Hints and tips:
...This month, US homebuilder confidence slipped for the first time this year according to an index compiled by the National Association of Home Builders and Wells Fargo....
...One thing to start: The Phoenix Suns are on track to set a record price for the sale of a National Basketball Association franchise, with mortgage lending billionaire Mat Ishbia nearing a $4bn deal to acquire...
...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....
...The National Association of Home Builders/Wells Fargo Housing Market Index releases a June update....
...Going forward, the federal government has ordered that only Euro-V standard fuels can be imported. Elsewhere, banks have announced policies to end financing for coal-powered plants....
...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...
...Saudi Aramco has hired Wells Fargo banker Robert Fernandez to manage its relationship with banks after the oil company completed the world’s biggest share sale....
...Mr Otting, a former CEO of OneWest Bank and ally of Steven Mnuchin, the Treasury secretary, is the day-to-day regulator for national banks like Wells Fargo, Bank of America and JPMorgan Chase....
...Thanks to a series of court rulings since the mid-2000s, such as eBay v MercExchange in 2007, Mayo Collaborative Services v Prometheus Laboratories in 2012 and Alice Corp v CLS Bank in 2014, and the subsequent...
...Well Fargo analysts said last week that despite investors being well protected from losses due to the way the bonds are structured, now is a good time to “take some risk off the table”, and the Bank of America...
...But, after the decision from the US Federal Reserve to keep its target overnight rate on hold this month, more lenders are taking their cue from Wells Fargo, the biggest bank in the world by market capitalisation...
...The non-banks’ increased share of home loans comes at a time when big lenders such as Wells Fargo, Bank of America and JPMorgan are pulling back, according to a study by academics at Harvard’s Kennedy School...
...Those assets will go somewhere — to Wells Fargo, for example, making a large bank larger — or to other smaller shadow banks run by unregulated funds such as Blackstone or Apollo....
...It has 5,500 members, including JPMorgan Chase, Citigroup, Wells Fargo and HSBC....
...Wells Fargo, the world’s biggest bank by market capitalisation, is lobbying regulators to absolve banks from responsibility for later defaults that the bank says are often unrelated to underwriting standards...
...Bank of America, JPMorgan Chase, Citigroup, Wells Fargo, and Ally Financial, which acquired Rescap, sent relief to 49 states as part of the deal with the Department of Justice and state attorneys-general...
...“May Golden Week is off to a very strong start, with record mass market crowds in Macau over the past four days,” Wells Fargo analyst Cameron McKnight said....
...The banks with the largest demands from Fannie who are yet to settle are Wells Fargo and JPMorgan Chase....
...Banks have considered introducing fees to consumers to make up for the revenue shortfall but both Bank of America and Wells Fargo have dropped the idea amid fears of a consumer backlash....
...The National Association of Home Builders/Wells Fargo index rose to a level of 52, from 44 in May....
...In a separate settlement, 10 mortgage lenders, including BofA, Wells Fargo, JPMorgan Chase and Citigroup, agreed to pay more than $8.5bn to settle regulators’ allegations that they were guilty of widespread...
...Wells Fargo lost 0.5 per cent to $34.77....
...Both Wells Fargo and Citigroup are retaining loans at the same pace that borrowers are paying down their old mortgages, the analysts said....
...The day before, fears about the health of US household balance sheets grew on Wall Street after Citigroup and Wells Fargo reported new signs that borrowers were falling behind on their payments, adding to...
...Wells Fargo, Bank of America and JPMorgan Chase service 46 per cent of mortgage debt. However, private equity-backed groups have been making steady inroads....
International Edition