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...Red-state treasurers blacklisted big financial groups including BlackRock, Goldman Sachs, State Street and Wells Fargo....
...Wells Fargo’s bank analyst Mike Mayo has a well-deserved (if not entirely unblemished) reputation for being an unusually acerbic member of the “great quarter guys!” industry....
...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...
...Bank of America, Barclays, Citigroup, Jump Trading, JPMorgan Chase, Morgan Stanley, Tower Research Capital and Wells Fargo are also investing in FMX....
...Last year, Wells Fargo signed a deal to lend billions to a new credit fund run by Centerbridge, a $40bn private equity firm that led the buyouts of restaurant chain P.F....
...Several banks, including Barclays and Wells Fargo, have partnered with asset managers to establish a toehold in private credit....
...Tim O’Hara, who joined Wells from BlackRock last year and is based in New York, now leads its investment bank....
...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...
...Ceci n’est pas une outlook report, says Man Group. Bonds! Bonds! Bonds! says Pimco....
...The latest bank looking to crack into private credit is Citigroup. It follows the likes of JPMorgan Chase, Barclays, Rabobank, Wells Fargo, Société Générale and Deutsche Bank....
...The move is the latest attempt by JPMorgan to beef up its legal wealth management business after two decades of trying to break the grip of Citi in New York, as well as that of Wells Fargo, which dominates...
...If Thames Water is unable to raise more money from Kemble, it could mean investors’ bank accounts will take a beating, as well as their reputations....
...Analysts are forecasting that JPMorgan and Wells Fargo will be the only banks whose profits rose in the third quarter compared to a year earlier, according to consensus data compiled by Bloomberg....
...The International Finance Corporation, the private sector-focused arm of the World Bank Group, and US-based asset manager T Rowe Price are collaborating on a new fund to invest in blue bonds issued by companies...
...Even Wells Fargo, which has struggled to move past longstanding regulatory issues, trades on one times book value. Challenges abound....
...Citi is a lesser player in small business lending compared with rivals such as JPMorgan Chase and Wells Fargo....
...Wells Fargo has hired Barclays’ telecommunications investment banker David Kase in New York, according to Bloomberg....
...Wells Fargo has named Frederick Terrell as vice-chair of investment banking, based in Los Angeles. He joins from Centerbridge Partners....
...The US is once again the promised land for some of Japan’s largest financial institutions. Mizuho, Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group are among the pilgrims....
...Citigroup, Wells Fargo, UBS and Deutsche Bank are also participating in the financing. This marks a potential return by lenders to financing large private equity buyouts....
...Only five financial groups have at present backed the campaign, according to people close to the efforts....
...But they were unimpressed by the bank’s 10 per cent increase in profits, eclipsed by Wells Fargo (68 per cent) and JPMorgan (38 per cent) last week....
...group....
...JPMorgan, Citi and Wells Fargo report earnings on Friday, followed by Bank of America on April 18....
...The nation’s four largest lenders — JPMorgan Chase, Bank of America, Wells Fargo and Citigroup — hold about 45 per cent of all bank deposits in the US, but represented less than 10 per cent of the outflows...
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