Hints and tips:
...Wall Street’s “fear gauge” — the Cboe Vix — sat at 30, well above its long-term average of just below 20....
...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...
...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....
...(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...
...Bonnie Herzog, a Wells Fargo strategist who supports the deal, said she had fielded “a mountain of calls” from investors in both companies who were “frustrated with the potential deal mechanics”....
...Fargo Securities on financials; Wachtell, Lipton, Rosen & Katz and Latham & Watkins on the legal; Joele Frank on PR)....
...Patagonia, based in Ventura, California, is well known for high-end outdoor clothing, with revenues approaching $1bn a year....
...But Deepwater Horizon remains a drag on finances compared with rivals....
...Like Fox, Disney owns a film and television studio and employs people in marketing, content distribution and finance....
...Picaud will be replaced at Essilor by Hilary Halper, who joined the company only a year ago as head of M&A after previous stints at GlaxoSmithKline, Wells Fargo and Deutsche Bank....
...Compounding the problem, rental companies now have an incentive to sell their vehicles even more quickly, so as to diminish the amount of stock they need to finance....
...Wells Fargo is believed to be the most likely acquirer for the US commercial lending business, which is worth about $74bn, said people familiar with the matter....
...That process was accelerated on Friday with the sale of $26.5bn of property assets to private equity firm Blackstone and Wells Fargo, the US bank....
...Wells Fargo teamed up with Blackstone on Friday to snatch $9bn in performing loans from GE Capital. Garage sales draw an interesting crowd. Email the Lex team at lex@ft.com...
...It raised $20m in its latest round of funding, where investors included Wells Fargo & Co and Mexican businessman Carlos Slim. 21....
...(Financial Times) US prosecutors are suing Wells Fargo, accusing it of lying about the quality of mortgages it issued with Federal Housing Authority insurance....
...Citigroup is now worth less than half as much as a retail specialist such as Wells Fargo, which has quietly become the biggest bank in the US by market capitalisation....
...Shares in Wells Fargo rose on Tuesday as the bank said it had settled a long running legal dispute....
...It is all part of the natural maturation of the Chinese economy: IP piracy is a well-known path to economic growth – and not only the Chinese have trodden it....
...Mr Noski’s move to become a vice-chairman and his replacement by chief risk officer Bruce Thompson came two months after Howard Atkins abruptly resigned as CFO of Wells Fargo, the San Francisco-based lender...
...Frank Mitsch, BB&T Capital Markets/Wells Fargo Securities Frank J. Mitsch follows the chemicals sector for Wells Fargo Securities....
...Verigy jumped 41.7 per cent to $12.95 after the maker of semiconductor testing equipment said it had received an unsolicited bid from Tokyo-based Advantest Corp....
...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....
...The Welch centre is GE’s biggest outside the US....
...But with its emphasis on “green” products, healthcare and infrastructure equipment, the group looks very different from the finance-heavy earnings machine assembled by “Neutron Jack”....
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