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Who you gonna call if you split up JPMorgan ?

Ghostbusters 2 Screen

Mary Callahan Erdoes, head of JPMorgan’s asset-management unit, said calls to break up the largest global banks ignore the benefits of size and show a lapse in memory about what worked to stem the financial crisis.

Morgan Stanley to splash out more

Morgan Stanley building

Morgan Stanley plans to spend more money on share buybacks and dividends in 2015, executives said, in a step that could help the bank reach a key profitability target this year.



Jefferies Logo

People News: Citigroup, Jefferies

Citigroup’s Jeff Perlowitz, who helped build - and after the financial crisis, rebuild - the market for mortgage-backed securities, is retiring after more than three decades on Wall Street.

Hard at work

BofA settles trainee overtime lawsuit

Bank of America and its Merrill Lynch unit will pay $14m to settle lawsuits claiming that they forced financial adviser trainees to work 60 hours and more per week, including on weekends, without paying them overtime.