Hints and tips:
...Several banks, including Barclays and Wells Fargo, have partnered with asset managers to establish a toehold in private credit....
...We like Adam Posen’s two-phase articulation, as laid out in his Unhedged interview last month....
...In recent years, banks have sought to re-establish their presence in the market, with lenders including Barclays and Wells Fargo setting up partnerships with asset managers to do so....
...Citi and Wells Fargo also recorded drops in lending. The pullback in lending hit JPMorgan Chase particularly hard....
...“The probability of regime change materialising is rising, which was true before the earthquakes, but more so now that crisis conditions have formed,” Wells Fargo economist Brendan McKenna told clients on...
...And some said that this guy reminded them of WeWork’s Adam Neumann. And this is also similar to WeWork in that it was targeted at a younger generation....
...Wells Fargo’s vice-chair of public affairs William Daley, the White House chief of staff to former president Barack Obama, will retire at the end of this year....
...“I fear this is going the way of the Wells Fargo scale of scandal,” the person said, referring to the US bank being fined $3bn for fraudulently opening millions of customer accounts....
...Late last year, it hired Adam Whinston, who previously worked on sustainability for Disney and Hewlett-Packard, as its first global head of ESG....
...JPMorgan was poised to earn $50m structuring a $6bn loan lent by it and a group of banks including Goldman, Bank of America, Citigroup, UBS and Wells Fargo, for example....
...Also reporting today are the universal banks: Citigroup, Bank of America and Wells Fargo. Thanks for reading FirstFT Americas....
...One good read This piece from Adam Tooze on Joe Manchin’s opposition to Biden’s climate plan shows how complicated the situation is....
...Kate McKinley has been named chief legal officer of Allspring Global Investments, the rebranded Wells Fargo Asset Management business acquired by GTCR and Reverence Capital Partners....
...CW Capital, responsible for just under $34bn of commercial mortgages according to data from Wells Fargo, says it has boosted the number of staff working on distressed loans by almost 30 per cent, taking...
...The country’s biggest lenders — JPMorgan Chase, Bank of America, Citigroup and Wells Fargo — are all set to publish their quarterly accounts this week....
...Morgan Stanley, Citigroup and Wells Fargo all lost around 15 per cent of their value. The corporate fallout of the viral outbreak has deepened....
...Vickee Jordan Adams will join the advisory firm Finsbury as a partner in New York in January when it becomes Finsbury Glover Hering. She is a former Wells Fargo senior vice-president....
...WeWork’s Adam Neumann needs to find a new office after he stepped down in the wake of an aborted flotation....
...(FT) Wells Fargo hearings Charlie Scharf, Wells Fargo chief executive, will face the first hearing of two hearings before the Democratic-controlled House financial services committee about the bank’s 2016...
...“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....
...HSBC last month injected $5m as part of a $22m fundraising round for OpenFin, joining existing shareholders JPMorgan, Barclays and Wells Fargo....
...His comments were reinforced by Mary Mack, head of Wells Fargo’s consumer banking division, who said on Wednesday that “the consumer appears to be in pretty good shape”, and JPMorgan Chase’s Jamie Dimon,...
...On Sunday, the warning from Jerome Adams came as 25,316 new coronavirus cases were confirmed, taking the total number of cases to nearly 337,000....
...It begins like Fargo crossbred with Shaun of the Dead....
...Adam Gilbert, global regulatory leader at PwC’s financial services advisory practice, said: “Banks are much more financially robust than they were 10 years ago....
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