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...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....
...Ergo, R+V, Allianz and Volkswohl-Bund declined to comment. Signa did not respond to a request for comment....
...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...
...Citi and Wells Fargo also recorded drops in lending. The pullback in lending hit JPMorgan Chase particularly hard....
...This served Mondi well in 2020 in particular. DS Smith is a far more Western Europe centric producer....
...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....
...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....
...The Wells Fargo Investment Institute has five hot ideas for your portfolio this year....
...Wells Fargo has partnered with asset manager Centerbridge to launch a $5bn private credit fund that will lend to mid-sized US companies....
...AT&T has a lot of debt. The US telecommunications company’s total borrowings stretch well north of $130bn, a bigger debt pile than many countries....
...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...
...Although US firms have entered a slower period for deals, increases in billing rates have helped push up revenue in 2023, according to a survey of more than 120 firms by Wells Fargo’s Legal Specialty Group...
...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...
...It is a weekend well-worth the 2h drive from town — if you’re lucky enough to score tickets....
...Fargo Q3 World events Finally, here is a rundown of other events and milestones this week....
...BNP Paribas has appointed 10 bankers to senior roles including Wells Fargo’s Vanessa Dager to lead M&A in North America....
...US equity markets are expected to open higher as well. Nasdaq 100 futures pointed to a 1.6 per cent gain at the open, while the S&P 500 was predicted to rise 0.6 per cent....
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