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Posted in Broker-Dealer Federal Reserve Issuers

One Year After California Quietly “Un-Banned” Wells Fargo From Muni Underwriting, The Bank Is Under Federal Investigation Again. Charges of Racism Taint Wall Street’s (Once) Favourite Bank.

May 7, 2020 – When making controversial decisions, politicians have learned that the best strategy is stealth. On April 3…

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Posted in Broker-Dealer Markets New York State NYC Underwriting

BofA Tops NY League Table. Wells Fargo Shut Out – Head of Public Finance Seconded To Bill Daley’s Government Affairs “A-Team”

December 23, 2019 – Based on Thomson Reuters data released this morning, BofA Securities retained its traditional lead atop the…

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Posted in Broker-Dealer ESG Federal Reserve Uncategorized Underwriting

Regulator Rebukes Wells Fargo (Again!). Bank Fired and Blacklisted Thousands of Low-Level Employees

December 4, 2019 – In an exclusive, the Wall Street Journal reported that the Office of the Comptroller of the…

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Posted in Federal Reserve Investment Banking Issuers NYC Underwriting

Fed Chair Powell: Wells Fargo Governance Still Unsatisfactory. Banned From Underwriting NYC Bonds.

July 31, 2019 – Two words – “mid-cycle adjustment” – from the Federal Reserve rocked markets on Wednesday. But at…

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Posted in ESG Investment Banking Opinion Underwriting

[Op-Ed] New York Should Stop Awarding Bond Underwriting Business to Goldman and Wells Fargo

New York considers herself an enlightened state. From educational equity to gay marriage; NYC ID to tenant protection, both State…