Deeper cuts needed over the coming months.
Morgan Stanley reported profit that beat analysts’ estimates as a surprise jump in fixed-income results helped the firm post the only increase in trading revenue among the six biggest U.S. firms this year.
Goldman Sachs, the Wall Street firm with the highest return on equity in 2013, reported earnings that topped analysts’ estimates as investment-banking revenue jumped to the highest level since the financial crisis.
Barclays will provide a Group Strategy Update on Thursday, 8 May 2014 for institutional investors and analysts.
Deutsche Bank is in talks with potential buyers of its Cosmopolitan resort in Las Vegas as it tries to end a six-year, money-losing venture into casino development, people with knowledge of the matter said.
Citigroup, which aspires 'to become the world's digital bank', will not webcast its annual meeting next week in St. Louis.
Even when he loses, the billionaire investor Steven A. Cohen manages to find a way to win.
U.S. banks including Goldman Sachs should be banned from owning commodities businesses because they could threaten the institutions and global supply chains, Senators Sherrod Brown and Elizabeth Warren told the Federal Reserve.
On a sliding scale of difficulty, writing a general-interest book about high-frequency trading is slightly harder than making baseball statistics interesting, but easier than animating the role played by quantitive analysis in the 2007 financial collapse.
Moelis climbed in its trading debut after raising less than planned in the first U.S. initial public offering of an investment bank since the financial crisis.
Lloyd Blankfein said he is winning his battle with cancer.
Deutsche Bank's head of asset management, Quintin Price, named several of predecessor Michele Faissola’s lieutenants to key roles in running the newly-created division.
Barclays agreed to transfer a portfolio of derivatives contracts to JPMorgan, as the bank speeds up the sale of unwanted assets to reduce its capital requirements.