Wells Fargo

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Houlihan Lokey has lured Keith Barry, a former Wells Fargo Securities managing director, to be head of medical technology, a new practice in its health care group, the Los Angeles-based investment bank said Thursday.

Wells Fargo is requesting that a court-appointed receiver take over a distressed portfolio of 89 hotels owned by affiliates of Colony Capital, as the hotels, like much of the hospitality industry, have been hit hard by the COVID-19 economic downturn.

JPMorgan Chase & Co. suspended applications for home equity loans as it and mortgage industry peers figure out how to respond to the coronavirus economic downturn.

The nation’s biggest banks were required to submit their responses Monday to the Federal Reserve’s annual stress tests evaluating their resiliency in a hypothetical severe recession, but an official at the central bank recently said regulators would take the actual fallout from the coronavirus pandemic into account when assessing the banks’ health.