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...Wells Fargo has among the largest exposure to San Francisco commercial real estate, with approximately $34bn loans outstanding in California, according to filings....
...A revolving credit facility and term loan covering a portion of the debt is being led by RBC Capital Markets, Wells Fargo and SMBC....
...UniCredit reported a 55 per cent rise in profits compared to a year earlier, as the Italian bank set out its first quarterly results after last week walking away from a deal to buy state-owned rival Monte...
...Archegos founder Bill Hwang last week gathered Wall Street lenders Goldman Sachs, Morgan Stanley and Wells Fargo, as well as Swiss rivals UBS and Credit Suisse and Japan’s Nomura in a last-ditch effort to...
...Last year the bank’s return on tangible common equity was best among the big US banks at 12 per cent, edging ahead of scandal-stricken Wells Fargo....
...Critics seized on the findings as evidence of wider problems at Wells, which joins Santander and Nationwide Bank in the ranks of “needs to improve” lenders....
...Bank of America, JPMorgan and Wells Fargo will be joined by BlackRock, the asset manager....
...The S&P 500 financials index trimmed an early rise but still finished 0.5 per cent higher as shares in Bank of America, JPMorgan and Wells Fargo gained ground after they reported robust quarterly earnings...
...OQ ran into a banker from a Wall Street firm this week and attempted to commiserate with him at the blow to US banks’ collective pride from Fargo’s fall from grace. “Are you kidding?”...
...Wells Fargo (Finance) 21. SABMiller (Consumer Goods) 22. Netflix (Online Retail) 23. Goldman Sachs (Finance) 24. Exxon Mobil (Oil & Gas) 25. Royal Bank of Scotland (Finance) 26....
...Officially, the volume of outstanding bank loans expanded 170 per cent from 2008 to 2014, compared to a 103 per cent increase in nominal GDP....
...abuse of the foreclosure system that allowed banks to seize homes from defaulting borrowers....
...In the process, Wells Fargo reduced its number of top ‘tier 4’ data centres from seven to three, cut its regional data centres from 13 to 10, reduced the number of applications by 25 per cent to 3,000 and...
...Banks stocks traded slightly lower, with Citigroup falling 0.7 per cent to $33.07, as it faced pressure from a key shareholder to raise its dividend....
...Wells Fargo on Thursday boosted US markets after it said it expected record first quarter earnings of $3bn, or $0.55 per common share after preferred dividends....
...Of 130,000 drafted Alsatians and Mosellans - people from the mostly French-speaking Moselle area - approximately 42,500 never returned....
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