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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....
...Tolstedt, the only banker at any level at Wells Fargo who was charged criminally in connection with massive fraud, faced as much as 16 months in prison. In March, in a deal with the U.S....
...Please tell us if think the Wells Fargo asset cap will be lifted in the comments section below....
...Look out the first of the large financial groups reporting their results, including JPMorgan, Citi, State Street, Wells Fargo and BlackRock on Friday....
...The National Association of Home Builders/Wells Fargo Housing Market Index rose to a reading of 37, up from 34 in October, marking the first increase in four months....
...Its price to book value of nearly 3 times trumps that for mortgage-heavy Wall Street banks like JPMorgan, Bank of America and Wells Fargo. But Rocket doesn’t have appreciably higher return on equity....
...Lloyds and Wells Fargo make an interesting comparison, and again Lloyds is tempting....
...Wells Fargo and Truist have strong businesses serving lawyers outside Manhattan, but Citi’s private bank dominates the market among New York’s attorneys, having launched a dedicated team to serve them more...
...You’ve got the very, very biggest banks, JPMorgan, Bank of America’s Wells Fargo that have been making a lot of money....
...Wells Fargo: Carrie Tolstedt, the only former Wells Fargo executive criminally charged over the bank’s fake accounts scandal, will be sentenced in federal court in California....
...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...
...Home improvement store Home Depot also reports earnings as well as energy groups Diamondback Energy and Chesapeake Energy and homebuilder Toll Brothers....
...The National Association of Home Builders/Wells Fargo housing market index fell from 56 to 50 this month, signalling a slowdown in business for companies that build single-family homes....
...Neither the monster national players (JPMorgan Chase, Bank of America, Wells Fargo, Citigroup) nor the regionals (PNC, M&T, et al) have had much to say about the economy’s effect on credit quality....
...Wells Fargo is a case in point....
...Wells Fargo’s common equity tier one ratio, which reflects its financial resilience, fell to 10.6 per cent from 11.4 per cent....
...Housing market: US home builder confidence is expected to be in positive territory for the second straight month, taking the National Association of Home Builders/Wells Fargo housing market index to 56 from...
...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....
...Wells Fargo has named Doug Braunstein as a vice-chair. He has previously been a senior investment banker and executive at JPMorgan....
...The only former Wells Fargo executive criminally charged over the bank’s 2016 fake accounts scandal, will be sentenced in federal court in California today....
...occurred under Wells Fargo’s current leadership....
...Farfetch’s white label product, which provides ecommerce technology, is a small but promising part of its business, according to analysts at Wells Fargo....
...Wells denied mortgage modifications that should have been allowed, leading some borrowers to lose their homes....
...This month, US homebuilder confidence slipped for the first time this year according to an index compiled by the National Association of Home Builders and Wells Fargo....
...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....
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