Hints and tips:
...Neither the monster national players (JPMorgan Chase, Bank of America, Wells Fargo, Citigroup) nor the regionals (PNC, M&T, et al) have had much to say about the economy’s effect on credit quality....
...Over the past two years, big banks such as JPMorgan Chase, Bank of America, Citigroup and Wells Fargo charged more for loans in lockstep with the Fed lifting interest rates, without passing on the increase...
...“The economy is performing well,” said Fed chair Jay Powell in a news conference after the FOMC announcement....
...Federal Reserve chair Jay Powell will on Thursday update Congress on monetary policy, while across the Atlantic European Central Bank president Christine Lagarde will reveal the latest interest rate decision...
...They are the denominator in the capital ratios that show how well positioned banks are to withstand losses; lower RWAs make banks look healthier....
...But Gautam Puntambekar, country executive for Bank of America, says that “when you talk about semiconductors, Malaysia is invariably part of the conversation”....
...Housing market: US home builder confidence is expected to be in positive territory for the second straight month, taking the National Association of Home Builders/Wells Fargo housing market index to 56 from...
...Bank of America, JPMorgan and Wells Fargo are providing a £500mn term loan over five years to Harris and Blitzer’s bid, which is fronted by Broughton, and an additional £100mn revolving credit facility,...
...And the lasting distinctiveness of the NHS being fully funded from taxation derives from Bevan obeying the Socialist Medical Association injunction that the health service should be separate from the National...
...The National Association of Realtors publishes pending home sales for May....
...Jay Powell has warned the US central bank against the risk of being “misled” by good data on prices, saying the mission to return inflation to its 2 per cent target had a “long way to go”....
...This month, US homebuilder confidence slipped for the first time this year according to an index compiled by the National Association of Home Builders and Wells Fargo....
...The Personal Investment Management and Financial Advice Association (PIMFA) is the trade association for UK firms that provide wealth management, investment services and advice....
...Speaking at a conference hosted by the National Association for Business Economics, Collins described the Fed’s latest forecast as “reasonably balancing the risk of monetary policy not being restrictive...
...Marc Filippino Now, while Powell got most of the limelight, the head of the European Central Bank Christine Lagarde also spoke at the meeting....
...That has helped to keep the unemployment rate at 2.6 per cent, well below the national average of 3.7 per cent....
...Towards the end of the week banks including Citi, JPMorgan Chase and Wells Fargo report first-quarter results, the first since the recent crisis that took down Silicon Valley Bank....
...It identified an increase in use of the terms to describe bank Wells Fargo between 2009 and 2013, a period that corresponded with fraudulent financial activity by employees....
...The comments from top brass at Goldman Sachs, Bank of America and Wells Fargo reflect the growing belief that the Federal Reserve may achieve a so-called soft landing for the US economy this year. 4....
...Analysts estimate JPMorgan Chase, Bank of America, Citigroup and Wells Fargo to report collective net interest income for the final three months of 2022 of almost $60bn, up 30 per cent year on year, according...
...In April, Wells Fargo, which originates more mortgages than any other US bank, laid off nearly 200 loan processors and their managers, blaming “cyclical changes in the broader home-lending environment”....
...The National Association of Home Builders/Wells Fargo housing-market index, which measures building confidence, is due this morning....
...Mansoor Mohi-uddin, chief economist at Bank of Singapore, warns that if they are right, this would be a destabilising moment for global markets, drawing a parallel with the Swiss National Bank’s shocking...
...The Bank of England said it would push ahead with the adoption of new global bank capital rules....
...The days ahead Bank earnings JPMorgan, Morgan Stanley, Citigroup and Wells Fargo will report earnings before the opening bell....
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