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
05/31/2012
But Mr. Kelleher does not work for banks. He works against them.
05/29/2012
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
No other Vermont-based or New-Hampshire-based banks were represented in the top 20 of either ranking.
05/17/2012
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
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
But who was on the other side of that trade?
05/16/2012
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
Operations at Korea Savings Bank were suspended by Seoul's financial regulators earlier this month due to its weak financial standing.
05/11/2012
Chief executive Jamie Dimon blamed "errors, sloppiness and bad judgement" for the embarrassing loss.