo has hired Citigroup’s Clayton Hale as co-head of equity capital markets alongside Jill Ford, who joined the bank earlier this month from Credit Suisse. Hale will join in New York....
...by increasing the VAT registration threshold from £85,000 to £90,000 from April 1st — the first increase in 7 years....
...Profits at rival Citibank were up 2 per cent to $3.5bn while at Wells Fargo they rose 60 per cent to $5.8bn. BlackRock, the world’s biggest asset manager, reported profits up 13 per cent to $1.6bn....
...Unlike private credit funds with locked-up capital, policyholders of life insurance products can withdraw their assets, creating the conditions for a “run on the bank” if loss rates were to rise in private...
...Wells Fargo chief executive Charlie Scharf last week told analysts and investors that the bank, which has $142bn in commercial real estate loans outstanding, is managing its exposure to the area....
...The four biggest US banks — JPMorgan, Citigroup, Wells Fargo and Bank of America — lost $52.4bn of market value in Thursday trading....
...€5mn in embezzled funds from Forry....
...From HSBC and Barclays to US lenders such as Wells Fargo and Bank of New York Mellon, Paris has turned into a landing point for more senior investment bankers....
...BlackRock, Wells Fargo, Bank of America and State Street were also excluded from doing business with the state, Oklahoma said....
...This is likely to provoke scrutiny from Washington bank regulators. Additionally, chief executive Gregory Becker had a pretty well-timed stock sale last month....
...Citibank, Bank of America, Wachovia and Washington Mutual all failed in 2008 (three were bailed out and one was seized and sold) because managers fatally misunderstood mortgage risk....
...A revolving credit facility and term loan covering a portion of the debt is being led by RBC Capital Markets, Wells Fargo and SMBC....
...The day ahead Bank earnings Thanks to interest rate rises, analysts estimate JPMorgan Chase, Bank of America, Citigroup and Wells Fargo will report collective net interest income for the final three months...
...The National Association of Home Builders/Wells Fargo housing-market index, which measures building confidence, is due this morning....
...Joanna KaoSilicon Valley Bank may not be as well-known as other commercial banks, but it’s hard to overstate its importance....
...The Bank of Japan on Monday made an unexpected change in how it controls its government bond market by allowing long-term yields to fluctuate from about minus 0.5 per cent to 0.5 per cent, from minus 0.25...
...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...
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