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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.

Wall Street passing out cash to boost GOP hopefuls

Wall Street sign

Wall Street is spending more on midterm elections than ever before-particularly in support of Republicans, who have a good shot of taking control of the Senate. But the donations are not coming from who you might think.



Oliver Twist

Barclays said to boost severance for some employees

Barclays boosted severance packages for equities employees dismissed in Tokyo last month, adding the equivalent of three months of pay to some of the 80 workers affected who had rebuffed initial offers, people familiar with the matter said.


Barclays to face electricity price lawsuit

A U.S. judge ordered Barclays to face a proposed class-action lawsuit in which a California water utility accused the British bank of illegally manipulating electricity prices in the western United States, causing purchasers to overpay.