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...It has 5,500 members, including JPMorgan Chase, Citigroup, Wells Fargo and HSBC....
...BofA has moved to settle claims related to a trust managed by Bank of New York Mellon for $8.5bn....
...During 2009, however, Fannie and Freddie had ranked behind banks such as Citigroup, Bank of America and Wells Fargo, Thomson Reuters said....
...A flurry of takeovers (JPMorgan/Bear Stearns, BofA/Merrill, Wells Fargo/Wachovia) ensued. The result was much larger banks with an even higher concentration of risk....
...The fire sales of Wachovia and National City to Wells Fargo and PNC Financial, respectively, took place under regulatory pressure to stabilise the banks’ deposit bases after heavy mortgage-related losses...
...Bank of America quickly announced it had entered merger discussions with Merrill Lynch, while Barclays withdrew from the race....
...WaMu’s strong presence in the western US would make it attractive to banks such as Wells Fargo, JPMorgan Chase and HSBC, he said....
...Since July 15, the S&P 500 has rallied more than 3.1 per cent, triggered by falling oil prices and a 21.5 per cent gain for financial shares after surprisingly solid results from JPMorgan and Wells Fargo...
...Citi tops the list of losers, followed by Merrill Lynch with $46.1bn and UBS $38.2bn, according to Bloomberg data....
...Wells also exceeds the combined value of the investment banks Merrill Lynch, Lehman and Morgan Stanley....
...and Merrill Lynch....
...Wednesday A further slide in oil prices, and a trio of better-than-expected earnings from regional banks, led by Wells Fargo, set the scene for a dramatic surge in stocks....
...From 1997, she spent three years working as sales manager for Merrill Lynch’s international private client group (IPCG) in Buenos Aires before moving to London to take up her post as head of its IPCG in...
...Other financial stocks sharply higher on Monday included Wells Fargo , which rose 5.9 per cent to close at $34.76, as the bank announced it would buy back an additional 50m shares....
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