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...In 2022, West Virginia led the way when it barred five financial firms, including JPMorgan, BlackRock and Goldman, from new state business, saying they were “boycotting” the fossil fuel industry....
...Red-state treasurers blacklisted big financial groups including BlackRock, Goldman Sachs, State Street and Wells Fargo....
...Several banks, including Bank of America and Wells Fargo, offer AI-powered chatbots to help retail customers manage their finances....
...JPMorgan Chase, Bank of America, Wells Fargo and Citigroup collectively made $253bn in net interest income (NII) for the whole of 2023 — a 19 per cent jump from 2022’s total....
...“I’m proud to have stayed with President Trump on this one,” he told West Virginia radio station MetroNews in March. SIG’s investments in China go beyond ByteDance....
...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 outflows started in 2022 after West Virginia state treasurer Riley Moore included BlackRock on the nation’s first list of financial firms deemed to boycott fossil fuel companies....
...Last week, Wells announced that it had hired Thomas Nides, a former top executive at Morgan Stanley, to be its new head of public affairs. Related and Wells Fargo declined to comment....
...Fargo and JPMorgan....
...Republican states reliant on the fossil fuel industry, including West Virginia and Oklahoma, have banned some asset managers from doing business with them, based on accusations of boycotting fossil fuels...
...Wells Fargo alone said it spent more than $1bn on unexpected job cuts in the fourth quarter....
...Mere hours after adopting the rule, Patrick Morrisey, West Virginia’s attorney-general, announced he was joining a coalition of 10 states, including Georgia and South Carolina, on Wednesday to challenge...
...“The common denominator tends to be the same: if the requests can be linked to economic value it tends to resonate well with shareholders,” Papadopoulos added....
...“The financial health of our consumers remains strong,” Wells chief executive Charlie Scharf told analysts....
...Several banks, including Barclays and Wells Fargo, have partnered with asset managers to establish a toehold in private credit....
...Its price to book value of nearly 3 times trumps that for mortgage-heavy Wall Street banks like JPMorgan, Bank of America and Wells Fargo. But Rocket doesn’t have appreciably higher return on equity....
...In 2021, its engagement priorities said “we expect companies to articulate how they are aligned to a scenario in which global warming is limited to well below 2C”....
...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....
...Last year, Wells Fargo signed a deal to lend billions to a new credit fund run by Centerbridge, a $40bn private equity firm that led the buyouts of restaurant chain P.F....
...Spot bitcoin ETFs will be available on Schwab, Fidelity, SoFi and Wells Fargo’s platforms....
...Wells Fargo and Truist have strong businesses serving lawyers outside Manhattan, but Citi’s private bank dominates the market among New York’s attorneys, having launched a dedicated team to serve them more...
...JPMorgan Chase, Citigroup and Wells Fargo were all able to charge more on loans while increasing payouts on deposits more slowly....
...Eighteen states have passed some form of anti-ESG law, and Texas and West Virginia among others are boycotting BlackRock funds....
...Waymo told the Financial Times that it had “a couple of hundred cars” in each of the three fully autonomous zones....
...Capital One: The Virginia-based bank yesterday agreed to acquire Discover Financial Services in a $35bn all-stock deal....
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