07/12/2012
JPMorgan Chase revealed a $2 billion trading loss, triggering an investigation by the government and hearings in Congress. Then the large banks were implicated in a global dust-up over interest rate manipulation.
07/12/2012
The disaster that has emanated from JPMorgan’s chief investment office continues to grow.
07/11/2012
Inquiries by The Tribune determined that there are five employees at the bank, all of whom expect to be transferred to other Bank of America locations within San Luis Obispo County.
07/09/2012
Wins Five Additional Awards in Annual Competition
07/08/2012
With the finalization of the deal, ICBC gained the license to conduct retail banking in the United States and expanded its organization and business network in the country, ICBC Chairman Jiang Jianqing said at a ceremony marking the completion of the tran
07/04/2012
More than eight in 10 women in the hedge fund and private equity industries feel their gender has affected their likelihood of having a successful career, Financial News reports.
07/03/2012
In a good year, the outgoing chief executive – who resigned Tuesday- could be paid up to £20million – about 1,000 times more than a teller in a high street Barclays.
07/03/2012
If regulators find that the resolution plans are not credible, they could force the banks to sell off business lines and restructure to become less complex.
07/01/2012
The fees totalled nearly $14 billion in the second quarter, down from more than $18 billion in the first quarter of 2012. Year to date, fees have totalled $32 billion, down 25 percent from the same period in 2011.
06/28/2012
The fees totaled nearly $14 billion in the second quarter, down from more than $18 billion in the first quarter of 2012. Year to date, fees have totaled $32 billion, down 25 percent from the same period in 2011.
06/27/2012
Losses on JPMorgan Chase’s bungled trade could total as much as $9 billion, far exceeding earlier public estimates, according to people who have been briefed on the situation.
06/21/2012
Deutsche Bank will focus on expanding its investment bank in the United States and on overhauling the asset and wealth management division, new co-chief executives Anshu Jain and Juergen Fitschen told Manager Magazin in an interview.
06/20/2012
One of the biggest banks in the world wants the president's favorite banker muzzled. One of the biggest banks in the world wants the president's favorite banker muzzled.
06/20/2012
Giving evidence to US lawmakers yesterday[Tuesday], Mr Dimon said JP Morgan’s CIO [Chief Investment Office] operation “could have been in London or somewhere else” as he defended the bank’s British operations.
06/18/2012
It will be managed by HSBC Global Asset Management’s Hong Kong-based fixed-income team, it said.
06/14/2012
Appearing before banking committee, JP Morgan boss is critical of legislation that would curb some types of hedging in US
06/13/2012
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
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
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
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