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Goldman - 'Simmering Tension' Said In Top Ranks

Reservoir Gods

The New York Post reports that, according to its sources, the close-knit relationship between Goldman Sach’s tag-team leadership duo — Chairman and CEO Lloyd Blankfein and President Gary Cohn — is showing signs of fraying.

JPMorgan Said To Transform Treasury To Prop Trading

Jamie Dimon

Bloomberg reports that JPMorgan Chase CEO Jamie Dimon has transformed the bank’s Chief Investment Office in the past five years, increasing the size and risk of its speculative bets, according to five former executives with direct knowledge of the changes.



Pulling Hair

Banks improving their culture, compliance

Prominent corporate lawyer H. Rodgin Cohen said Friday that he sees the environment between banks and their regulators as one of the most tension-filled times of his career.

HSBC building sign

Credit union sues HSBC

The National Credit Union Administration Board filed suit against HSBC, alleging it did not fulfil trustee duties for 37 residential mortgage-backed securities trusts, the group said on Friday.