Hints and tips:
...This week JPMorgan Chase, Wells Fargo and Citi set aside a record $28bn for bad loans, more than expected. This shows they fear a wave of corporate and consumer bankruptcies....
...“[Bear Stearns] is the deal that validated JPMorgan’s reputation for strength,” says Mike Mayo, a veteran Wall Street analyst, now with Wells Fargo....
...Only two banks in the US offer more than that on savings accounts, according to Bankrate.com. The equivalent rates at Bank of America, Citibank and Wells Fargo are 0.01 per cent a year....
...California and Florida – two regions that were beneficiaries of quick growth and victims of crashing home values – received 59 per cent of the aid from BofA, JPMorgan, and Wells Fargo, according to a report...
...US big bank earnings kicked off on Friday as Wells Fargo reported a 3.8 per cent increase in net income to $5.7bn, ending a 15-quarter streak of record profits....
...Bank of America had guaranteed California borrowers would receive $8bn in mortgage aid, while Wells Fargo and JPMorgan Chase committed at least $5bn to the state’s distressed homeowners, according to people...
...State officials, who for years have dealt with a litany of mortgage-related complaints from their constituents, would gain the ability to monitor the loan servicing operations of BofA, JPMorgan, Wells Fargo...
...This was expected but it’s still a potentially damaging blow to Bank of America, Wells Fargo, JP Morgan Chase, Citi, and GMAC, and to a housing recovery that is yet to even begin....
...On Friday, law enforcement officials sent the banks a revised term sheet that incorporates some of those suggestions, as well as a proposal that outlined the details of a monetary relief fund that would...
...Some Friday headlines via Reuters: 15:42 07Jan11 RTRS-MASSACHUSETTS’ TOP COURT RULES AGAINST US BANCORP N>, WELLS FARGO & CO N> IN FORECLOSURE-RELATED CASE — COURT RULING 15:43 07Jan11 RTRS-BANKS...
...With the “big three” national banks - JPMorgan Chase, Bank of America and Wells Fargo - still digesting the large acquisitions made during the turmoil, buyers are likely to be large regional players with...
...He has 12 years of experience in semiconductor industry. Frank Mitsch, BB&T Capital Markets/Wells Fargo Securities Frank J. Mitsch follows the chemicals sector for Wells Fargo Securities....
...Legal documents obtained by the Financial Times suggest that Wells Fargo, the second-largest US mortgage servicer, also used a “robo signer”....
...to profit after two years of losses - OFT opens inquiry into Ryanair’s stake in rival - Net mortgage lending slumps to just £112 million - WPP revenue growth is the ‘best in a decade’ -...
...Wells Fargo fell 0.7 per cent to $25.81, Citigroup slipped 0.6 per cent to $4.28 and Bank of America was down 1.7 per cent at $13.29. The St....
...of America and Wells Fargo....
...He graduated from the University of South Florida with a bachelor’s degree in finance and a minor in economics....
...lawyer representing Wells Fargo & Co., the trustee of the resort’s $192.5 million mortgage....
...However, Tim Bond, head of global asset allocation at Barclays Capital, argued that recent data releases had continued to build a strong case in favour of a “V-shaped” economic recovery....
...“There has been a focus on banks’ capital, liquidity and their mortgage exposure.”...
...The banks, which included JPMorgan Chase, Bank of America and Wells Fargo, declined the loan because only three of the Dafina’s 46 units had been sold. “It’s a big problem,” said Mr Cuneo....
...And Citigroup, sort of. Related links: Dissecting bank results – FT Alphaville The IBs of March – FT Alphaville The return of the IB capital call On Wells Fargo and banks’ well-being – FT Alphaville...
...But some of those earnings reports look a little … funny. Wells Fargo, for example, announced its best quarterly earnings ever....
...Citigroup and Wells Fargo on Monday agreed a truce until lunchtime on Wednesday in their bitter legal battle over the takeover of Wachovia, in an effort to gain more time to agree a deal to carve up the...
...WaMu’s strong presence in the western US would make it attractive to banks such as Wells Fargo, JPMorgan Chase and HSBC, he said....
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