Mark Calvey
Senior Reporter at San Francisco Business Times
Mark Calvey is the banking and finance reporter for the San Francisco Business Times. Views are my own. Posts and retweets are not endorsements.
Articles
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1 week ago |
bizjournals.com | Mark Calvey
In the early days of Covid, companies urgently drew down their bank credit lines over concerns credit might not be available elsewhere. Wells Fargo’s C-suite is closely watching business customers' use of credit lines to see whether signs of panic are emerging amid tariff uncertainty and bond-market turbulence.
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2 weeks ago |
bizjournals.com | Mark Calvey
LiPo Ching | San Francisco Business TimesPreview this article 1 min“We’re expecting payroll hiring to come close to grinding to a halt this year, which we think would push up the unemployment rate to 4.6% in the fourth quarter," Wells Fargo Senior Economist Sarah House told the bank’s clients. While the nation’s tariff policies spur inflation concerns, Wells Fargo economists said Thursday that a deteriorating labor market is likely to trigger several Fed rate cuts by year end.
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2 weeks ago |
bizjournals.com | Mark Calvey
Following the merger, the new publicly traded shares of Mechanics Bancorp are sure to turn heads. Mechanics Bank's deal to merge with Seattle-based HomeStreet Inc. was an opportunity to look under the hood at the East Bay lender. One analyst likes what he sees as the two banks come together.
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2 weeks ago |
bizjournals.com | Mark Calvey
The temporary move will last about two years. The American Express Centurion Lounge at San Francisco International Airport has a familiar problem: Demand for the upscale dining options, its bar and other amenities has meant getting in is sometimes difficult. That problem will become even more pronounced June 15 when the Centurion Lounge moves to Terminal 2. It’s expected to be a temporary move that lasts about two years.
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2 weeks ago |
bizjournals.com | Mark Calvey
“The downside risks to the economy are real,” Wells Fargo economists said. As if uncertainty over tariffs isn’t causing enough headaches for business leaders, Wells Fargo economists were rather blunt in discussing signs of a slowing economy. “The downside risks to the economy are real,” Wells Fargo economists told clients in a note on April 4.
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RT @thejobchick: ⚠️Something big is happening in the labor market ya'll & it’s hidden in a boring laundry earnings call. 🧵 1/10
RT @realEstateTrent: I miss San Francisco. I miss Crissy Field. The Marina Green. I miss that walk along the water at sunset, with all th…
See what @united Airlines Chief Financial Officer Mike Leskinen had to say about the carrier's MileagePlus frequent-flier program, and why it's a "crown jewel" of the company. https://t.co/re4boBFuVK