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...The move has caused anger in ministerial circles, fuelling fears that the Financial Conduct Authority’s approach to regulation is harming the City of London and driving business abroad....
...The UK’s accounting watchdog is in talks to move its headquarters out of the City of London to Canary Wharf or Stratford, as its plans to relocate staff to a second office in Birmingham face delays....
...Profits at US bank Wells Fargo fell in the first quarter, in a sign that the benefits of high interest rates are waning for the big lenders....
...Earnings at Wells Fargo jumped 9 per cent in the fourth quarter, despite an increase in loan loss provisions, as the US bank cut costs....
...Following an unexpected departure to Kansas City in season four, Noah Hawley’s offbeat crime anthology series, Fargo, returns to its spiritual home on the border between Minnesota and North Dakota....
...A source close to Wells Fargo said that some of the cuts would not happen until sometime in 2024....
...Many of those hires have been part of Wells Fargo’s efforts to comply with the Federal Reserve, which in 2018 imposed a cap on the size of the bank’s balance sheet following the lender’s fake accounts scandal...
...The lawsuit filed in state court in San Francisco contended that Sloan “bore the brunt of public criticism, much of it directed at Wells Fargo policies and practices that predated his tenure as COO or CEO...
...Wells Fargo has agreed to buy Neiman Marcus’s vacant space at 20 Hudson Yards for $550mn in a deal that underscores the changing fortunes of one of New York City’s largest property developments....
...Organisers say that workers at several of Wells Fargo’s corporate offices are also interested in forming unions. The votes cover a very small fraction of Wells Fargo’s overall workforce....
...This issue acts as a curtain-raiser for a year of celebrations. Welcome to Paris 2024. With the Olympics arriving in a few months, the city is in a mad rush to polish up before the torch arrives....
...Professor Photis Lysandrou Department of International PoliticsCity, University of London, London EC1, UK...
...Officials said civilians sheltering in Gaza’s southernmost city would be moved to areas “geographically close” to Rafah, including a coastal safe zone called Al-Mawasi, the city of Khan Younis, and perhaps...
...Wells Fargo reported a 60 per cent increase in profits in the third quarter, as the bank continues to benefit from higher interest rates....
...JPMorgan Chase, Bank of America, Wells Fargo and Citigroup collectively made $253bn in net interest income (NII) for the whole of 2023 — a 19 per cent jump from 2022’s total....
...Wells Fargo has agreed to buy Neiman Marcus’s vacant space at 20 Hudson Yards for $550mn in a deal that confirms the changing fortunes of one of New York City’s largest property developments....
A tour of Paris in the season’s new looks
...The City of London is likely to be affected by alterations to non-dom rules....
...Joel Coen’s leaden The Tragedy of Macbeth confused things. Drive-Away Dolls, though, feels more like what you might expect from a Coen. Criminal goons bicker in the subplot. So far, so Fargo....
Ain’t no love in the chart of the city
...The new fund is targeting $2.5bn of equity commitments, with roughly $2bn already contributed by Abu Dhabi’s sovereign wealth fund and the British Columbia pension fund....
...A contentious plan to demolish the former Museum of London to make way for new offices has been placed on hold by Michael Gove, even as the City of London backed the scheme....
...São Paulo faces the collapse of its electrical grid following years of under-investment, officials have warned, as widespread blackouts disrupt activity in the largest city in the Americas....
...Department of Justice, she pleaded guilty to obstructing in the investigations of regulators, who were looking into allegations of misconduct at the bank....
...Being an old-school broker in the City of London ain’t what it used to be. Technology and competition have hurt profitability in traditional dealing services....
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