05/11/2012
Bernanke has tightened bank oversight and stepped up Fed research on financial risk in the aftermath of the 2008-2009 credit crisis, which plunged the US into the worst recession since the Great Depression and cost 8.8 million Americans their jobs.
05/10/2012
The Fed also approved an application by the Bank of China to set up a branch in Chicago and an application by the Agricultural Bank of China Limited to establish a branch in New York City.
05/09/2012
The unit expects to have about 100 managing and executive directors within three to five years, up from 38 now, James DeNaut, head of investment banking for the Americas, said in an interview in New York.
05/07/2012
Bank of America has announced it has selected Team Bank of America at WPP as its global agency of record after an extensive review.
04/30/2012
York, a career banker, helped organize the bank six years ago as Bank of North Las Vegas, when the region's economy was still robust and new-home developments were attracting residents and businesses to Las Vegas.
04/26/2012
Rochdale will be combined with City National Asset Management to create an $18 billion investment management firm called City National Rochdale Investment Management.
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.