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....
...Rightmove, the classifieds site for estate agents, said it remained confident in delivering its expectations after posting an interim operating profit of £114.9m, up from £61.7m a year ago, Software maker...
...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...
...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....
...Another well-respected regional bank leader is Richard Davis, who was the CEO of the largest of the regional banks, US Bancorp....
...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....
...Moody’s estimates that recoveries on so-called first-lien loans — which rank first in a debt workout — would likely fall from the historical average of 77 cents on the dollar to 61 cents....
...Tate & Lyle retreated after a profit warning from US peer Ingredion, which blamed sharply lower sweetener demand from beverage companies in North America as well as higher than expected manufacturing costs...
...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....
...of approximately £47.7m....
...But, despite these efforts, it has suffered a cash outflow of approximately $210m in 2017 year to date....
...The dollar index, a measure of the US currency against a basket of peers, was up 0.1 per cent at 96.206....
...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...
...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....
...In the 12 months ending March 2015, Chinese citizens bought $28.6bn worth of US residential property, a jump from $7bn in 2011, according to the National Association of Realtors (NAR) (see chart 7)....
...(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...
...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....
..., 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....
...plans to buy $39bn of mortgage-servicing rights from Wells Fargo....
...In India – the focus for much of the recent EM concerns – the rupee touched another record low against the dollar before the country’s central bank stepped in to stem the currency’s decline....
...In a separate settlement, 10 mortgage lenders, including BofA, Wells Fargo, JPMorgan Chase andCitigroup, agreed to pay more than $8.5bn to settle regulators’ allegations that they were guilty of widespread...
...at Fifth Third, Barclays, Regions Financial, Wells Fargo, Citi, UBS, US Bancorp, Goldman, JPMorgan and PNC Financial....
International Edition