Recent Posts

Wells Fargo in talks with BofA exec for CEO job

Bloomberg More than 100 days into Wells Fargo & Co’s hunt for a chief executive officer, the field of potential candidates has winnowed  — but there’s little sign that an appointment is imminent. After twists and turns in the search, Bank of America Corp’s Cathy Bessant is among executives who remain in talks with Wells Fargo, while JPMorgan Chase & ...

Read More »

Citigroup expenses to be in focus as bank’s earnings season starts

Bloomberg Citigroup Inc is the first big US bank to report second-quarter earnings when its latest results come out. Investors will be keeping a close eye on how tightly the bank reined in expenses, and how its international businesses fared, as weak trading revenues are already anticipated. Citigroup CFO Mark Mason said second-quarter fixed-income and equities trading revenue would likely ...

Read More »

Latvian premier vows to clean financial system

Bloomberg After a US money-laundering probe rocked Latvia’s economy, sending one of its largest banks belly up, the Baltic nation’s US-born leader is trying to convince Washington and business leaders that he’s cleaning up his country’s financial system for good. In meetings with top investors and US policy makers, including Vice President Mike Pence and Treasury Secretary Steve Mnuchin, Prime ...

Read More »
Send this to a friend