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.
04/16/2012
Citigroup Inc reported a lower first-quarter profit on Monday as the bank worked to contain expenses in the face of volatile capital markets and the need to finish overhauling its business portfolio after the financial crisis.
04/13/2012
JPMorgan's investment banking revenue - from advising on deals and trading in equities, bonds, currencies and commodities - was $22 billion last year, down 13 per cent from 2010.
04/13/2012
The company will also integrate the middle-market and large corporate lending to create a larger business-banking division, which will now include trading and underwriting securities and investment banking.
04/13/2012
JP Morgan, the first Wall Street bank to report results in this closely watched earnings season, has revealed a surprise increase in revenue to $27.4bn even as legal bills and debt pinched first quarter earnings.
04/11/2012
As a result, he is an expert at delivering the perfect pitch and getting his message across.
04/11/2012
The office will act as a liaison between the parent bank and overseas clients, while allowing the bank to establish business opportunities within the fields of project finance and corporate banking.
04/09/2012
Morgan Stanley, the investment bank that added clawback rules to compensation packages in 2008, expanded the types of pay that managers can be forced to return and the list of misconduct that might trigger a penalty.
04/05/2012
The head of JPMorgan Chase says the banking industry still faces “hostility.”
03/30/2012
The figures were based on UKIFS growth estimates projected on end-2010 figures from a survey of the top 500 Islamic Financial Institutions conducted by The Banker publication.
03/29/2012
Islamic Lending Grows as Western Banks Take Breather
In the first three months of 2012, $6 billion of sukuk were sold in the six countries of the Gulf Cooperation Council, approaching the total of $7.3 billion issued in the whole of 2011, according to data from the Dubai bank Emirates NBD.
03/20/2012
While I believe Smith should have been more pointed in directing his fire, for those impugning Mr. Smith, including new York City mayor Michael Bloomberg, I would offer that what Mr. Smith asserts is HIGHLY unlikely just a Goldman issue.
03/20/2012
The transaction has been approved by the Board of Directors of each company and is expected to close in the third quarter of 2012.