Hints and tips:
...The day ahead Bank earnings Thanks to interest rate rises, analysts estimate JPMorgan Chase, Bank of America, Citigroup and Wells Fargo will report collective net interest income for the final three months...
...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...
...Hedge funds were pulling their balances from Morgan Stanley at an alarming rate, funding markets seized up and the value of the bank’s trading assets plummeted....
...Guy Moszkowski, banks analyst at Autonomous, said the US banks with big retail arms — Wells Fargo, Bank of America, JPMorgan and Citigroup — are benefiting from the Federal Reserve’s interest rate rises...
...In February last year, 42 members of the Piromalli clan in Calabria were arrested and 40 farms seized in connection with the export of counterfeit oil to the US, sold as extra virgin, which retails for at...
...That supports a tight spread environment,” says Niklas Nordenfelt, a portfolio manager with Wells Fargo Asset Management. Others are less sure....
...The US central bank announced a quarter-point increase in the target range for the federal funds rate to 0.25-0.5 per cent, lifting it from the historic lows it has occupied since December 2008....
...Elderly Athenians were left in the lurch, waiting outside branches of the National Bank of Greece....
...In six similarly-worded suits, filed on Wednesday at the Supreme Court in New York, the investors alleged that the banks – which also include Citigroup, Bank of New York Mellon, US Bancorp and Wells Fargo...
...and central bank dominance of the markets, executives told investors on Thursday that the multi-strategy Pine River Fund, the hedge fund group founded by Brian Taylor which has $4.5bn under management,...
..., 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....
...It raised $20m in its latest round of funding, where investors included Wells Fargo & Co and Mexican businessman Carlos Slim. 21....
...(Wall Street Journal) New York attorney general Eric Schneiderman plans to sue Bank of America and Wells Fargo over claims they violated terms of the National Mortgage Settlement, a sweeping $26bn pact...
...cost the bank some $6.2bn....
...The Nasdaq Composite rose 0.2 per cent to 3,040.59. Apple , the heaviest weighted stock on the tech benchmark, lost 0.9 per cent to $521.73....
...and stop such funds from entering the US....
...now in the process of raising funds for this, is in talks with Indonesia’s PT Kideco Jaya Agung for divesting part of its stake in the coal mines, Mint reports....
...Bank of America dropped 4.4 per cent to $14.57, Wells Fargo fell 4.1 per cent to $25.93 and JPMorgan Chase declined 3.8 per cent to $37.06 following a report by Moody’s arguing that the three largest US...
...Wells Fargo, which said it had repaid $25bn in government funds on Wednesday, was 0.9 per cent higher at $27.09....
...Here are some extracts from the statement: Strong Business Momentum at Wells Fargo and Wachovia, Including $190 Billion in Mortgage Applications SAN FRANCISCO–(BUSINESS WIRE)–Wells Fargo & Company (NYSE...
...Wells Fargo did not say on Thursday when it would repay government funds. Additional reporting by Daniel Dombey in Washington...
...Wesfarmers dropped 4 per cent to A$20.40 after it said that coal price negotiations at its Curragh mine had resulted in a 59 per cent decline....
...Wells Fargo, which has yet to disclose fourth-quarter earnings, lost 23.8 per cent to $14.23 after FBR analysts became the latest to warn of higher credit losses and the threat of a dividend cut....
...Silvio Berlusconi How he made it: The Italian prime minister has seized opportunity after opportunity in more than 40 years in business....
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