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...A significant part of the Signa group debt was provided by non-bank financial companies such as Dortmund-based insurer Signal Iduna, a midsized company with 12mn customers, mainly in health and life insurance...
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...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...The biggest contributors — Bank of America, Citigroup, JPMorgan and Wells Fargo — each put in $5bn, with the rest depositing between $1bn and $2.5bn each....
...moment immortalised in one of the most famous rock ’n’ roll photographs of all time....
...“Goliath is winning,” Wells Fargo banking analyst Mike Mayo said in a research note on Monday as he singled out JPMorgan as a beneficiary “in these less certain times”....
...The four biggest US banks — JPMorgan, Citigroup, Wells Fargo and Bank of America — lost $52.4bn of market value in Thursday trading....
...A significant number of shareholders backed demands for climate change plans from Goldman Sachs, Wells Fargo and Bank of America at meetings this week against the wishes of the banks’ boards....
...Many companies offer employees the option of investing all or part of their bonus directly into their pension — up to a limit....
...Moreover, such a scheme would give the central bank a better view of the solvency of banks — it’s hard to see how it could miss the impact of interest rates on the market value of banks’ balance sheets if...
...Friday March 17: A deposit injection of $30bn into First Republic by JPMorgan, Citigroup, Wells Fargo and others was an intelligent attempt to calm market panic, we reckoned....
...The comments from top brass at Goldman Sachs, Bank of America and Wells Fargo reflect the growing belief that the Federal Reserve may achieve a so-called soft landing for the US economy this year. 4....
...A huge chunk of that — Rs205bn — came from the sale of a 3.5 per cent stake in state-run Life Insurance Corporation (LIC) in May through a long-delayed initial public offering....
...Wells Fargo has hired Evercore’s Sesh Raghavan as a managing director and its new head of power, utilities and renewables mergers and acquisitions....
...When Dezer recently approached Wells Fargo, his longtime lender, he discovered the bank was only willing to provide $100mn of the $550mn loan he needed for the Bentley — and at higher rates than in the past...
...It spent most of its life as a straightforward private-equity-backed insurance brokerage firm and expanded quickly through a series of acquisitions....
...Beijing has adopted a novel approach to win over vaccine sceptics: it is offering insurance against jab-related side effects....
...For a sense of scale, last quarter, one of the biggest US consumer banks Wells Fargo reported $864bn in consumer deposits....
...Buffett has also moved on, dumping the last of his Goldman shares in 2020 as part of a broader pullout from US banks including Wells Fargo and JPMorgan Chase....
...Passing the begging bowl around as if at a charity fundraiser is no way to fund this life-saving work now and into the future....
...Although UK regulators have given the vote a green light, it is right to question whether private equity companies are the right kind of owners for businesses whose long-term liabilities stretch well beyond...
...Campaigners say fuel financing is dominated by JPMorgan Chase, Wells Fargo, Citi and Bank of America — all of whom are members of the Net-Zero Banking Alliance....
...Travel spending by big US companies was “well over 50 per cent” of pre-pandemic levels in March, the chief financial officer of American Express told the FT last week....
...Companies converted production lines to serve a public purpose: brewers and cosmetics firms made hand gel, fashion companies made personal protective equipment and even Formula One engineers made low cost...
...They are looking for a long-term, not temporary solution to their unsatisfactory life in China.”...
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