Hints and tips:
...Among large banks, only Wells Fargo has grown assets as fast over the past two decades, and its growing pains are well known. Some regionals have grown faster, but off much smaller bases....
...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 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....
...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....
...Peynaud’s successors at the University of Bordeaux, currently Marchal et al, produce a detailed report on the growing season every year....
...The recent rise of the Faangs, et al, looks like a knee-jerk reaction to the fall in rates and rate expectations that followed the banking mess (the 10-year yield has fallen from 4-ish per cent to 3.6-ish...
...Woman, Life, Freedom by Marjane Satrapi et al (Seven Stories Press) The much-feted author of the graphic novel Persepolis leads a collection of vivid, “visually stunning” accounts of the current unrest gripping...
...It includes a lavish townhouse in Belgravia, London, purchased for £13.75mn in 2013, as well as a home and livery yard in Stratford-upon-Avon....
...Now see the many state attorneys-general (acolytes, no doubt of Alito et. al.) who want to sanction corporations that adopt ESG....
...The suites vary, but all are 50sq m with courtyard entrances, and furnished with pieces by – or at least inspired by – Arne Jacobsen, Eero Saarinen, Joe Colombo, Isamu Noguchi, Charles and Ray Eames et al...
...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?...
...Citigroup delivered stronger than expected revenue growth, driven by consumer banking and fixed-income trading, while overhead costs dragged down revenue at Wells Fargo....
...(FT) Coaching v commanding Andrew Hill recounts how industrial group Linde won over sceptical staff in 2017 with a safety drive based on “active listening”....
...(FT) Executive moves Scott Powell, chief executive of Santander’s US operations, has been hired by Wells Fargo....
...al — arrived....
...(Incidentally, for my money, Cronenberg’s scuffed aesthetic has dated at least a little better than the gleaming postmodernism of Neo and Trinity et al.)...
...Saudi Aramco has hired Wells Fargo banker Robert Fernandez to manage its relationship with banks after the oil company completed the world’s biggest share sale....
...JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo kicked off earnings season on Tuesday....
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...Here are two charts from Calomiris et al. depicting the relative growth of this asset class versus smaller-sized dollar-denominated EM corporate debt....
...There’s not much precedent to support the idea that Shina et al can walk away based on a MAC clause: WPP was forced against its will to buy Tempus in 2001, Guy Hands couldn’t scrap a bid for East Surrey...
...How well did you keep up with the news this week? Take our quiz....
...Many French cinema owners, who are putting pressure on Cannes to resist Netflix et al, see the streamers’ disruptive attitude as an incursion into their territory....
...Job moves Wells Fargo has named Charles Scharf, the Bank of New York Mellon boss, as its new chief executive....
...Here’s how Wells Fargo and JPMorgan fared after releasing results on Friday....
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