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...The event highlighted the US scheme, which has attracted interest from Amazon, Mastercard and Bank of America but is still seeking corporate buyers for its credits....
...But only a handful including Barclays and Wells Fargo include lending and capital markets activities in their target for cutting their carbon footprints from the oil and gas sector on an absolute basis as...
...Organisers say that workers at several of Wells Fargo’s corporate offices are also interested in forming unions. The votes cover a very small fraction of Wells Fargo’s overall workforce....
...Other top banks Citigroup, JPMorgan Chase and Wells Fargo also recorded drops in lending in the first three months of the year as they revealed results late last week....
...But banks are finally having to pass on higher savings rates to depositors, according to JPMorgan and Wells Fargo, which also reported earnings....
...Several banks, including Barclays and Wells Fargo, have partnered with asset managers to establish a toehold in private credit....
...But it jumped 34 per cent at JPMorgan to $89.7bn, more than double the increase of the next bank, Wells Fargo, which reported a 16.5 per cent rise....
...He will join the panel on a two-year secondment from the bank beginning in May. Wells Fargo has named Doug Braunstein as a vice-chair....
...The bank also looks well positioned for tougher capital requirements under new Basel III standards....
...Citi and Wells Fargo also recorded drops in lending. The pullback in lending hit JPMorgan Chase particularly hard....
...Department of Justice, she pleaded guilty to obstructing in the investigations of regulators, who were looking into allegations of misconduct at the bank....
...LinkSquares specialises in AI software for companies’ legal departments. Ranked 43rd in the FT-Statista table, it reported revenue of $24mn in 2022, up from $2mn in 2019....
...Wells Fargo has partnered with asset manager Centerbridge to launch a $5bn private credit fund that will lend to midsized US companies, as banks race to find a toehold in the rapidly growing private credit...
...The US has eight G-SIBs: JPMorgan, Citigroup, Bank of America, Goldman Sachs, Morgan Stanley, Bank of New York Mellon, State Street and Wells Fargo....
...Together they helped craft the OECD’s principles of corporate governance, now the G20/OECD principles, which provide the global benchmark for the legal, regulatory and institutional framework for corporate...
...Jason Ho, Asia leader at FTI Capital Advisors, which focuses on corporate finance and restructuring in the region, said many big state-backed banks had been involved in offshore lending, but one or two including...
...Banks that have issued bonds since the start of 2024 include JPMorgan, Wells Fargo and Morgan Stanley, raising $8.5bn, $8bn and $6.75bn respectively....
...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....
...Tim O’Hara, who joined Wells from BlackRock last year and is based in New York, now leads its investment bank....
...A subsequent IDF investigation dismissed two junior officers from the unit, although legal action was never taken....
...Under Gary Gensler, SEC chair, the regulator has enacted a sweeping series of corporate and market reforms....
...Famed lawyer Ira Millstein dies Ira Millstein, the legendary corporate lawyer and legal scholar, has died at age 97....
...John Hines, global head of investment-grade debt capital markets at Wells Fargo, pointed out that borrowers did “tend to get their annual financings done generally before the fourth quarter”....
...In the meantime, Sorrento’s remarkable position — that any company can file for bankruptcy far afield from their headquarters, operations or legal domicile by merely opening a bank account and PO box immediately...
...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...
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