Hints and tips:
...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....
...I remember when the Supreme Court was just about to overturn the Roe v Wade abortion ruling in 2022. I spoke to the CEO of a large American business....
...Dwayne Johnson, aka The Rock, and Barbie’s Ryan Gosling took it several steps — or buttons — further, displaying what is unfortunately known as “heavage”....
...Wells Fargo reckons the company could take a 4 per cent hit to annual revenue while Pfizer could see a 1 per cent drop in sales....
...well under £10bn a year....
...BNP Paribas has appointed 10 bankers to senior roles including Wells Fargo’s Vanessa Dager to lead M&A in North America....
...Lantink’s work has been acquired and shown by museums, including London’s V&A and the Costume Institute at New York’s Metropolitan Museum of Art, while celebrities such as Beyoncé, Billie Eilish and Janelle...
...“In terms of the impact of globalisation and industrialisation, the nadir for Stoke was somewhere between 2005 and 2010,” says Tristram Hunt, director of London’s V&A museum and author of The Radical Potter...
...JPMorgan Chase, Citigroup and Wells Fargo collectively earned $49.6bn in net interest income during the third quarter, about 30 per cent up on the same period last year....
...News round-up Thames Water to be investigated over financial stability and dividends (FT) Jamie Dimon takes aim at US bank rule proposals in Senate testimony (FT) Wells Fargo earmarks up to $1bn for ‘...
...Because you look at the biggest banks, you know, the JPMorgan Chase’s, the Bank of America’s, the Wells Fargo’s — they’re deemed systemically important to the US economy and to the global economy....
...Joshua FranklinSo we really saw again how the big banks — JPMorgan, Wells Fargo, Citigroup — have really benefited from the Federal Reserve lifting interest rates over the last 15 months or so....
...Notably, several big-cap defensive names (Johnson & Johnson, Procter & Gamble, Walmart) have also done well in the past 5 weeks....
...By 2022, Wells Fargo and the Treasury had invested $50mn and $8bn, respectively, in MDIs and other smaller financial institutions....
...“I fear this is going the way of the Wells Fargo scale of scandal,” the person said, referring to the US bank being fined $3bn for fraudulently opening millions of customer accounts....
...They expect that if it’s a bad year for investment banking, then investment banking compensation is lower,” said Mike Mayo, analyst at Wells Fargo....
...Fargo....
...But this is the landscape as it emerged after the December 2019 election at which Boris Johnson was triumphant....
...“They’re as bright as we are and they’ll do as well,” he says....
...Last week ended with some of their rivals, such as JPMorgan, Citigroup and Wells Fargo, beating expectations, indicating that the turmoil in the US banking sector last month had little immediate effect on...
...In April, Wells Fargo, which originates more mortgages than any other US bank, laid off nearly 200 loan processors and their managers, blaming “cyclical changes in the broader home-lending environment”....
...It includes a lavish townhouse in Belgravia, London, purchased for £13.75mn in 2013, as well as a home and livery yard in Stratford-upon-Avon....
...In West Virginia, the state Treasurer on Thursday banned BlackRock, Goldman Sachs, JPMorgan, Morgan Stanley and Wells Fargo from banking contracts due to alleged boycotting of energy companies....
...Morgan Stanley veteran Jeff Hogan has joined Wells Fargo as co-head of global mergers and acquisitions....
...Big banks such as JPMorgan Chase, Citigroup and Wells Fargo braced for turbulence by collectively increasing their loan loss reserves by more than $1bn last quarter....
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