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....
...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....
...If you owned rate-sensitive, high-risk stocks yesterday you have Unhedged’s permission to sell and take the rest of the year off (Carvana, Zillow, SoFi, et al rose 10 per cent or more)....
...Acts announced so far include Andrea Bocelli and Robbie Williams — with plenty more to come. 2023’s line-up included Billy Joel, Bruce Springsteen and Guns N’ Roses....
...Plus if you really miss Brian Cox et al, you can slowly flick through the archive photographs while humming a haunting piano theme....
...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...
...BlackRock, Wells Fargo, Bank of America and State Street were also excluded from doing business with the state, Oklahoma said....
...If we are right that consumer spending, despite some recent softening on the margin, is still at or above trend, that is another thing for Powell et al to fret over....
...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?...
...All that sounds pretty good for banks. But, while bank stocks had a pretty good day on Thursday, they have not done so well in recent months....
...Or look at the action of banks. This week JPMorgan Chase, Wells Fargo and Citi set aside a record $28bn for bad loans, more than expected....
...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...
...And, as lockdown measures are softened, the return of the likes of Gregg's, Starbucks et al to the UK FtG market will increase competition....
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...Recent medical literature suggests that severe manifestations of COVID19 may be due to tissue damage caused by severe immune dysregulation (Li H, et al; The Lancet; April 2020)....
...Wednesday’s development in the NMC vs Muddy Waters et al saga saw Krupa Global Investments, a Czech activist fund, say apropos of nothing that it holds positions equivalent to just over 0.4 per cent of the...
...(LA Times) Fourth-quarter earnings season looms A trio of big banks kick off the fourth-quarter earnings season in the US on Tuesday....
...(BBG) News round-up Wells Fargo/Eastdil: private property (FT) Renault investors rush to sign up for carmaker’s annual showdown (FT) Wells Fargo CEO search drags on as two top candidates take a pass...
...Banks get the ball rolling with JPMorgan, Wells Fargo and Citigroup reporting on Friday. Walgreens and Delta are also slated to report results next week....
...Sam Ross has been hired as a vice-president working in the same sector. Ross was most recently investment banking vice-president at Wells Fargo....
...Addison Lee, the mini cab company that was bought by Carlyle just months before Uber et al made it on to the scene....
...This time Christian Noyer was meeting policymakers at the Bank of England, as well as a clutch of bankers and asset managers....
...JPMorgan Chase and Wells Fargo report today....
...There are hundreds of paid staffers and volunteers manning phone banks and canvassing door to door....
...Williams et al say specifically that there is no sign that R* is beginning to rise....
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