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...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...
...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....
...Last year, Wells Fargo signed a deal to lend billions to a new credit fund run by Centerbridge, a $40bn private equity firm that led the buyouts of restaurant chain P.F....
...The average reserves at JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs and Morgan Stanley have fallen from $1.60 to 90 cents for every dollar of commercial real estate debt on which...
...All of the nation’s largest lenders, including Bank of America, JPMorgan and Wells Fargo, submitted letters, none of which discussed share buybacks or dividends....
...BlackRock, Citigroup, JPMorgan Chase, Wells Fargo, BNY Mellon and Bank of America will all report fourth-quarter figures on Friday....
...Wells’ chief financial officer Michael Santomassimo said the bank, the fourth-largest in the US by assets, had been “pleasantly surprised” that competitive pressure to lift interest rates for deposits had...
...Barclays has appointed Na Wei as global head of leveraged finance. She previously led the firm’s Emea leveraged finance business....
...In the past year delinquent commercial property debt for the six big banks — JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs and Morgan Stanley — nearly tripled to $9.3bn....
...Wells Fargo has hired Derek Van Zandt from Citigroup to lead media and telecommunications banking, Bloomberg reported....
...The latest bank looking to crack into private credit is Citigroup. It follows the likes of JPMorgan Chase, Barclays, Rabobank, Wells Fargo, Société Générale and Deutsche Bank....
...Citi is a lesser player in small business lending compared with rivals such as JPMorgan Chase and Wells Fargo....
...Fargo Q3 World events Finally, here is a rundown of other events and milestones this week....
...JPMorgan Chase, Bank of America, Wells Fargo, and others, next year plan to launch Paze: a mobile wallet that will connect directly to the credit and debit card accounts of 150mn customers....
...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....
...Wells Fargo told investors it expected its headcount — which has fallen by 5,000 this year and 40,000 since the midpoint of 2020 — to decline further this year....
...JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley are predicted to have written off a collective $5bn tied to defaulted loans in the second quarter of this year, according...
...Michael Sheen stars as Bevan. February 24 to May 11; Find information and tickets here....
...Brian Brown-Easley (John Boyega) walks into a Wells Fargo bank in a suburb of Georgia....
...The tests showed that all of the banks tested, including Bank of America, Citigroup, State Street and Wells Fargo, would meet minimum capital requirements despite projected losses of $541bn....
...The analysts estimate that the capital “buffers” required would increase 20bp at Bank of America and State Street, and 10bp at JPMorgan and Wells Fargo....
...And “directional progress should not be confused with mission accomplished,” say Wells Fargo’s Sarah House and Michael Pugliese: We expect a more noticeable deceleration in core prices in the coming months...
...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....
...Wells Fargo chief financial officer Michael Santomassimo also said “spending data is still really healthy”....
...Wells Fargo has hired Barclays’ telecommunications investment banker David Kase in New York, according to Bloomberg....
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