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...But Citi’s profit rise still trailed gains at rivals JPMorgan Chase and Wells Fargo, and executives warned of a weakening consumer economy....
...Wells’ chief financial officer Michael Santomassimo said the bank, the fourth-largest in the US by assets, had been “pleasantly surprised” that competitive pressure to lift interest rates for deposits had...
...All of the nation’s largest lenders, including Bank of America, JPMorgan and Wells Fargo, submitted letters, none of which discussed share buybacks or dividends....
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...Section 2 covers monopolisation — single firm dominance. If you want to break up a firm unilaterally for doing bad things, you would sue them under Section 2....
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