Hints and tips:
...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....
...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....
...More seriously, Goetzman et al argue that art price changes are largely a function of wealth concentration....
...Red-state treasurers blacklisted big financial groups including BlackRock, Goldman Sachs, State Street and Wells Fargo....
...Results: BlackRock, Citigroup, JPMorgan Chase, PNC Financial Services, UnitedHealth and Wells Fargo all report today. One more thing: Our new Central Banks newsletter launches next Tuesday....
...Three other mega caps — Bank of America, Wells Fargo and Morgan Stanley — are among the largest 10 banks in the world by market value....
...It is a weekend well-worth the 2h drive from town — if you’re lucky enough to score tickets....
...Plus if you really miss Brian Cox et al, you can slowly flick through the archive photographs while humming a haunting piano theme....
...Here are the 30-day card delinquency rates for Bank of America, JPMorgan and Wells Fargo (Citi has an annoying comparability issue with its historical data so we left it out) the past five first quarters...
...The point is to be a convening place that can contribute by offering “le gîte et le couvert” — “a place to eat and a place to sleep” — she added....
...But it is increasingly being cut into illegal street drugs via a well-honed supply chain built by Chinese and Mexican crime syndicates....
...And it gives them a confidence as well. IHC is a little bit different because it’s not a state entity....
..., Covid et al) wouldn’t bring globalisation to a halt....
...In the US, at least, mom-and-pop investors and advisers build portfolios with the categories used by Morningstar et al....
...They look at Facebook’s past five years and its attempts — frequently belated, often ambiguous — to deal with the way that state actors (Russia et al), hoodlums (such as the Proud Boys), politicians (a list...
...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?...
...(FT) News round-up Al Gore fund to take stake in UK energy supplier Octopus (FT) Blackstone hits jackpot with $5.7bn Cosmopolitan casino sale (FT) Wells Fargo to pay $37m over foreign exchange fraud...
...Pressure group Majority Action targeted Wells Fargo chair Charles Noski (pictured) at the bank’s annual meeting....
...That he probably doesn't have any foreign assets, you know You mean there's not a bank account saying V Putin, the Kremlin. Yeah. But nonetheless, I suppose......
...The same, of course, applies to Le Pen et al in Europe. I don’t know Israel nearly well enough to prescribe a solution to the deep-seated Palestinian-Israeli crisis....
...It is slightly more realistic to hope that Facebook et al will be forced into more equitable revenue sharing with the media. Such platforms are a huge part of the problem....
...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....
...ESG was becoming a tool of risk management as well as activism. To some, this made ESG hypocritical....
...It is part mechanics and part psychology, and expectations play a large role. The deflationary narrative of disruptive technology expounded by Brynjolfsson, McAfee et al runs deep....
...Former US vice-president Al Gore told our colleagues at FT Moral Money that the pandemic marks a “turning point” in the fight against climate change. Sign up here to get Moral Money....
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