Hints and tips:
...As well as volatile markets, there were volatile tempers....
...One thing to start: Three of America’s biggest banks set aside a record $28bn for current and future loan losses in the second quarter, pushing Wells Fargo to a quarterly loss and leaving JPMorgan Chase...
...Bank of America, Citigroup and Wells Fargo together provided another $1.2tn of lines, while Morgan Stanley and Goldman Sachs had a combined $260bn, according to recent filings with US securities regulators...
...Big asset managers such as Vanguard and Fidelity have responded by launching similar services, while broker-dealers such as Bank of America and Wells Fargo have also joined the fray....
...• Nicolaas Marais has joined Wells Fargo Asset Management as president with responsibility for multi-asset class solutions, research and product management....
...Theresa Chacopulos, a senior vice-president and private wealth adviser at Morgan Stanley, left Wells Fargo after 29 years, taking clients with whom she had built strong relationships....
...Morgan Stanley gained 4.9 per cent to $19.51, while Wells Fargo rose 2.1 per cent to $34.07....
...Frank Mitsch, BB&T Capital Markets/Wells Fargo Securities Frank J. Mitsch follows the chemicals sector for Wells Fargo Securities....
...Wells Fargo – are also stepping up efforts to attract wirehouse advisers who want more freedom without sacrificing the support of a brokerage’s operations....
...Prior to re-joining Wachovia (now Wells Fargo Securities) in July 2005, Mr Liebowitz was an associate research analyst at Jefferies & Co and ING Barings....
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