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State Street Plans 630 Job Cuts

Depression, Suicide

State Street, the third- largest custody bank, said it will eliminate 630 jobs in its third round of cuts in two years to bolster profit as record low interest rates weigh on revenue from lending.

What Is Goldman Sachs ?

Goldman Crowned

The firm never uses the word "trading" when talking about its earnings. Yet it derives about half of its income from things that many people would consider trading.

JPMorgan Said To Reach Deal With 'Whale' Boss

Beached Whale

JPMorgan Chase & Co has reached an out-of-court settlement over its lawsuit against the former boss of Bruno Iksil, the trader known as the 'London Whale' for huge bets he took that cost the bank $6.2bn, a person familiar with the matter said.

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