Hints and tips:
...By contrast, Wells Fargo and Bank of Montreal, banks with subscale asset management arms, are looking to shed them. Meanwhile, several standalone players have become the targets of activists....
...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....
...The US central bank announced a quarter-point increase in the target range for the federal funds rate to 0.25-0.5 per cent, lifting it from the historic lows it has occupied since December 2008....
...(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...
International Edition