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....
...Analysts are forecasting that JPMorgan and Wells Fargo will be the only banks whose profits rose in the third quarter compared to a year earlier, according to consensus data compiled by Bloomberg....
...JPMorgan, Citi and Wells Fargo report earnings on Friday, followed by Bank of America on April 18....
...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....
...EToro, which has more than 20m registered users, will combine with Fintech Acquisition Corp V, the special purpose acquisition company set up by banking tycoon Betsy Cohen, in one of the largest Spac deals...
...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?...
...Wells Fargo’s former chief executive, Tim Sloan, stepped down last month after coming under pressure from both Congress and regulators....
...Betsy Duke, a former Federal Reserve regulator who joined Wells Fargo’s board in 2015, had been chair since the start of 2018....
...This week JPMorgan Chase, Wells Fargo and Citi set aside a record $28bn for bad loans, more than expected. This shows they fear a wave of corporate and consumer bankruptcies....
...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....
...koala bears aren’t bears but marsupials) Round Four Dudley Moore, who played George Webber in the film 10 (with Bo Derek); and appeared the Beyond the Fringe with Alan Bennett and Jonathan Miller, as well...
...Provisions were higher in the US than in Europe, with more than $57bn across JPMorgan, Wells Fargo, Citigroup and Bank of America alone....
...But a lengthy cycle of loan losses and business failures remains a legitimate risk scenario (just look at the initial reaction to the results from Wells Fargo)....
...“I would say that, as a team, we've pretty well discounted a uniform V-shaped recovery. The question is, is it U-shaped, is it W-shaped or parts of it L-shaped?”...
...Across their overall books senior executives at Bank of America, Wells Fargo and US Bank have publicly said that between 25 per cent and 40 per cent of those who were granted forbearance continued making...
...Job moves Betsy Duke, board chair and another longstanding board member of Wells Fargo, resigned on Monday ahead of this week’s hearings scrutinising the US bank’s 2016 fake accounts scandal....
...I was hoping Wells Fargo would take a chance on someone new, someone out of the box who would shake things up.”...
...Wells Fargo’s chair Betsy Duke resigned on the eve of the hearing before the Democratic-controlled House financial services committee....
...In the US, $9.5bn of credit charges — including loan loss provisions — pushed Wells Fargo to a $2.4bn loss, while profit fell more than 50 per cent at Citi, Bank of America and JPMorgan....
...“We are all here to help,” said Charlie Scharf of Wells Fargo. That is good, but Mr Trump is not in a position to compel them to....
...Since 2016, when US regulators revealed that Wells Fargo had opened millions of unauthorised accounts, nine of 14 members of the bank’s board of directors have stepped down, and the chief executive has changed...
...On Wednesday, the committee will call two Wells board members, including board chair Betsy Duke, who faces calls to resign....
...JPMorgan, Goldman, Citi and Wells Fargo — who together account for more than 40 per cent of assets in the US banking system — will all report third-quarter earnings on Tuesday, with Bank of America and Morgan...
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