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Search ResultsShowing 1 - 10 of 100+ results for "Wells Fargo"
Wells Fargo sells asset management business
ELIZA BAVIN  |  WEDNESDAY, 24 FEB 2021
Wells Fargo has entered into a definitive agreement to sell Wells Fargo Asset Management (WFAM) to GTCR and Reverence Capital Partners for US$2.1 billion, while also offloading four of its closed-end funds. The sale includes Wells Fargo Bank N.A.'s ...
Australian banks among most fined
ELIZABETH MCARTHUR  |  TUESDAY, 12 JAN 2021
... fine from US regulators for its role in underwriting 1MDB bonds. The second largest US fine was $3 billion, handed to Wells Fargo after it was revealed the bank had set up millions of fake accounts. Australian banks came in second place, with just three ...
FS team picks: The top stories for 2020
ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 17 DEC 2020
... recommendations, but provided the first comprehensive look at what is and isn't working in Australia's retirement system. Wells Fargo sets sights on Aussie super Wells Fargo Asset Management is gearing up to make its mark on the Australian superannuation ...
Wells Fargo sets sights on Aussie super
ELIZA BAVIN  |  WEDNESDAY, 25 NOV 2020
Wells Fargo Asset Management is gearing up to make its mark on the Australian superannuation system, confirming to Financial Standard that it has been in discussions with major super funds. Wells Fargo head of international distribution Deirdre Flood ...
Westpac consolidates international operations
JAMIE WILLIAMSON  |  WEDNESDAY, 14 OCT 2020
... year. The $1.3 billion it paid over its record-breaking deal with AUSTRAC places it just behind Goldman Sachs and Wells Fargo. Goldman Sachs paid $5.5 billion for its involvement in the 1MDB corruption scandal, while Wells Fargo was fined more than $4 ...
Westpac puts Australia on bad banking leaderboard
ELIZA BAVIN  |  WEDNESDAY, 14 OCT 2020
... return of $1.4 billion in assets from the theft of billions of dollars from a Malaysian government fund. The US's Wells Fargo was in second place, having paid US$2.96 billion this year. Wells Fargo was hit with the fine by federal authorities in ...
Banks lose US$635 billion
ELIZA BAVIN  |  TUESDAY, 15 SEP 2020
... banks have suffered huge market losses as a result of the COVID-19 economic shutdowns. The research said the US's Wells Fargo was the biggest loser, suffering a -56.24% change in market capitilisation, followed by Spain's Banco Santander at -46.16%. ...
Female fund managers outperform men
KARREN VERGARA  |  WEDNESDAY, 2 SEP 2020
... Apple, Microsoft and Tesla. Female-managed funds tend to have the lowest allocation to stocks like Berkshire Hathaway, Wells Fargo and Exxon Mobil. Energy and materials are two sectors where they are typically underweight. Interestingly, the median female-managed ...
Banks brace for major loan losses
ALLY SELBY  |  WEDNESDAY, 15 JUL 2020
... biggest banks have set aside approximately $40 billion (US$28 billion) to brace for COVID-19 related loan losses, as Wells Fargo posts its first quarterly loss since the Global Financial Crisis. Citigroup saw its net income dive 73% from the previous ...
S&P kicks companies off ESG index
ELIZABETH MCARTHUR  |  TUESDAY, 19 MAY 2020
... all-time high. Thus, the big question, 'Who made the cut?' is perhaps more relevant now than ever before." In financials, Wells Fargo re-entered the index after being kicked out last year. Its overall ESG score actually fell, but its ranking within its ...
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