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Bank CEOs see US economy improving

Statue Of Liberty

Weakness in stocks is distracting from tailwinds in the economy: lower oil prices, a better U.S. economy and high cash levels at U.S. corporations.

JPMorgan sets aside less pay for staff

Jamie Dimon

JPMorgan Chase set aside 3% less to pay employees at its investment bank in the first nine months of 2014 as revenue in the division slumped, driven by a 12% drop in fixed-income trading.




C Suisse to sell distressed assets

Credit Suisse has begun selling $1.9bn of distressed-debt holdings that triggered losses at the end of last year, as part of an overhaul by CEO Tidjane Thiam, people with knowledge of the matter said.