05/17/2012
Investors filed two lawsuits against the firm, alleging that the firm took undue risks and made misreprentations to shareholders prior to last week, when the firm announced the losses.
05/16/2012
Corporate Secretary Martin Cohen was interrupted in announcing the tally by about 20 protesters who engaged in an organized chant about executive pay and income inequality.
05/16/2012
But who was on the other side of that trade?
05/16/2012
Investors are looking for greater stimulus as expectations of economic growth have fallen further and as concerns about inflation have eased significantly . Only a net 15 percent of the panel expects the global economy to strengthen in the year ahead, do
05/15/2012
Operations at Korea Savings Bank were suspended by Seoul's financial regulators earlier this month due to its weak financial standing.
05/11/2012
Chief executive Jamie Dimon blamed "errors, sloppiness and bad judgement" for the embarrassing loss.
05/11/2012
Bernanke has tightened bank oversight and stepped up Fed research on financial risk in the aftermath of the 2008-2009 credit crisis, which plunged the US into the worst recession since the Great Depression and cost 8.8 million Americans their jobs.
05/10/2012
The Fed also approved an application by the Bank of China to set up a branch in Chicago and an application by the Agricultural Bank of China Limited to establish a branch in New York City.
05/09/2012
The unit expects to have about 100 managing and executive directors within three to five years, up from 38 now, James DeNaut, head of investment banking for the Americas, said in an interview in New York.
05/07/2012
Bank of America has announced it has selected Team Bank of America at WPP as its global agency of record after an extensive review.
04/30/2012
York, a career banker, helped organize the bank six years ago as Bank of North Las Vegas, when the region's economy was still robust and new-home developments were attracting residents and businesses to Las Vegas.
04/26/2012
Rochdale will be combined with City National Asset Management to create an $18 billion investment management firm called City National Rochdale Investment Management.
04/25/2012
This increase is primarily due to growth in average interest-earning assets. Total assets reached $15.28 billion at March 31, 2012, an increase of $2.9 billion, or 23.4 percent, from $12.38 billion at March 31, 2011. Average assets for the 2012 first quar
04/20/2012
JPMorgan Chase is close to selling its U.S. metal concentrates trading arm and could announce a deal as early as Monday, two sources who were informed of the deal told Reuters this week.
04/19/2012
For the latest quarter, the company reported net outflows of $2 billion, with $7 billion of net inflows for its long-term strategies more than offset by $9 billion in money market outflows.
04/19/2012
"The narrowing of our credit spreads reflects the significant progress we've made to strengthen the balance sheet," said Chief Financial Officer Bruce Thompson.
04/19/2012
James P. Gorman, Chairman and Chief Executive Officer, said, "This quarter is further evidence that Morgan Stanley has rebounded from the financial crisis of 2008 and is in a significantly stronger position.
04/17/2012
There has been a noticeable dearth of leadership on Wall Street after the financial crisis.
04/17/2012
Goldman Sachs earnings more than doubled in the first quarter, as the Wall Street firm benefited from the best quarter for U.S. stocks in years.
04/16/2012
The bank's Iowa-based mortgage division did well in the first quarter.