Hints and tips:
...Look out the first of the large financial groups reporting their results, including JPMorgan, Citi, State Street, Wells Fargo and BlackRock on Friday....
...Among large banks, only Wells Fargo has grown assets as fast over the past two decades, and its growing pains are well known. Some regionals have grown faster, but off much smaller bases....
...Neither the monster national players (JPMorgan Chase, Bank of America, Wells Fargo, Citigroup) nor the regionals (PNC, M&T, et al) have had much to say about the economy’s effect on credit quality....
...The tests showed that all of the banks tested, including Bank of America, Citigroup, State Street and Wells Fargo, would meet minimum capital requirements despite projected losses of $541bn....
...First, higher interest rates imposed by the Federal Reserve since March of 2022 have padded the bottom lines of JPMorgan and its US banking peers Citigroup and Wells Fargo by allowing them to charge more...
...Plus if you really miss Brian Cox et al, you can slowly flick through the archive photographs while humming a haunting piano theme....
...Here are the 30-day card delinquency rates for Bank of America, JPMorgan and Wells Fargo (Citi has an annoying comparability issue with its historical data so we left it out) the past five first quarters...
...The addition of the “+” countries (Russia, Kazakhstan, Mexico et al) to the cartel have increased its market share....
...It includes a lavish townhouse in Belgravia, London, purchased for £13.75mn in 2013, as well as a home and livery yard in Stratford-upon-Avon....
...They look at Facebook’s past five years and its attempts — frequently belated, often ambiguous — to deal with the way that state actors (Russia et al), hoodlums (such as the Proud Boys), politicians (a list...
...Capital One, Citigroup, Wells Fargo, Synchrony Financial and Santander You’ve built out a system to manage fraud risk, do you want to do credit risk as well?...
...The same, of course, applies to Le Pen et al in Europe. I don’t know Israel nearly well enough to prescribe a solution to the deep-seated Palestinian-Israeli crisis....
...Or look at the action of banks. This week JPMorgan Chase, Wells Fargo and Citi set aside a record $28bn for bad loans, more than expected....
...And, as lockdown measures are softened, the return of the likes of Gregg's, Starbucks et al to the UK FtG market will increase competition....
...Recent medical literature suggests that severe manifestations of COVID19 may be due to tissue damage caused by severe immune dysregulation (Li H, et al; The Lancet; April 2020)....
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...(FT) Executive moves Scott Powell, chief executive of Santander’s US operations, has been hired by Wells Fargo....
...Wednesday’s development in the NMC vs Muddy Waters et al saga saw Krupa Global Investments, a Czech activist fund, say apropos of nothing that it holds positions equivalent to just over 0.4 per cent of the...
...Addison Lee, the mini cab company that was bought by Carlyle just months before Uber et al made it on to the scene....
...They argue that it makes little sense to ban a non-strategic company such as Rusal while leaving Sberbank, VTB and Gazprom et al still tradeable in the US....
...I guess it will need an increased ESG focus on Russia and sanctions, or a more active move by the US Treasury et al to question Russian index inclusion and bring a more fundamental re-assessment of Russian...
...That should be the short summary for first-quarter earnings from the big US banks, which begin to report with JPMorgan Chase, Citigroup and Wells Fargo....
...(FT, NAR) Wells Fargo bankers cough up Directors at the bank are clawing back an extra $75m in executive bonus payouts after an internal investigation into the sham accounts scandal placed the blame largely...
...Mrs Clinton has made a habit of attacking big companies by name, chastising Wells Fargo for creating faked bank accounts, Mylan for price gouging with its EpiPen, and Pfizer for attempting to cut its tax...
...(FT, Yonhap, NAR) In the news Record fine for Wells Fargo The world’s most valuable bank has been hit by the US consumer finance watchdog’s largest fine to date after regulators found that staff racing...
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