07/20/2012
Morgan Stanley closes a bleak bank earnings season
The report capped a dismal season for the banking industry.
Investment Banking
07/18/2012
BofA plans $3 billion of new cost cuts; posts second-quarter profit
The second largest U.S. bank cut costs 25 percent in the second quarter, helping it post a slightly larger than expected profit of $2.5 billion after posting a loss the year earlier.
07/18/2012
Bank of America Reports Second-Quarter 2012 Net Income of $2.5 Billion or $0.19 Per Diluted Share
Global Wealth and Investment Management Reported Record Asset Management Fees of $1.6 Billion, Driven by Market Gains and Solid Long-term Assets Under Management Flows First-lien Mortgage Originations up 18 Percent From Q1-12
07/18/2012
BNY Mellon AUM dips slightly for quarter; rises over 12 months
The latest inflows were partially offset by $14 billion of outflows from money market offerings.
07/17/2012
Goldman's golden egg turns leaden; bank plans cuts
In an environment the investment bank characterized as "tough," Goldman said it was embarking on a new round of cost-cutting, which will include laying off some senior employees.
07/17/2012
Credit Agricole Said Near Exclusive Cheuvreux Talks With Kepler
Credit Agricole SA is close to entering exclusive talks with Kepler Capital Markets SA on a potential combination of the French bank’s trading and research unit CA Cheuvreux, according to two people familiar with the plans.
07/16/2012
Barton Biggs, Morgan Stanley strategist who foresaw dot-com crash, dies at 79
Mr. Biggs was a money manager whose attention to emerging markets during a 30-year career at Morgan Stanley made him one of the first global investment strategists.
07/15/2012
US banks reducing exposure to Europe
Banks’ risks tied to those countries, as well as Italy, Ireland and Portugal, declined to $181 billion (Dh665 billion) in country-risk claims, according to a Hamilton Place Strategies LLC study to be released on Monday.
07/15/2012
Is it time to ring-fence investment banks from themselves?
This, the cacophony argues, should either take the form of a full Glass-Steagall-style separation or the ring-fencing of the banks’ retail and small business banking arms to protect them from their nastier and larger investment banking cousins.
07/15/2012
Citi second-quarter profit falls, old assets sting
Citi Holdings' losses widened to $920 million in the second quarter from $661 million in the same period a year earlier.
07/12/2012
FN100 methodology: Investment banking
In previous years, the investment banking category has included the heads of the corporate and investment banking arms of European banks, mainly because their group chief executives were included under the ‘chief executives’ category.
07/12/2012
All eyes on JPMorgan as banks report earnings
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 Real Loss For Jamie Dimon And JPMorgan Chase: Their Integrity
The disaster that has emanated from JPMorgan’s chief investment office continues to grow.
07/11/2012
Cambria's Bank of America branch to close in November
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
Bank of America Merrill Lynch Named Best Global Equity House
Wins Five Additional Awards in Annual Competition
07/08/2012
China Banks Coming to America
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
Most Women In Hedge Funds Feel Disadvantaged
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
"The unacceptable face of banking": The lavish lifestyle of banker Bob and how he made his millions
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
Top global banks have 'living wills' if they fail: Ten facts
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
Global investment banking fee income falls 25%
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.