Hints and tips:
...Look out the first of the large financial groups reporting their results, including JPMorgan, Citi, State Street, Wells Fargo and BlackRock on Friday....
...Among large banks, only Wells Fargo has grown assets as fast over the past two decades, and its growing pains are well known. Some regionals have grown faster, but off much smaller bases....
...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....
...Earnings at JPMorgan Chase, Bank of America, Wells Fargo and Citigroup were up 23 per cent. By contrast profits at all other institutions dropped by an average 19 per cent in the quarter....
...A significant number of shareholders backed demands for climate change plans from Goldman Sachs, Wells Fargo and Bank of America at meetings this week against the wishes of the banks’ boards....
...Here are the 30-day card delinquency rates for Bank of America, JPMorgan and Wells Fargo (Citi has an annoying comparability issue with its historical data so we left it out) the past five first quarters...
...Wells Fargo has hired Credit Suisse investment banker Jill Ford as head of its equity capital markets business, per Bloomberg. Chelsea Football Club has appointed Chris Jurasek as its new CEO....
...And for all the flaws of the current approach to equity and inclusion, Edmans et al say it does seem to be bearing some fruit: the average DEI score from their calculations has risen from 4.1 out of 5 in...
...They look at Facebook’s past five years and its attempts — frequently belated, often ambiguous — to deal with the way that state actors (Russia et al), hoodlums (such as the Proud Boys), politicians (a list...
...Capital One, Citigroup, Wells Fargo, Synchrony Financial and Santander You’ve built out a system to manage fraud risk, do you want to do credit risk as well?...
...That he probably doesn't have any foreign assets, you know You mean there's not a bank account saying V Putin, the Kremlin. Yeah. But nonetheless, I suppose......
...“We’re here to help,” said Brian Moynihan of Bank of America. “We are here to help,” said Michael Corbat of Citigroup. “We are all here to help,” said Charlie Scharf of Wells Fargo....
...Since 2016, when US regulators revealed that Wells Fargo had opened millions of unauthorised accounts, nine of 14 members of the bank’s board of directors have stepped down, and the chief executive has changed...
...It is against this background that Hopp et al have raised their heads above the parapet....
...(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...
...The global community should be looking to rest, adjust or trim the ways things are, on a regular basis otherwise there will be imbalances allowing Trumps et al to garner support to deal with greater accrued...
...(Incidentally, for my money, Cronenberg’s scuffed aesthetic has dated at least a little better than the gleaming postmodernism of Neo and Trinity et al.)...
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...Q3 bank earnings. JPMorgan Chase, Goldman Sachs, Citigroup and Wells Fargo kicked off earnings season on Tuesday....
...Chetty et al. (2017) find that there is a 14 years life expectancy gap between top and bottom 1% males in the US, and that this gap has widened since 2001....
...According to a recent NBER paper by Francesco Bianchi et al, the average short term effect of each tweet has been to reduce forward interest rates by 0.28 basis points, implying that the effect of all the...
...Citigroup delivered stronger than expected revenue growth, driven by consumer banking and fixed-income trading, while overhead costs dragged down revenue at Wells Fargo....
...(FT) Executive moves Scott Powell, chief executive of Santander’s US operations, has been hired by Wells Fargo....
...Job moves Wells Fargo has named Charles Scharf, the Bank of New York Mellon boss, as its new chief executive....
...Many French cinema owners, who are putting pressure on Cannes to resist Netflix et al, see the streamers’ disruptive attitude as an incursion into their territory....
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