Wells Fargo
US Wrap: Wells Fargo offers accelerated US equity returns
Wells Fargo is the only issuer of publicly registered structured products in the US as volumes tail off
Janus Capital recruits Threadneedle sales manager
Janus Capital nabs Steven Bilodeau from Threadneedle's Frankfurt office.
Banks fail to exploit market for smartphone apps
Third parties are developing downloadable applications (apps) for banking, leaving banks lagging behind
US Distributor
Structured Products Americas Awards 2010
Bankers question Wellink’s claim on Basel III economic impact
Bankers question how the committee chairman can accurately estimate the impact of Basel reforms.
Market snapshot
Tim Mortimer of Future Value Consultants looks at the pricing issues for structured products in different markets and provides his trade of the month
SocGen launches into US deposit space with Wells Fargo certificate
Société Générale (SG) has wrapped its proprietary long short strategy, Wise, into a certificate of deposit (CD) issued by Wells Fargo. The CD links to a volatility controlled version of the strategy, the SGI Wise US Vol Target 8% Excess Return Index.
S&P downgrades 18 US banks to reflect 'new reality'
New York-based rating agency Standard & Poor's (S&P) has cut its ratings on 18 US banks - a decision reflecting less-favourable operating conditions, greater volatility in financial markets and tighter regulatory supervision, according to the firm.
Stress-test success masks bigger problem with banks
The US government's bank stress tests appear to have been successful in stabilising financial markets, but some market observers believe they are obscuring broader systemic problems and could hamper efforts to deal with toxic assets.
CDSs on US financials narrow
Market sentiment towards US banks improved today, with the cost of credit protection on six of the nation's largest financial institutions falling. The move came on the same day Bank of America (BoA) was reported to have raised $7.3 billion from selling…
US banks require $74.6 billion in additional capital, stress tests reveal
Ten US banks collectively require an additional $74.6 billion in additional capital to insulate against possible losses over the next two years, the results of US government stress tests show.
Wells Fargo posts $2.55 billion loss in Q4
Hampered by its move to bolster credit loss reserves, Wells Fargo saw a $2.55 billion loss in the fourth quarter of 2008.