Hints and tips:
...Joe Miller(laughter) Well, these are incredibly risky trades, which is why the bank charges a hefty fee....
...Wells Fargo and Truist have strong businesses serving lawyers outside Manhattan, but Citi’s private bank dominates the market among New York’s attorneys, having launched a dedicated team to serve them more...
...And it’s happening at JPMorgan Chase, Bank of America, Wells Fargo and Citigroup. Analysts estimate that this pileup of bad debt will drag down the fourth-quarter earnings for these banks....
...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....
...This month, US homebuilder confidence slipped for the first time this year according to an index compiled by the National Association of Home Builders and Wells Fargo....
...Wells Fargo’s vice-chair of public affairs William Daley, the White House chief of staff to former president Barack Obama, will retire at the end of this year....
...The mantra has been, remains and will only increasingly be: do more with less,” said Mike Mayo, a banking analyst at Wells Fargo....
...Researchers at Wells Fargo who this week examined the raw material prices for components in a Tesla Model Y found “several ‘surprises’ that challenge the notion of imminent [battery electric vehicle] adoption...
...Fargo....
...“[Central bank policy is] driving the hedging cost for non-US countries because their central banks are very much behind what the Fed is doing in terms of rising interest rates,” said Logan Miller at Wells...
...“As long as we have innovative products, we have a certain pricing power as well.”...
...The US president announced last month he intends to appoint Saule Omarova as comptroller of the currency, which supervises national banks including Bank of America and Wells Fargo....
...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?...
...Wells Fargo Sector: BANKS / HQ: SAN FRANCISCO, US Wells Fargo hoped for a fresh start after years of scandals when it appointed Charlie Scharf as chief executive in late 2019, but turnround efforts took...
...“The market may be at a major inflection point,” said Margie Patel, a portfolio manager at Wells Fargo Asset Management....
...African governments can access a $2bn vaccine facility provided by the Cairo-based African Export-Import Bank as well as funding from the World Bank....
...Bank of America and Wells Fargo, by far the US energy sector’s two largest bank lenders, according to the S&P data, have set targets for their financing portfolios to reach net zero by 2050....
...Bank of America, Citigroup and Wells Fargo are also devoting more resources to win assignments from small- and midsized companies across the US....
...Provisions were higher in the US than in Europe, with more than $57bn across JPMorgan, Wells Fargo, Citigroup and Bank of America alone....
...Or look at the action of banks. This week JPMorgan Chase, Wells Fargo and Citi set aside a record $28bn for bad loans, more than expected....
...He said he expected dividend payments to largely be flat overall this year, and a dividend cut is already factored into Wells Fargo’s share price....
...Science editor Clive Cookson and Frankfurt correspondent Joe Miller dig into the detail of the Pfizer/BioNTech vaccine....
...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)....
..., a credit strategist at Wells Fargo Securities....
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