Remove 2016 Remove Investment Banking Remove Management Fees
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Wells Fargo (WFC) Q4 2024 Earnings Call Transcript

The Motley Fool

Early last year, the OCC terminated a consent order it issued in 2016 regarding sales practices. We created a strategic partnership with Centerbridge Partners and introduced Overland Advisors to better service our commercial banking customers with a direct lending product. The opportunity remains significant. We also grew our U.S.

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Bank of America (BAC) Q3 2024 Earnings Call Transcript

The Motley Fool

This activity is consistent with how customers are spending money in the 2016 to 2019 timeframe. The strong year-over-year fee performance was led by a 15% improvement in investment in brokerage services, mostly in our global wealth management business. On Slide 15, you see Global Banking results. We reported $16.5

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Transcript: Dominique Mielle

The Big Picture

I wanted to see the world, and whether it was investment banking, or basket weaving really had absolutely no bearing on my decision. Before that, 2016, the energy crisis, same. And all these formally high performers are now just so big, they’re very happy collecting the management fee and the performance fee matters less.

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Transcript: Mathieu Chabran

The Big Picture

So that was a while back, but nonetheless, I don’t know if it was love at first sight, but we got to get along pretty well, and after a few years working for investment banks, he then joined Goldman Sachs. I joined, effectively, Deutsche Bank. We were lucky enough to have Temasek backing us as early as 2016.

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