Hints and tips:
...Of the Big Six banks, Citigroup, Goldman Sachs, Wells Fargo and Morgan Stanley are all expected to report a drop in their earnings per share this quarter. JPMorgan will be the exception....
...Funds filed suit, alleging monetary damages from leaks from Morgan Stanley in the run-up to share sales....
...Wells Fargo split the chairman and CEO role in 2016, following its fake account scandal....
...Job moves Betsy Duke, board chair and another longstanding board member of Wells Fargo, resigned on Monday ahead of this week’s hearings scrutinising the US bank’s 2016 fake accounts scandal....
...Further reading ● Wells Fargo to pay $3bn for fake-accounts scandal Intel is due to begin its fight against the 2009 EU antitrust ruling at Europe’s second-highest court on Tuesday....
...the prince’s WhatsApp account in May 2018....
...And, finally, we'll hear about Wells Fargo's latest embarrassing admissions in its fake account scandal....
...Some may well have been flowing via Hargreaves Lansdown, the FTSE 100 broker and fund investment platform....
...The closed end fund that well-known activist investor Mr Ackman took public in the UK in May has lost 1.7 per cent, net of fees, year-to-date....
...Dermot Smurfit, John Menzies chairman, said the group was “trading well”, with the company’s aviation division in particular going “from strength to strength”....
...For some 18 months, shares in the construction and support services group have been among hedge funds’ favourite choices for selling “short” – in the hope of profiting from a future price falls....
...According to the Guardian, several hedge funds had been shorting Tesco’s stock in recent weeks – evidently believing the supermarket was a long way from fixing the problems stemming from its accounting scandal...
...47.45 100 Oz Gold (Comex) unchanged 0.00 at 1,274 Copper (Comex) down -0.02 at 2.06 10-year government bond yields (%) US 1.87% UK 1.44% Germany 0.19% CDS (closing levels) Markit iTraxx SovX Western Europe...
...Tuesday 21:00 BST....
...Wednesday 21:00 BST....
...Listed hedge fund BlueCrest AllBlue is heading in the opposite direction though, with plans to withdraw from the market....
...There are quarterly earnings from banks Wells Fargo and JP Morgan Chase, heathcare giant Johnson & Johnson and fast-food’s Yum! Brands....
...(The Guardian, WaPo) Vanguard’s commanding position The index fund pioneer’s low fees have driven down costs and ushered in an era in which the most popular funds are those that do little more than track...
...Now that Dish controls about 15 per cent of industry spectrum capacity, “the question on everyone’s lips is: what is Charlie going to do next,” says Jennifer Fritzsche, an analyst at Wells Fargo....
...Analysts with Wells Fargo said the time it will take to complete the company’s transformation, which will also see Coach shift away from heavy promotions, disappointed the market....
...“Despite strong GDP growth in recent quarters, monetary policymakers in the UK judge that there is still spare capacity in the economy,” Jay Bryson, global economist at Wells Fargo, said in a note....
...plans to buy $39bn of mortgage-servicing rights from Wells Fargo....
...225 up +154.00 (+1.10%) at 14,162 Topix up +20.92 (+1.84%) at 1,160 Hang Seng down -23.20 (-0.11%) at 21,375 US markets S&P 500 up +13.31 (+0.76%) at 1,755 DJIA up +72.44 (+0.47%) at 15,445 Nasdaq up +...
...countries rail against IMF over Greek bailout Brazil’s representative to the International Monetary Fund’s executive board abstained from approving the fund’s new €1.8bn contribution to Greece this week...
...Vladimir Putin has called for Russia to use reserves from its rainy day fund to fund long-term infrastructure investments amid fears of a recession. http://on.ft.com/YGHERG Brazil education groups in $2.5bn...
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