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...Former Wells Fargo chief executive Tim Sloan, who led the bank’s early efforts to address a burgeoning fake accounts scandal, has sued the lender for more than $34mn over its decision to cancel stock grants...
...Wells Fargo’s bank analyst Mike Mayo has a well-deserved (if not entirely unblemished) reputation for being an unusually acerbic member of the “great quarter guys!” industry....
...Real estate financing has traditionally been dominated by banks such as Barclays, Lloyds and NatWest in the UK, and investment banks including JPMorgan, Morgan Stanley and Wells Fargo in the US, according...
...Wells Fargo has hired Derek Van Zandt from Citigroup to lead media and telecommunications banking, Bloomberg reported....
...He will join the panel on a two-year secondment from the bank beginning in May. Wells Fargo has named Doug Braunstein as a vice-chair....
...Stocks we highlight: Wells Fargo, US Bancorp, Goldman Sachs, Morgan Stanley, Fifth Third, Keycorp, BNY Mellon, Northern Trust, Western Alliance, East West....
...The move is the latest attempt by JPMorgan to beef up its legal wealth management business after two decades of trying to break the grip of Citi in New York, as well as that of Wells Fargo, which dominates...
...And here’s what I’m keeping tabs on today and over the weekend: Results: Several large US banks report annual results today, including Citigroup, JPMorgan Chase, Wells Fargo and Bank of America....
...JPMorgan Chase, Citigroup, Wells Fargo and Morgan Stanley have all ruled out any financing role, according to people familiar the matter....
...Citi is a lesser player in small business lending compared with rivals such as JPMorgan Chase and Wells Fargo....
...Wells Fargo had $91bn and Bank of America had $60bn....
...Wells Fargo has partnered with asset manager Centerbridge to launch a $5bn private credit fund that will lend to midsized US companies, as banks race to find a toehold in the rapidly growing private credit...
...Banks such as Wells Fargo and JPMorgan have their own specialist teams of bankers in Silicon Valley to work with start-ups and could fill some of the gaps left by the collapse of SVB....
...The biggest contributors — Bank of America, Citigroup, JPMorgan and Wells Fargo — each put in $5bn, with the rest depositing between $1bn and $2.5bn each....
...Fiona Gallagher, Dublin-based head of Wells Fargo International, is among the most visible, through her role as chair of the Federation of International Banks in Ireland, an industry group....
...The mantra has been, remains and will only increasingly be: do more with less,” said Mike Mayo, a banking analyst at Wells Fargo....
...Friday March 17: A deposit injection of $30bn into First Republic by JPMorgan, Citigroup, Wells Fargo and others was an intelligent attempt to calm market panic, we reckoned....
...Most critical was the support of America’s four largest banks, JPMorgan, Bank of America, Citigroup and Well Fargo because of their giant deposit bases. Each will deposit $5bn for at least 120 days....
...At the same time, many big providers of subscription lines — such as Citigroup and Wells Fargo — are scaling back their businesses....
...In recent quarters the Daily Journal had borrowed on margin to invest in a stock portfolio that also includes stakes in Bank of America, Wells Fargo and South Korean steelmaker Posco, according to public...
...for first time (FT) Bankers’ pay boosted by deferral rules, say BoE advisers (FT) Adler’s restructuring plan fails to get bondholder approval (Bloomberg) Wells Fargo to pay $3.7bn over loan violations...
...The days ahead Bank earnings JPMorgan, Morgan Stanley, Citigroup and Wells Fargo will report earnings before the opening bell....
...The involvement of reputable people and institutions — including retired general James Mattis, former secretary of state Henry Kissinger and former Wells Fargo chief executive Richard Kovacevich as board...
...Private banks, trading platforms and wealth managers are increasingly offering access to crypto investing. Leading names include Goldman Sachs, Wells Fargo, State Street, Barclays and BBVA Switzerland....
...Bank of America kept the roles combined after seeing off a substantial investor rebellion in 2015, while Wells Fargo in 2016 separated its chair and CEO roles following a fake accounts scandal....
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