Wells Fargo keeps up momentum

US bank is moving up the banking league tables

Wells Fargo has been one of the few banks to buck the investment banking gloom, and their third quarter results published today bear that out.

The San Francisco-based bank does not break down full details of its investment banking and trading businesses in its third-quarter results, but it reported a 13% year-on-year increase in investment banking revenues for the nine month period up to September.

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