Hints and tips:
...Wells Fargo’s bank analyst Mike Mayo has a well-deserved (if not entirely unblemished) reputation for being an unusually acerbic member of the “great quarter guys!” industry....
...Several banks, including Barclays and Wells Fargo, have partnered with asset managers to establish a toehold in private credit....
...Polish central bank chief Adam Glapiński told the FT he was seeking a truce with Prime Minister Donald Tusk after an increasingly bitter feud....
...The move is the latest attempt by JPMorgan to beef up its legal wealth management business after two decades of trying to break the grip of Citi in New York, as well as that of Wells Fargo, which dominates...
...We even met a “bank walker”, Adam, one of an endangered breed employed to patrol the banks looking for weak spots. In winter the canal is drained for maintenance....
...Greetings from a rainy Istanbul, where the great and the good of European club football have been gathering in a former Ottoman palace on the banks of the Bosphorus for their twice yearly chinwag....
...“Jane Fraser puts an end to a failed 50-year vision,” Mike Mayo, Wells Fargo bank analyst, said when the sales were announced last year....
...He returns to the German lender, where he worked until 2009, from Wells Fargo, where was head of TMT capital markets....
...What a $600m heist says about crypto’s future In a traditional bank siege, an observer might need to rely on news helicopters circling overhead for updates....
...Ms Adam of the Art Newspaper said: “Up until now the auction houses have been parking their tanks on galleries’ lawns by lending money [on art] and private sales and other services....
...ESG was becoming a tool of risk management as well as activism. To some, this made ESG hypocritical....
...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....
...Bank of America, Citigroup and Wells Fargo together provided another $1.2tn of lines, while Morgan Stanley and Goldman Sachs had a combined $260bn, regulatory filings show....
...Adam Posen: The Bank of England has scope to respond to negative shocks, particularly financial or deflationary ones, as needed....
...That provided a bright spot in an otherwise so-so quarter. It was a similar story at Wells Fargo....
...(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...
...The energy transition strategy update in March is key to becoming more positive on the stock, absent a V-shaped recovery for their O&G customers. Glaring value?...
...Business groups and think-tanks are making a mistake to cast Uber v London as a totemic fight to preserve capitalism....
...Travel We assume that travel operators see an 80% fall in revenues in Q2 followed by a 40% decline in Q3 and a progressive normalization thereafter with FY21 still c15% below FY19....
...For S&N it all boils down to 2020 adjusted trading profit of $1,218bn to US$1.241bn versus a consensus of $1.243bn, so hardly a warning at all....
...V, U, or L? The nature of Covid-19 growth impact means that some elements – e.g., production resumption, inventory restocking, and travel normalisation – would lend a natural rebound to growth....
...Valuation and recommendation: HSBC’s shares have fallen by 42% year-to-date versus a 51% fall in the average share price of the other mainstream UK banks....
...I encountered this word for the first time this week, when one of the major US banks put out a research note with the view that the deathcare ‘sector’ would do well....
...We think Airbus would be best-positioned to benefit from a V-shaped recovery in 2021....
...RTN has a £220m bank facility and a £225m bond (relating to Wagamama). There is no covenant on the bond debt, other than paying the interest....
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