Buybacks

Wells customers phished, Fed caps dividends, Citi’s new ops chief: Top stories of the week

06/26/20

Wells Fargo customers targeted with phishing attacks using calendar invites; Fed freezes stock buybacks, caps dividends after stress test results; Citigroup names Titi Cole its head of global operations and fraud prevention.

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Dimon counsels against bank stock buybacks; Texas banks call off merger

05/27/20

The JPMorgan CEO says the recovery has to start first, and future buybacks won’t be as big as before; Texas Capital Bancshares and Independent Bank blame the coronanvirus market impact.

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Otting makes it official; Morgan Stanley's Gorman: Hold the stock buybacks

05/22/20

The comptroller of the currency will be replaced by his COO, Brian P. Brooks, on an acting basis; CEO James Gorman says the economy needs to be on steadier ground first.

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After big banks suspend stock buybacks, will regionals follow suit?

03/16/20

They are under less pressure from policymakers to halt repurchase plans, but some have already hit the brakes and others may unofficially do so if the pandemic worsens.

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Eight giant U.S. banks to suspend stock buybacks through June

03/15/20

The banks — including JPMorgan Chase, Bank of America, Wells Fargo and Citigroup — agreed to stop buying back their own shares through the second quarter, saying they will focus on supporting clients and the nation during the coronavirus pandemic.

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Senator urges banks to stop stock buybacks during coronavirus outbreak

03/12/20

Sen. Sherrod Brown of Ohio, the top Democrat on the Banking Committee, said financial institutions "need to be investing in their communities right now, not investing in their CEOs’ stock portfolios.”

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Fed finalizes new capital buffer ahead of 2020 stress tests

03/04/20

The rule establishes a measure of capital adequacy meant to simplify how banks are assessed in the Comprehensive Capital Analysis and Review program.

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Wells paying up to recruit brokers; Will JPM’s stock buybacks slow?

02/03/20

The bank is offering big bonuses to hire new financial advisors; recent share repurchases have raised the cost of future rebuys.

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Goldman may change its focus; Credit Suisse revamps investment bank team

11/12/19

Goldman may abandon its revenue goal; in an attempt to boost revenue, Credit Suisse picks new leaders for its investment banking and capital markets unit.

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Payday loans for employees; Deutsche Bank CEO pledges big stock buy

09/03/19

A growing number of companies, led by Walmart, are offering payroll advance loans to their workers; Christian Sewing said he will invest 15% of his net earnings in the German bank’s struggling shares.

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