Hints and tips:
...Some of the world’s biggest banks — Morgan Stanley, Wells Fargo and Bank of America — are all reportedly lining up to get involved in bitcoin, too....
...result in banks lending less and at higher interest rates....
...“The BoI did a pretty good job defending levels beyond 4.00 per US dollar and the disclosure of central bank FX [currency] intervention firepower managed to suppress speculative short shekel flows,” said...
...It’s meant that for years Citi’s been lagging behind its peers like Wells Fargo and JPMorgan Chase in things like their stock price performance. Here’s the FT’s US banking editor, Joshua Franklin....
...The biggest contributors — Bank of America, Citigroup, JPMorgan and Wells Fargo — each put in $5bn, with the rest depositing between $1bn and $2.5bn each....
...But this is true only in a limited sense. Under post-crisis banking rules, currency and rates trading can be done at the bank holding company level, and therefore take advantage of deposits....
...Sam gave us an interview shortly before he was arrested. He said to me, OK, how about 3:00 in the morning?...
...From the SEC’s complaint: From the start of FTX’s operations in or around May 2019 until at least 2021, FTX customers deposited fiat currency (eg, US Dollars) into bank accounts controlled by [FTX’s affiliated...
...FTX’s employees paid hundreds of millions of dollars for property in the Bahamas where the firm was located, $135mn for naming rights to a Miami basketball stadium and even racked up a $55,319 tab at the...
...account numbers: one to pay for the food, another for the tip....
...In a further sign of banks’ efforts to incorporate blockchain technology into their operations, HSBC and Wells Fargo said last week they had agreed to settle currency trades directly on blockchain....
...that its virtual currency was fully backed by US dollars at all times was a lie”, unquote....
...To cite another example: this week HSBC and Wells Fargo revealed plans to use blockchain to settle foreign exchange transactions between financial institutions....
...“There is no banking system in Russia without Sberbank,” said Ilan Stermer, director of banks research at Renaissance Capital....
...The US president announced last month he intends to appoint Saule Omarova as comptroller of the currency, which supervises national banks including Bank of America and Wells Fargo....
...European banks have struggled to compete with US rivals like JPMorgan Chase, Bank of America and Wells Fargo. 3....
...US editor-at-large Gillian Tett says supply chain crises are forcing a change in mindset at US companies as they face up to once-unimaginable risks....
...(FT) Earnings Bank of America and Goldman Sachs follow JPMorgan Chase, Citigroup and Wells Fargo last week and report fourth-quarter earnings on Tuesday. Netflix publishes results after markets close....
...There’s a difference between no longer being in the hallowed “G5” group of currencies — which it is not at all clear the pound has fallen out of permanently either — and being an emerging market currency...
...Well, there’s no need for us to imagine anymore....
...The Office of the Comptroller of the Currency said that the former Wells Fargo chief executive would pay $17.5m to settle a probe of his role in the fake accounts scandal that continues to weigh on the bank...
...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....
...Other banks, including Bank of America and Wells Fargo, are also active in industry efforts to promote API solutions over screen-scraping....
...Wells Fargo’s results are on Tuesday, while Bank of America, which is forecast to post a fall in quarterly profit, BlackRock and Citigroup report on Wednesday....
...(FT) Top level departures at Wells Betsy Duke, chairman of Wells Fargo, and James Quigly, head of the bank’s audit and risk committee, have both resigned ahead of a scheduled appearance before the Democrat-controlled...
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