Hints and tips:
...Leadership is a dominant theme of the FT news diary, whether you are Sir Keir Starmer trying to prove you’re a prime minister in waiting, a US House Republican in need of a Speaker or the head of a Wall...
...“F.E.E.L.I.N.G.C.A.L.L.E.D.L.O.V.E” and “Sorted for E’s & Wizz” were ticked off like rites of passage from someone moving from Sheffield outsider to Britpop in-crowd....
...It is a weekend well-worth the 2h drive from town — if you’re lucky enough to score tickets....
...Analysts estimate JPMorgan Chase, Bank of America, Citigroup and Wells Fargo to report collective net interest income for the final three months of 2022 of almost $60bn, up 30 per cent year on year, according...
...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....
...Or look at the action of banks. This week JPMorgan Chase, Wells Fargo and Citi set aside a record $28bn for bad loans, more than expected....
...But a lengthy cycle of loan losses and business failures remains a legitimate risk scenario (just look at the initial reaction to the results from Wells Fargo)....
...“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....
...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....
...Amid tougher regulation, a whopping fine from the US Department of Justice and the increasing dominance of US competitors, the bank’s share price, which McFarlane had said in a well-flagged 2015 declaration...
...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....
...Called Wells Fargo Digital Cash, it will allow users to move money quickly across the bank’s global network. A pilot programme will launch next year....
...Airbus – cut to N from OW; remove from AFL: AIR looks in a better position than Boeing, which is also dealing with the MAX grounding and a weak balance sheet....
...(BBG) News round-up Wells Fargo/Eastdil: private property (FT) Renault investors rush to sign up for carmaker’s annual showdown (FT) Wells Fargo CEO search drags on as two top candidates take a pass...
...What's more, out of the four biggest banks (JPMorgan, Wells Fargo, Bank of America and Citi) it was very specifically JPMorgan that did most of the lending during the period, according to Kang....
...(FT) Bank exec dies after mid-air explosion Jennifer Riordan, a 43-year-old Wells Fargo vice-president, was partially sucked out of a Southwest Airlines jet at 32,000ft after an engine exploded, shattering...
...With the launch of the offer for all preference shares in Unilever N.V. we are also taking important steps to simplify our capital structure and improve corporate governance.”...
...According to them, this can be explained almost entirely by Citi, Bank of America, and Wells Fargo....
...Analysts on Wall Street have forecast earnings of $1.30 a share and expect sales to rise 2.6 per cent to $7.3bn....
...US big bank earnings kicked off on Friday as Wells Fargo reported a 3.8 per cent increase in net income to $5.7bn, ending a 15-quarter streak of record profits....
...These absurdist and ironic twists were all very well, I said to the V&A exhibition’s co-curators Catherine Flood and Gavin Grindon, but were they effective?...
...Earnings JPMorgan Chase Q1 $1.41 ($1.59) Wells Fargo FY $0.962 ($0.92) Trading and sales update Givaudan Results forecasts, from Thomson Reuters, are for fully diluted, post-tax EPS in local currency...
...Wells Fargo had swallowed Wachovia, JPMorgan had been given both Bear Stearns and Washington Mutual....
...Wall Street analysts expect the Kentucky-based company to earn 93 cents a share on $3.54bn in revenues....
...NYSE was advised by Perella Weinberg, BNP Paribas, Blackstone, Citigroup, Goldman Sachs and Moelis, and received legal counsel from Wachtell, Lipton, Rosen & Katz and Stibbe N.V....
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