Hints and tips:
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...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....
...But they were unimpressed by the bank’s 10 per cent increase in profits, eclipsed by Wells Fargo (68 per cent) and JPMorgan (38 per cent) last week....
...In one of three casts, Angela Gheorghiu sings Mimi — the role that made the Romanian soprano a star in her 1992 ROH debut....
...Treasure trove: Tim Harford explains what the price of a 2,000-year-old Roman nail tells us about value....
...Job moves Wells Fargo has hired Malcolm Price as head of financial sponsors. He was previously a senior private equity and leveraged finance banker at Credit Suisse....
...And Brooke had not just a working mother in her life, but also a formidable grandmother: Roberta Lyon, a single mother, had held a senior vice-president role at US bank Wells Fargo in the 1980s, when very...
...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....
...Wells Fargo to pay $37m over foreign exchange fraud allegations US government attorneys alleged in a civil complaint filed yesterday that Wells Fargo from 2010 to 2017 overcharged almost 800 commercial clients...
...Monday Germany, monthly producer price index Sweden, Riksbank’s monetary policy meeting UK, property website Rightmove’s monthly house price index US, monthly Wells Fargo Housing Market Index Tuesday...
...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?...
...But, you know, a lot of pollsters I’ve been talking to in the last few days have said, well, it’s actually possible that Angela Merkel’s Christian Democrats could squeeze past the finish line just a little...
..., as well as the central bank itself....
...JPMorgan Chase and Goldman Sachs kick off earnings season on Tuesday, followed by Bank of America, Citigroup and Wells Fargo reporting on Wednesday, and Morgan Stanley on Thursday....
...Coronavirus digest Wells Fargo, Citigroup and JPMorgan together closed more than 250 branches in the first half of the year, as US lenders bet that much of the foot traffic that went digital during lockdowns...
...Buffett dumps Wells Fargo shares Warren Buffett’s Berkshire Hathaway sold the vast majority of its stake in Wells Fargo in the first quarter, according to filings with the Securities and Exchange Commission...
...As one Wells Fargo analyst put it: “It’s a string of pearls approach where they buy smaller fintech firms to better advance the asset management business with lower cultural, operating and goodwill hurdles...
...Our sympathy goes to England fans after the nail-biter in Wembley last night, but also, tanti auguri to those celebrating Italy’s win....
...Friday JPMorgan Chase; Wells Fargo; Citigroup Economic data and central banks Monday China inflation (Dec) China’s consumer prices are forecast to stay flat while producer price index deflation is expected...
...(FT) The days ahead US bank earnings JPMorgan, Wells Fargo and Citigroup report fourth-quarter earnings....
...Well, the European Commission is offering one....
...Provisions were higher in the US than in Europe, with more than $57bn across JPMorgan, Wells Fargo, Citigroup and Bank of America alone....
...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....
...He said he expected dividend payments to largely be flat overall this year, and a dividend cut is already factored into Wells Fargo’s share price....
...But a lengthy cycle of loan losses and business failures remains a legitimate risk scenario (just look at the initial reaction to the results from Wells Fargo)....
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