Hints and tips:
...Meeting with bank executives, inspecting seized arms from shipping containers, witnessing the destruction of North Korean weapons, that sort of thing....
...(FT) Tiger Global hit by $17bn losses in tech rout (FT) Sajjan Jindal’s JSW makes $7bn bid for Holcim’s India businesses (FT) Citi, BNY Mellon and Wells Fargo invest in crypto tech company (FT) Andy...
...Wells Fargo Sector: BANKS / HQ: SAN FRANCISCO, US Wells Fargo hoped for a fresh start after years of scandals when it appointed Charlie Scharf as chief executive in late 2019, but turnround efforts took...
...JPMorgan Chase has made more than 30 acquisitions in 2021, putting America’s biggest bank by assets on track for its largest buying spree in years....
...price boom (FT) Pandemic wipes £1bn from value of British Land’s properties (FT) Spire/Ramsay: a welcome discharge from the critical care ward (Lex) US bank chiefs express caution over cryptocurrency...
...Hedge funds were pulling their balances from Morgan Stanley at an alarming rate, funding markets seized up and the value of the bank’s trading assets plummeted....
...“When the market is going up your phone doesn’t ring a heck of a lot,” said Scott Wren, senior global market strategist for Wells Fargo Investment Institute in the US....
...Wells Fargo increased pressure on regulators to raise an asset cap imposed over the bank’s fake accounts scandal two years ago....
...Bank of Jinzhou said in an emailed statement that its “risks are controllable”. At Wells Fargo, the largest pure commercial bank in the US, deposits were 77 per cent of total liabilities last year....
...And, finally, we'll hear about Wells Fargo's latest embarrassing admissions in its fake account scandal....
...It now accounts for 15 per cent of total estimated Mafia turnover....
...of England could very well raise interest rates from 0.75 per cent to 1 per cent in May....
...Ms Warren, known as the “scourge of Wall Street”, last month castigated former Wells Fargo chief John Stumpf for his bank’s phantom accounts scandal....
...fair, shares of most of the big US banks also trade at or below their book values, with the notable exception of Wells Fargo....
...positions from within Russia....
...It raised $20m in its latest round of funding, where investors included Wells Fargo & Co and Mexican businessman Carlos Slim. 21....
...plans to buy $39bn of mortgage-servicing rights from Wells Fargo....
...(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...
...That motor has plenty of fuel: when, in 2011, the International Monetary Fund discovered a $32bn discrepancy in Angola’s national accounts, it said the bulk of the missing funds had flowed through Sonangol...
...SMBC and its partner Sumitomo competed with more than 30 bidders in the first round for RBS Aviation, including private equity funds and several banks, such as China Development Bank and Wells Fargo....
...Instead he likes Home Depot, a home improvement retailer, Sherwin Williams, a paint producer, and Wells Fargo, “the best run domestic bank in the US that is number one in the mortgage market”....
...Instead, within weeks he had seized control, controversially spending more than €160m of bank funds to persuade Central Hispano executives José Amusátegui and Angel Corcóstegui to go quietly....
...Ping An Insurance gained 3.3 per cent to HK$52.70 and Bank of China rose 5 per cent to HK$2.95. Elsewhere in the region, gains were more muted....
...He says: “There are not many investment programmes where you can pretty much bank the revenues in advance. Even so, we still have to manage it well in order to access those revenues.”...
...It enables bank customers to make phone-authorised transfers of funds, either to another bank account or to a retail outlet from where the recipient can collect the money....
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