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.
03/19/2012
The news of the low year-end pay, at least by Wall Street standards, has sparked griping that being an investment banker is not worth it anymore. Some have said it was a big ego blow.
03/16/2012
It wiped more than $2billion – almost £1.3billion – off the Wall Street giant’s share value yesterday.
03/15/2012
Every time Goldman Sachs Grou President Gary Cohn sticks his chin out, he seems to take another hit.
03/15/2012
It's not the way we do business," Dimon said in the memo, a copy of which was seen by Reuters.
03/13/2012
A New Zealand native who lived in Manhattan, he served on the board of the SAMFund, a Boston-based nonprofit organization that provides grants to help young adults transition to life after cancer.
03/09/2012
Aifric Campbell's On The Floor tells the story of a young woman who rises to the top of the world of high finance only to be dragged under by debilitating insomnia, alcoholism and ruined relationships.
03/06/2012
The bank, long known for its U.S. focus, will open corporate banking services in Britain, Germany, China, Singapore and Australia, according to the Financial Times as reported by Reuters.
03/02/2012
JPMorgan Chase to build up to 200 branches in Florida
Since it’s the largest bank in the United States based on its $2.3 trillion in total assets, a lot of observers were watching and listening closely to what Chief Executive Officer Jamie Dimon and other executives had to say.