Wells Fargo

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   Federal Reserve chair Janet Yellen (above), speaking in New York,  re-affirmed the Fed’s commitment to keep interest rates low, even after ending its bond buying program, as long as inflation remains under target and unemployment elevated. Photograph Reuters/Larry Downing

Global equity markets advanced broadly yesterday after China reported growth that beat expectations, providing relief to investors worried abo(...)

Wells Fargo: 12th consecutive record quarter. Photograph: Andy Kuno/Reuters

Wells Fargo, the most profitable US bank in 2013, posted a 14 per cent rise in first-quarter earnings as fewer customers missed loan payments. (...)

Shares in  building group CRH fell 1.8% on day, as Iseq overall declined. Photograph: Brenda Fitzsimons

Laura Slattery European stocks fell for a second day at the end of a volatile week, as investors speculated that equity gains have raced (...)

Out tomorrow: Chinese gross domestic product for quarter one
For your diary

TO DAY (...)

Developer Seán Dunne with a model for the proposed development on the site of Jurys and the Berkeley Court, Ballsbridge.

Ulster Bank is considering offloading its interest in the three Dublin hotels it backed Seán Dunne to buy for almost €380 million in 2005 in tw(...)

A number of large banks are still under investigation by the task force set up by US president Barack Obama in 2012. Photograph: Scott Eells/Bloomberg

Wall Street banks and their foreign rivals have paid out $100 billion in US legal settlements since the financial crisis, according to research(...)

Connaught House on Burlington Road where the offices of the Irish Bank Resolution Corporation (IBRC) formerly Anglo Irish Bank were located. Photo: Alan Betson/The Irish Times

IBRC, the former Anglo Irish Bank, internally valued its UK loan portfolio at between €883 million and €568 million more than it was sold for l(...)

JPMorgan Chase & Co, the largest US bank, is reducing both its profit target and headcount in 2014. Photograph: Neil Hall/Reuters
JP Morgan to cut 8,000 jobs

JPMorgan Chase and Co, the biggest US bank, said today it would eliminate about 8,000 jobs in the consumer and mortgage banking units this year(...)

There are fears among bank staff that significant job losses could be on the way at Ulster Bank

Ulster Bank will this week kick off the sale process for an €850 million portfolio of commercial property loans known within the bank as Projec(...)

Shopping trolleys at a Sainsbury’s supermarket at Pulborough, southern England, this month. J Sainsbury reported its “best Christmas ever” this year

Markets fought back in the wake of steep falls on Wall Street overnight as positive updates on UK inflation and better-than-expected euro zone industr(...)

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