Hints and tips:
...Act 1: Never-ending bills In the first quarter of 2022, average electricity bills for companies were about 30 per cent higher than a year earlier....
...Those describing themselves as bullish or very bullish declined sharply in our latest survey, from 58% in March to 42% in June....
...Scharf will join Wells next month, ending a six-month search prompted by the US bank’s fake accounts scandal. Full story here....
...A hollowing out will lead to efficiency gains from the non-zombie firms, and I think this may well guide the Bank of England in its deliberations....
...OQ ran into a banker from a Wall Street firm this week and attempted to commiserate with him at the blow to US banks’ collective pride from Fargo’s fall from grace. “Are you kidding?”...
...While the 0.9 per cent total return from the stocks selected in May 2015 was hardly a showstopper in its own right, it compares well with a negative 7.7 per cent return from the FTSE All-Share, which is...
...(FT) US economic recovery The recent performance of two US lenders showed evidence of the US economic recovery, with JPMorgan Chase and Wells Fargo reporting increases in mortgage lending in the first quarter...
...Potential weakness in sterling arising from Brexit concerns as well as large twin fiscal and current account deficits will also place upward pressure on policy rates despite the government’s planned fiscal...
...So the higher rate threshold goes from £41,865 this year to £42,385 next year. That is the first increase in the higher threshold in line with inflation for 5 years....
...But on Friday the sector retreated even as Wells Fargo , the largest US bank by market value, said net earnings grew 24 per cent in the final quarter of last year compared with the same period in 2011....
...Its results will be followed by two of the nation’s largest banks, Wells Fargo and JPMorgan Chase , later in the week....
...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....
...Other commercial banks also gained with Wells Fargo up 1.2 per cent to $30.62, and JPMorgan up 1.8 per cent to $38.30....
...Citigroup was off 1.7 per cent to $33.66 and Wells Fargo fell 0.2 per cent to $30.58. Exposure to legal risk stemming from the housing crisis has weighed heavily on bank share prices....
...Matthew Conlan at Wells Fargo cited “expectations for a longer wait for the [‘fracking’] market to re-tighten” in his note to clients on the stock....
...Exposure to legal risk stemming from the housing crisis has weighed heavily on bank share prices, but Matt Burnell at Wells Fargo cautioned that banks remain open to a host of litigation in particular on...
...Citigroup rose 2.6 per cent to $3.83, Wells Fargo gained 0.7 per cent to $26.10 and Morgan Stanley added 0.2 per cent to $23.50....
...health services in rural areas. 75....
...The fiscal and current account deficits are rapidly widening, leading to a 9 per cent depreciation in the rupee, forcing the central bank, the Reserve Bank of India, to jack up its key ”repo” lending rate...
International Edition