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...The US president announced last month he intends to appoint Saule Omarova as comptroller of the currency, which supervises national banks including Bank of America and Wells Fargo....
...In the US, $9.5bn of credit charges — including loan loss provisions — pushed Wells Fargo to a $2.4bn loss, while profit fell more than 50 per cent at Citi, Bank of America and JPMorgan....
...“We’re here to help,” said Brian Moynihan of Bank of America. “We are here to help,” said Michael Corbat of Citigroup. “We are all here to help,” said Charlie Scharf of Wells Fargo....
...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....
...According to them, this can be explained almost entirely by Citi, Bank of America, and Wells Fargo....
...Citigroup fell 11.9 per cent to $17.75 The embattled bank was in talks over the weekend with Wells Fargo and Banco Santander as well as Citigroup. Wells Fargo fell 10.9 per cent at $33.25....
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