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...Kristi Mitchem was poached by Bank of Montreal in January after serving less than three years as chief executive of Wells Fargo Asset Management....
...Wells Fargo is moving to replace chairman Steven Sanger in a boardroom shake-up as new allegations of malpractice hamper the US bank’s efforts to move on from the sham accounts scandal....
...JPMorgan and Wells Fargo lifted their respective lending rates on the increase. Meanwhile, Oracle saw profits drop, but its important cloud business grow....
...It revealed that customised separate accounts constituted 56 per cent of funds of hedge funds’ gross sales in 2012; commingled funds, once the industry’s bread and butter, accounted for just 30 per cent...
...Wells Fargo gained 0.4 per cent to $35.23, shrugging off reports that the US Department of Justice was suing the bank for more than $600m for alleged “reckless” lending practices....
...Wells Fargo , which reported record income during the first half-year thanks to strong performance of home mortgages, rose 0.9 per cent to $35.75....
...who has shaped the company’s strategy since Norwest bank merged with the struggling Wells Fargo a decade ago....
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