Hints and tips:
...Third, big banks including Wells Fargo and Citigroup have been scaling back their subscription line businesses, making them less likely to bid for these loans....
...Franklin Templeton is lukewarm but likes “naturally diversifying ‘alternatives’ such as private assets” RBC Capital Markets has a Q&A. “The time to pivot will come in due course,” says Wells Fargo....
...He will join the panel on a two-year secondment from the bank beginning in May. Wells Fargo has named Doug Braunstein as a vice-chair....
...Perhaps it does, but these banks have lost a lot of non-interest deposits in the past year or so, as depositors steadily hunt for better returns for their deposits....
..., Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Morgan Stanley, SocGen, UBS/CS and Wells Fargo will clock in at about $141bn this year....
...Meanwhile, a slowdown in demand for commercial mortgage-backed securities has left banks of all sizes holding on to more property debt than they or regulators would like....
...Daniela Russell, head of UK rates strategy at HSBC, has been banging on about this for a while now....
...The assets include loan balances of $460mn and commitments for a further $494mn of lending “as well as other assets in Frankfurt and Berlin”....
...From the end of 2019 to mid-2022, the total value of securities, mostly Treasuries and insured mortgage bonds, at all banks rose by 54 per cent, or $2tn, and about twice as fast as their overall assets,...
...Wells Fargo has hired Citigroup’s Clayton Hale as co-head of equity capital markets alongside Jill Ford, who joined the bank earlier this month from Credit Suisse. Hale will join in New York....
...JPMorgan, Citi and Wells Fargo report earnings on Friday, followed by Bank of America on April 18....
...Wells Fargo analyst Mike Mayo described the sell-off as the banking industry’s “SIVB Moment”, referring to SVB’s ticker on Nasdaq....
...The biggest contributors — Bank of America, Citigroup, JPMorgan and Wells Fargo — each put in $5bn, with the rest depositing between $1bn and $2.5bn each....
...A simpler streamlining, perhaps involving UBS, is required. Happy days — for the moment — for US alternative asset managers such as Blackstone and Apollo....
...We did this to protect community banks who were losing uninsured business customers to banking giants such as JPMorgan Chase and Wells Fargo....
...investment as well as remove policy uncertainty for businesses....
...At the same time, many big providers of subscription lines — such as Citigroup and Wells Fargo — are scaling back their businesses....
...in Alibaba, Bank of America, Wells Fargo and Chinese carmaker BYD among others....
...With that in mind, we present to you the Sistine Chapel of wrong-way risk: As security for the unpaid amount, Equity interests in SVF2 LLC held by MgmtCo will be pledged as collateral for the unpaid obligations...
...JPMorgan Chase has hired Zheniya Sidarchuk, a banker at Silicon Valley Bank Securities, as a managing director, per Bloomberg....
...That’s why HSBC’s installation of a CCP committee on its HSBC Qianhai Securities bank on the mainland — as revealed in this scoop by the FT’s Stephen Morris and Tabby Kinder — is so significant....
...A fuzzy deal will have to suffice for now, Reuters’ Breakingviews writes, as shareholders in the Swiss lender hope to de-risk its investment bank as quickly as possible....
...The former head of responsible investing for HSBC Asset Management quit the bank this week after he was suspended for a provocative speech accusing policymakers of overstating the financial risks of climate...
...Dimon will be joined by the chief executives of Citigroup, Bank of America and Wells Fargo, among others....
...Santander Securities, the entity that plans to launch PathFinder, is a subsidiary of Santander Holdings USA. The parent is a holding company for Santander Bank....
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