06/14/2012
Jamie Dimon blames JP Morgan losses on top executives in Senate testimony
Appearing before banking committee, JP Morgan boss is critical of legislation that would curb some types of hedging in US
Investment Banking
06/13/2012
Smith Barney Name to Join Wall Street's Dustbin
The name change, to Morgan Stanley Wealth Management, has been the subject of speculation for more than a year, but Morgan Stanley Chief Executive James Gorman for the first time confirmed the branding plan in a public setting.
06/13/2012
Wells Fargo Named Best U.S. Trade Bank
The Trade Finance Awards for Excellence are considered the most comprehensive poll of the global trade finance market, revealing which institutions lead by market sector and on a country-by-country basis.
06/11/2012
Alan Greenspan Bravely Rushes To JPMorgan Chase's Defense, With A Bucket Of Nonsense
The same man who made it easier for those banks to shoot craps with their spare cash while also holding federally insured deposits. T
05/31/2012
Fed's Dudley: U.S. banks in better crisis shape
This does not mean that the U.S. would be completely insulated from any type of crisis stemming from Europe, he noted, particularly if banks refuse to lend to each other out of a concern for counter-party risk, he said. If that happened, it would affect t
05/31/2012
Facing Down the Bankers
But Mr. Kelleher does not work for banks. He works against them.
05/29/2012
Stop big, bad U.S. banks before they lend again!
If only the Volcker rule had been in place. If only the Dodd-Frank law had an additional 1,000 pages of rules
05/28/2012
Merchants Bank Recognized as One of the Top Performing Banks in America
No other Vermont-based or New-Hampshire-based banks were represented in the top 20 of either ranking.
05/17/2012
JPMorgan Chase trading fiasco: What to do about big banks?
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
Morgan Stanley Investors Back Pay Plan After Gorman’s Cut
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
Traders Are Saying This Legendary Deutsche Bank Veteran Harpooned JP Morgan's 'London Whale'
But who was on the other side of that trade?
05/16/2012
BofA Merrill Lynch Fund Manager Survey Finds Rising Investor Demand for Growth Stimulus
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
Morgan Stanley reportedly mulls Korean Savings buy
Operations at Korea Savings Bank were suspended by Seoul's financial regulators earlier this month due to its weak financial standing.
05/11/2012
US Bank Hit By 'Embarrassing' $2bn Loss
Chief executive Jamie Dimon blamed "errors, sloppiness and bad judgement" for the embarrassing loss.
05/11/2012
US banks face liquidity woes
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
Fed approves Chinese purchase of US lender
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
Nomura Targets 100 Top Executives in Investment Banking
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 Selects a Team at WPP as Its Branding and Advertising Agency
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
Bank takes famous name, poises for future
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
City National Bank to Acquire Rochdale Investment Management
Rochdale will be combined with City National Asset Management to create an $18 billion investment management firm called City National Rochdale Investment Management.