Hints and tips:
...Wells Fargo has hired Derek Van Zandt from Citigroup to lead media and telecommunications banking, Bloomberg reported....
...Its $440bn credit arm makes more business loans than some midsize banks, making it not so much an investment outfit as an alternative financial system....
...(Reuters, FT) JPMorgan and Wells Fargo earnings Earnings season kicks off on Tuesday with two of the biggest US banks giving investors the best impression yet of how the pandemic is weighing on the financial...
...Wells Fargo, where profits fell 90 per cent, did the same. Johnson & Johnson, the drug and consumer products group, managed to raise its dividend but cut its guidance for the year....
...He previously led the middle market consumer and retail M&A effort at Wells Fargo Securities....
...Just 30% expect a V shaped recovery in the stock market....
...Wells Fargo has hired Scott Powell, the chief executive of Santander’s US operations, to be the bank’s chief operating officer. More here....
...Bank of America has hired Citigroup’s Sam Kumar as a managing director to co-head the investment bank’s regional and emerging private companies group....
...Before joining the real estate investment bank, Silverman was a managing director and head of the investment sales group at Hodges Ward Elliott while McCoy served as president of the Stonemont Income Fund...
...This time Christian Noyer was meeting policymakers at the Bank of England, as well as a clutch of bankers and asset managers....
...Sign up to receive a daily digest of the big issues straight to your inbox. Once again, Wells Fargo is in trouble....
...Shortly before the Soho companies bought the apartments, more than $3.1m flowed out of Ms Kudryashova’s Wells Fargo account to the firm of Martin Jajan, a New York lawyer....
...Westerback joins from the private funds group at UBS Investment Bank where he spent a decade....
...Bank of America, Wells Fargo and JPMorgan are feeling the squeeze, caught between a dithering Fed and tepid demand....
...The directors and one investment bank, Moelis, settled before a trial. But another bank, Royal Bank of Canada, contested the charges in court and winded up losing....
...Mr Ronson has been under pressure from lenders, which include Wells Fargo and Nationwide, after he failed to agree with other shareholders how to refinance £315m of debt....
...She worked on the government’s response to the financial crisis and was a key architect of the UK bank recapitalisation plan and G20 London summit....
...(Financial Times) City job numbers fall 18 per cent: New job vacancies in the City slumped by a further 18 per cent last month compared with a year ago as redundancies and scandals at the banks took their...
...N.V. Tyagarajan, Genpact’s chief executive, said: “We are excited about this transaction, which is hugely positive for all of our shareholders....
...Masterpieces of Chinese Painting: 700-1900, edited by Zhang Hongxing, V&A Publishing, RRP£40/$60 The world’s oldest painting tradition explored in the glorious catalogue to the V&A’s current, once-in-a-lifetime...
...Frank Mitsch, BB&T Capital Markets/Wells Fargo Securities Frank J. Mitsch follows the chemicals sector for Wells Fargo Securities....
...He joined the bank in 1993 as an Analyst in the Investment Banking Division, and became Executive Director of Investment Banking Services in 1999....
...In the latest development in the saga of investment banks v munis in re derivatives, a judge ruled on Thursday that a dozen financial institutions will have to defend themselves against allegations of bid...
...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....
...Instead, the money went into a string of unregistered vehicles with names like UBS Diversified Growth LLC and then on Ponzi-style payments to earlier investors, as well as the mansion, a Panamanian casino...
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