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...“The financing gap is staggering, it’s trillions, but you don’t hear about trillions coming into the continent, it’s just trickling in,” Hassatou Diop N’Sele, vice-president of the African Development Bank...
...Earnings at Wells Fargo jumped 9 per cent in the fourth quarter, despite an increase in loan loss provisions, as the US bank cut costs....
...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....
...Lloyds and Wells Fargo make an interesting comparison, and again Lloyds is tempting....
...The Wells Fargo Investment Institute has five hot ideas for your portfolio this year....
...Wells Fargo chief executive Charlie Scharf last week told analysts and investors that the bank, which has $142bn in commercial real estate loans outstanding, is managing its exposure to the area....
...JPMorgan Chase, Citigroup, Wells Fargo and Morgan Stanley have all ruled out any financing role, according to people familiar the matter....
...Fargo Q3 World events Finally, here is a rundown of other events and milestones this week....
...Red-state treasurers blacklisted big financial groups including BlackRock, Goldman Sachs, State Street and Wells Fargo....
...“F.E.E.L.I.N.G.C.A.L.L.E.D.L.O.V.E” and “Sorted for E’s & Wizz” were ticked off like rites of passage from someone moving from Sheffield outsider to Britpop in-crowd....
...It is a weekend well-worth the 2h drive from town — if you’re lucky enough to score tickets....
...Fargo analysts wrote on Monday....
...Oliver Balch spoke to a range of chief executives to hear their stories....
...Analysts estimate JPMorgan Chase, Bank of America, Citigroup and Wells Fargo to report collective net interest income for the final three months of 2022 of almost $60bn, up 30 per cent year on year, according...
...The trio will be replaced by former UniCredit chief financial officer Mirko Bianchi, LSE professor Keyu Jin and former Wells Fargo chief risk officer Amanda Norton....
...The company also said it would abandon its attempt to open a bank in Ireland and focus on its banking-as-a-service (BaaS) platform instead....
...European investment firm Verdane has hired Helena Svancar, a former executive at Swedish telecoms group Ericsson and senior dealmaker at Deutsche Bank, as a partner....
...In January, the bank bought an 83 per cent stake in a Swiss cryptocurrency start-up....
...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?...
...“The banks are all in the ring and they’re all ready to fight for revenues. Fighting for revenues means spending more on growth,” said Mike Mayo, bank analyst at Wells Fargo....
...“The market may be at a major inflection point,” said Margie Patel, a portfolio manager at Wells Fargo Asset Management....
...He hasn’t announced a blank-cheque deal since January, when his Social Capital Hedosophia Holdings Corp V announced a tie-up with the digital lender SoFi....
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