Morgan Stanley, the firm that’s deferring all bonuses for top earners, set aside $6.65bn in 2012 to pay investment-bank employees, a 7.6% decline from a year earlier.
Just because you are lonely in real life doesn't mean you have to be lonely in your virtual life anymore.
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.
The report that JPMorgan Chase released this week about its London Whale trading losses has some amazing omissions.
Bank of America brokerage head John Thiel, who boosted incentives for financial advisers to steer clients to more of the lender’s products, said the firm’s strategy to garner more fees is taking hold.
Bloomberg's Stephanie Ruhle and Erik Schatzker walk you through the timeline of JPMorgan's 'London Whale' trade.
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 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.
E*TRADE Financial Corporation has announced that its Board of Directors has appointed Paul T. Idzik Chief Executive Officer, effectiveJanuary 22, 2013.
There's no let-up.
The prosecution in the first trial of a defendant accused of rigging Libor told the jury on Monday that what mattered was the dishonest intent to influence benchmark interest rates for profit, not the outcome of the manipulation.
In the latest move from regulators to prevent banks from being too big to fail, eight institutions have been hit with capital surcharges.
Complying with European Union regulations costs British asset managers $3.13bn a year and the EU should find ways to cut managers' costs when they sell their funds across the bloc, a report said on Monday.