Hints and tips:
...The approximately 2 per cent peak-to-trough fall in GDP seen back then isn’t so dissimilar from our forecasts for the 2023 downturn....
...First Group’s commentary in their latest accounts is eerily reminiscent of the comments we’ve heard from insurers recently, with management reporting that they “..have continued to see a deteriorating claims...
...The two executives were due to appear with Wells chief executive Charlie Scharf to give account of the bank’s progress in addressing the governance and control problems revealed by the 2016 fake accounts...
...‘Spoons is leading the pub operators lower after saying its lending banks have approved a further £48.3m loan through the Coronavirus Large Business Interruption scheme, as previously flagged....
...Embattled Wells Fargo CEO Tim Sloan left the bank after a number of high-profile scandals and Mark Parker hung up his Nike shoes, ending a 13-year tenure that was marked by successes and controversies....
...In 2019, tourists from the US and Canada spent an average of €701 per person in Ireland (excluding air fares), relative to €549 by Germans and €258 by those from Great Britain....
...In 2019, we expect S&P 500 companies to execute approximately $800bn in buybacks and return an additional $500bn [or so] via dividends, which is in line with 2018 shareholder return.”...
...of sterling as an international currency....
...This tells us that many markets are ripe for a bounce. For example, Brent crude near $58 a barrel sits well below its 50, 100, and 200-day moving averages which all loiter around $74....
...These deals enabled domestic life insurers to receive dollars from banks to buy Formosa bonds and promise to return the US currency at a later date — in exchange for paying an extra spread on the US dollars...
...Wells Fargo fake account scandal: All the big banks have had trouble at some point and I see no reason why Wells Fargo as a company from both an investment standpoint and a moral standpoint is in any way...
...And, finally, we'll hear about Wells Fargo's latest embarrassing admissions in its fake account scandal....
...But, despite these efforts, it has suffered a cash outflow of approximately $210m in 2017 year to date....
...Just a few months ago, the fake-account scandal at Wells Fargo, the US’s second-biggest bank by deposits, not only put a spotlight on sales practices but also drew stinging condemnation of its executives...
...The move from “phase 1” to “phase 2” is all very well, but the hard questions remain....
...US equities had a volatile time in the wake of the minutes’ release, with the S&P 500 equity index ending the session fractionally firmer at 2,047, after earlier falling to 2,034.49....
...In the 12 weeks ended January 23, Coca-Cola’s US retail sales rose 1.8 per cent, according to data from research firm Nielsen and compiled by Wells Fargo, thanks to demand for its water and tea brands, while...
...Analysts at Canaccord Genuity expect adjusted earnings per share of 13.6p for the year ending January 31 2017, up from 13.2p in full-year 2016....
...(FT) The US Federal Reserve , which is finally expected to signal that it will start raising rates in June or September, ending six years of quantitative easing. The stakes are high....
...She complained that supporters of Aécio Neves, the opposition candidate from the pro-business PSDB, who lost by only about 3 percentage points in the poll on Sunday, did not care about the less well-off...
...Bank of America and Wells Fargo were among the largest banks that were not on the list, meaning they have not yet met the requirements....
...(WSJ) Tata Steel has tapped the US dollar bond market for $1.5bn, marking the first step in plans to refinance approximately $5.5bn of debt and loans related to its $13.1bn purchase of Anglo-Dutch steelmaker...
..., Wells Fargo, Goldman Sachs and Morgan Stanley would be hit with a levy of 3.5 basis points – or 0.035 per cent, according to Bloomberg News....
...This was offset by a jump in the share of investment over the same period, from 42 per cent of GDP – already extremely high – to 48 per cent....
...Other commercial banks also gained with Wells Fargo up 1.2 per cent to $30.62, and JPMorgan up 1.8 per cent to $38.30....
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