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....
...Job moves Wells Fargo has hired Fernando Rivas to run its corporate and investment bank alongside Jon Weiss, The Wall Street Journal reports. He previously worked for JPMorgan....
...Wells Fargo and Wilmington Savings Fund Society are named in the suit having allegedly provided administration services to FCI. They have been contacted for comment. How big a deal might all this be?...
...Wells Fargo has hired Derek Van Zandt from Citigroup to lead media and telecommunications banking, Bloomberg reported....
...Hedge fund Verition Fund Management has hired former Morgan Stanley executive Saad Mahmood to lead its new outpost in Dubai, per Reuters....
...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...
...The new company, later named Apollo Global Management, after the sun god, was led by Black and five other former Drexel executives....
...Share your ideas with us at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...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....
...This week JPMorgan Chase, Wells Fargo and Citi set aside a record $28bn for bad loans, more than expected. This shows they fear a wave of corporate and consumer bankruptcies....
...But a lengthy cycle of loan losses and business failures remains a legitimate risk scenario (just look at the initial reaction to the results from Wells Fargo)....
...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....
...Wells Fargo has hired Scott Powell, the chief executive of Santander’s US operations, to be the bank’s chief operating officer. More here....
...He previously led the middle market consumer and retail M&A effort at Wells Fargo Securities....
...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....
...(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...
...(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...
...The OAG then went on to outline the series of unsuccessful banking relationships Tether and Bitfinex were forced to pursue after Wells Fargo had suspended its relationship with the group due to concerns...
...Recent research from Wells Fargo, based on Nielsen data, found that Juul’s sales grew by almost 800 per cent over the past year....
...Big asset managers such as Vanguard and Fidelity have responded by launching similar services, while broker-dealers such as Bank of America and Wells Fargo have also joined the fray....
...The survey, known as ETFGI’s treasure map, shows that about $256bn of ETF assets are also held by Wells Fargo, Morgan Stanley, Goldman Sachs, UBS, BMO, JPMorgan and Citigroup, which control massive positions...
...A 2009 Supreme Court case involving prescription drug labels, Wyeth v Levine, greenlighted state laws that are stricter than federal laws....
...“An acquisition by a blank check company with a management team that is well-known to, and respected by, technology company founders, their current third-party investors and their management teams, we believe...
...GMO, Franklin Templeton, Wells Fargo Asset Management and Legg Mason were among the large US managers that have been hit hardest by investor withdrawals in 2016....
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