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Federal Reserve will publish results of annual stress tests on 34 financial institutions this week
Berkshire Hathaway boss seems to have far less in common with his new bank investment
Deal valuing Talos at $1.25bn comes as price of digital assets such as bitcoin tumbles
Retail-focused Wells Fargo could end up featuring as the surprise winner
World’s largest lenders provided only slightly less financing last year than in 2020, analysis shows
Shares of Wall Street lender drop despite record $48.3bn annual profit
The two banks will cut out CLS from dollar, euro and sterling transactions
Extent of the fallout has caused surprise but there is optimism for a return to normal in a few months
Penalty is latest since fake-account scandal was uncovered at US bank
JPMorgan and Wells Fargo executives point to jump in credit and debit card purchases
Local lenders played an outsized role in dispensing loans to small businesses but must continue to adapt as banking moves online
Amazon also postpones return date until January as Delta variant drives rise in US Covid-19 cases
The industry’s growth has been breathtaking, but always accompanied by a fear it will somehow wreck markets
Low interest rates and shrinking loan books continue to weigh on big global banks
Morgan Stanley, Goldman Sachs, JPMorgan and BofA increase payouts after Fed loosens restrictions
Federal Reserve releases analysis showing lenders can withstand almost $500bn of losses
And why doesn’t Warren Buffett like Wells?
Disclosure comes three decades after Berkshire Hathaway first invested in the US bank
US bank move comes amid cost-cutting drive and geopolitical tensions in the region
Investors should reject Larry Culp’s revised pay deal, ISS, Glass Lewis say in latest critical recommendations
By comparison, this week’s crypto-mania is almost a side show
Largest US bank by assets releases $5.2bn in loan loss reserves but cautions boost may not last
Outlook for the sector is increasingly bullish as economic recovery takes hold
Counterparties met last week to consider orderly unwinding of Bill Hwang’s leveraged equity bets
Reverence and GTCR’s purchase of Wells Fargo AM is biggest to date for private equity groups
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