Hints and tips:
...Its new fund — known as Strategic Investment Partners V — plans to buy risky debt, including junior loans and convertible bonds, as well as preferred stock....
...Wells Fargo has hired Derek Van Zandt from Citigroup to lead media and telecommunications banking, Bloomberg reported....
...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....
...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...
...Banks led by Goldman Sachs and JPMorgan Chase and including Citigroup, Wells Fargo, UBS and Deutsche Bank are arranging $8.4bn in loans to finance the deal, sources told the FT....
...In recent quarters the Daily Journal had borrowed on margin to invest in a stock portfolio that also includes stakes in Bank of America, Wells Fargo and South Korean steelmaker Posco, according to public...
...With renewed scrutiny of Epstein’s crimes, financial institutions began to put new investments with Apollo on hold....
...Share your ideas with us at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...“Black-related headline issues may be inching toward the front burner,” said Finian O’Shea, an analyst at Wells Fargo who has supported Apollo’s new emphasis on credit investing after a recent merger with...
...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?...
...She was previously a senior vice-president and head of targeted sourcing at Wells Fargo....
...Another well-known investment house — Soros Fund Management — has been topping up its bank holdings....
...Well, specifically your DNA....
...Provisions were higher in the US than in Europe, with more than $57bn across JPMorgan, Wells Fargo, Citigroup and Bank of America alone....
...Bank of America, Citigroup and Wells Fargo together provided another $1.2tn of lines, while Morgan Stanley and Goldman Sachs had a combined $260bn, according to recent filings with US securities regulators...
...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....
...He previously led the middle market consumer and retail M&A effort at Wells Fargo Securities....
...(Reuters, FT) JPMorgan and Wells Fargo earnings Earnings season kicks off on Tuesday with two of the biggest US banks giving investors the best impression yet of how the pandemic is weighing on the financial...
...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....
...Wells Fargo has hired Scott Powell, the chief executive of Santander’s US operations, to be the bank’s chief operating officer. More here....
...Wells Fargo, where profits fell 90 per cent, did the same. Johnson & Johnson, the drug and consumer products group, managed to raise its dividend but cut its guidance for the year....
...(BBG) News round-up Bayer to sell animal health business to Elanco for $7.6bn (FT) As Wells Fargo seeks new CEO, toll on stock hits $24bn (BBG) French retailer Casino plans to offload €2bn more in assets...
...(v) Restructuring continues. Of course it does. But what about that Tesla, eh?...
...(BBG) News round-up Wells Fargo/Eastdil: private property (FT) Renault investors rush to sign up for carmaker’s annual showdown (FT) Wells Fargo CEO search drags on as two top candidates take a pass...
...Once again, Wells Fargo is in trouble....
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