The Wall Street Journal reports that Bank of America has now agreed to disclose details of donations made with corporate funds to political parties and committees. The bank will not, however, disclose individual political contributions made by employees.
In the meantime, The Guardian reports that Barclays President Bob Diamond did his duties last week at the groundbreaking ceremonies for the new 18,000-seat Nets basketball stadium being constructed in Brooklyn. Barclays has the naming rights for the stadium, which the bank acquired for a cool $300m.
And Reuters reports that JPMorgan Chase CEO Jamie Dimon wants lawmakers to get on and pass financial reform legislation by the year-end. Dimon has said that he agrees with '70 or 80%' of the reform proposals, but insists that the industry has a right to be part of the conversation which shapes the rest.
The news agency also reports that Northern Trust CEO Frederick Waddell said last week that his firm is in the market for acquisitions, and may be interested in a fund administrator or asset manager.
Finally, Bloomberg reports that Royal Bank of Scotland has been ordered by Singapore's High Court to pay former head trader Scott Cousins $325,922, after finding that he was 'summarily dismissed', when he was fired for forwarding two e-mails to his personal account which the bank said contained confidential information (Cousins has agreed terms to leave the firm earlier the same day).
The bank had claimed that the trader's actions had breached the terms of his severance agreement, and says that it is 'disappointed' with the High Court's decision.