Hints and tips:
Related Special Reports
...Wells Fargo took a hit after another City office sale was agreed in October, according to React News, and two Canary Wharf buildings entered receivership earlier this year....
...Additional reporting by Ian Smith and Cynthia O’Murchu in London...
...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...
...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....
...Chart of the day Results from four of the US’s largest banks on Friday — JPMorgan Chase, Bank of America, Citigroup and Wells Fargo — showed their lending businesses benefited significantly from higher...
...And here’s what I’m keeping tabs on today and over the weekend: Results: Several large US banks report annual results today, including Citigroup, JPMorgan Chase, Wells Fargo and Bank of America....
...Workers at a Wells Fargo bank branch in Albuquerque yesterday voted to form a union, making them the first employees of a major US bank to unionise in the latest sign of the resurgence of the labour movement...
...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....
...Citi and Wells Fargo also recorded drops in lending. The pullback in lending hit JPMorgan Chase particularly hard....
...Lloyds and Wells Fargo make an interesting comparison, and again Lloyds is tempting....
...Wells Fargo is setting aside as much as $1bn for “unanticipated” severance costs in the fourth quarter of this year....
...Earnings at JPMorgan Chase, Bank of America, Wells Fargo and Citigroup were up 23 per cent. By contrast profits at all other institutions dropped by an average 19 per cent in the quarter....
...Wells Fargo has partnered with asset manager Centerbridge to launch a $5bn private credit fund that will lend to mid-sized US companies....
...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...
...UK “magic circle” firm Freshfields Bruckhaus Deringer will also pay its US lawyers in line with the Cravath scale, a person familiar with the situation said, as well as Herbert Smith Freehills....
...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....
...Here’s what else I’m keeping tabs on today and over the weekend: Results: US banks begin their reporting season today with JPMorgan Chase, Citigroup and Wells Fargo set to publish second-quarter results...
...BNP Paribas has appointed 10 bankers to senior roles including Wells Fargo’s Vanessa Dager to lead M&A in North America....
...It is a weekend well-worth the 2h drive from town — if you’re lucky enough to score tickets....
...Apart from that, here’s what else I’ll be keeping tabs on today: Results: Citi, JPMorgan Chase, Wells Fargo and BlackRock report. Read this preview of what to expect....
...“What we’re looking at is an environment where the effects of Fed tightening and the efforts to slow the economy are beginning to take hold,” said Sarah House, senior economist at Wells Fargo....
...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....
...However, just a fraction of the more than 4,000 banks in the US have signed up for FedNow, including large lenders such as JPMorgan Chase and Wells Fargo, alongside service providers Fiserv and Jack Henry...
...Last week Wells Fargo reported that its non-performing commercial real estate loans had jumped nearly 50 per cent since December to $1.5bn....
International Edition