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....
...The Wells Fargo Investment Institute has five hot ideas for your portfolio this year....
...Fargo Q3 World events Finally, here is a rundown of other events and milestones this week....
...“F.E.E.L.I.N.G.C.A.L.L.E.D.L.O.V.E” and “Sorted for E’s & Wizz” were ticked off like rites of passage from someone moving from Sheffield outsider to Britpop in-crowd....
...It is a weekend well-worth the 2h drive from town — if you’re lucky enough to score tickets....
...Fargo analysts wrote on Monday....
...Analysts estimate JPMorgan Chase, Bank of America, Citigroup and Wells Fargo to report collective net interest income for the final three months of 2022 of almost $60bn, up 30 per cent year on year, according...
...Let us know at Imani.Moise@ft.com or Sid.V@ft.com. Is crypto a risk to sanction enforcement?...
...“Runaway inflation is a more significant risk [than the pandemic],” said Nicholas Bennenbroek, international economist at Wells Fargo....
...The sudden boom in orders last autumn, in the wake of a sharp, pandemic-induced drop, resembled “a very sharp V . . . in China it was a very, very sharp V,” Busch said....
...“Central banks are happy to be behind the curve at this juncture,” said Henrietta Pacquement, a European credit portfolio manager at Wells Fargo Asset Management....
...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....
...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?...
...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....
...Countries that have managed the health crisis well will enjoy a greater rebound in consumer confidence and quicker reopening, say economists — and that is what gives them the best chance of enjoying a V-shaped...
...Amount of money raised so far: $152m Valuation at latest fundraising: N/A Major shareholders: Tencent, DST Global, Valar, Alven and the European Investment Bank....
...The central bank has ramped up its bond-buying and lent to banks at deeply negative rates....
...But, he warned, “higher unemployment, companies going bust, as well as plans to further cut back on staff and falling orders, suggest that the current V-shaped recovery could quickly run out of steam”....
...“The fiscal spending can really help them get a V-shaped recovery.” In the longer term, there could be other benefits of central Europe’s ties with Germany....
...This is not a normal recession.” Provisions were higher in the US than in Europe, with more than $57bn across JPMorgan, Wells Fargo, Citigroup and Bank of America alone....
...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....
...“I am not convinced that we are going to have a V-shaped recovery,” he said. “I think it will be more like a U. The key thing is to shorten the lower part of the U . . ....
...Bank of America’s oil and gas loans are 1.7 per cent of total loans; and Wells Fargo’s and JPMorgan’s loans to the sector amount to 1.4 per cent of outstanding lending....
...said Jörg Asmussen, a former ECB executive board member who is now head of Germany’s insurance association. “Is it temporary? How many months before a V-shape recovery starts?”...
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