Jamie Dimon, Brian Moynihan ? Nope.
How the mighty have fallen.
The orders surged in. Sell, sell, sell.
From the beginning, one of the concerns expressed by lawyers for hedge fund portfolio manager Michael Steinberg was that their client would have a hard time finding jurors who weren’t biased by the overload of negative news coverage of his employer, SAC Capital.
The Wall Street firm with the biggest revenue decline last quarter, said its currency trading business didn’t incur a loss in the period as the bank sought to clarify a figure in a regulatory filing.
A former Merrill Lynch broker who managed as much as $1bn has been suspended and fined by Wall Street's watchdog for allegedly not telling the firm about potentially suspicious funds transfers involving clients' accounts, according to a settlement.
A Swiss roll ?
Some of the world's biggest banks have banned traders from using chat rooms following a series of allegations related to fixing rates.
Europe’s biggest banks, led by Lloyds Banking Group and Deutsche Bank, have racked up more than $77bn in legal costs since the financial crisis, five times their combined profit last year.
UBS has reached an immunity deal with European Union antitrust authorities that will spare the giant Swiss bank from further fines for manipulation of benchmark interest rates, according to people familiar with the matter.
BNP Paribas, the French bank, became the latest big European bank to report profits fell at its investment bank, as it was boosted overall by retail.
Worldwide M&A activity hits $3.7 trillion, up 40% for biggest year-over year gain since '97-98
For investors, John Cryan’s plan to revive profit at Deutsche Bank looks too much like the strategy that contributed to his predecessor’s departure: thin on details. The shares fell the most in two months.