According to chief executive Jamie Dimon, higher capital rules, Volcker and OTC derivative reforms longer-term make it more expensive and tend to make it tougher for smaller players to enter the market, effectively widening JPM's "moat."
Lloyds Banking Group is likely to pay its staff less in bonuses for 2012 than the year before and will "undoubtedly" pay out less than the other major British banks, its chairman said on Wednesday.
UBS will award bonuses to 6,500 senior bankers in the form of bonds that can be wiped out if the company doesn’t meet capital standards, according to the Financial Times.
There are two ways to look at the news that Antony Jenkins, the CEO of Barclays, will turn down his $1.6m bonus this year.
UBS provided $2.74bn in bonuses in 2012 - the lowest level since the beginning of the financial crisis.
Bank boss Jamie Dimon is done with doing penance.
UBS posted a fourth-quarter loss after booking a fine for trying to rig global interest rates and costs tied to job cuts.
Barclays will announce its full year results on 12 February 2013, which will contain the following additional provisions relating to IRHP and PPI:
Some staff accused of 'try(ing) to get away with anything' they could, including selling 'utter complete garbage'.
Bank of America director Robert Scully won't run for re-election at the annual meeting this spring, in the latest in a series of changes on the board.
HSBC and Standard Chartered – two of the UK’s biggest international banks – will pay more than £1bn less tax a year as a result of the summer budget, according to estimates from City analysts.
Consumers can learn a valuable lesson from Wednesday's indictment of a Las Vegas executive and two associates for running an alleged $1.5 billion Ponzi scheme that bilked thousands of victims: It's vital to vet your advisors.
A day after halting floor trading for nearly four hours amid a technical issue, the New York Stock Exchange issued a statement explaining what happened.