Wells Fargo, a firm looking to trim more than $1.7bn in quarterly expenses by the end of this year, may move some jobs overseas.
Credit Suisse Group CEO Brady Dougan, caught off guard last week when the Swiss central bank said he must raise capital faster, faces mounting public criticism and dissent from employees.
Now here's a really revealing interview - some proper insight you rarely get from a senior executive in a Wall Street firm on job cuts, European headcount needs, the firm's business model going forward, his own future, the JPMorgan trading debacle, and Europe and the need for a 'Lehman moment'.
Jamie Dimon told lawmakers this week that J.P. Morgan Chase, the largest bank in the entire country, is not too big to fail. He even said it with a straight face.
Deutsche Bank and Guggenheim Partners have ended negotiations on the potential sale of RREEF, the German bank's global alternative asset management business, after failing to agree on terms.
James Sanders, a director of Blue Index, a specialist Contract for Difference (CFD) brokerage, his wife Miranda Sanders and James Swallow, a co-director of Blue Index, have been sentenced for insider dealing contrary to section 52 of the Criminal Justice Act 1993.
Banks should seize on the row over the sale of complex financial instruments to small businesses to reform their relationship with customers and link staff pay to customer service, according to the outgoing head of the Financial Services Authority.
Details have emerged about the last few years of former Lehman Brothers banker Charles Hopper, who hanged himself in his garage at his home in Connecticut last month.
JPMorgan CEO Jamie Dimon has defended how his bank publicly disclosed those $2bn plus in trading losses incurred earlier this year.
Jamie Dimon, CEO of JPMorgan Chase, said the European debt crisis is a larger threat to his firm than the loss of more than $2bn the bank sustained from bets on credit derivatives.