The firm never uses the word "trading" when talking about its earnings. Yet it derives about half of its income from things that many people would consider trading.
JPMorgan Chase & Co has reached an out-of-court settlement over its lawsuit against the former boss of Bruno Iksil, the trader known as the 'London Whale' for huge bets he took that cost the bank $6.2bn, a person familiar with the matter said.
E*TRADE Financial Corporation has announced that its Board of Directors has appointed Paul T. Idzik Chief Executive Officer, effectiveJanuary 22, 2013.
There's no let-up.
Barclays is weighing whether to recoup some or all of the £290m Libor rate-rigging fine imposed by regulators last year from the 2012 bonus pool of its investment bankers.
Sale of 37-storey New York office to net company $770 million in profit.
A Goldman Sachs lawyer argued to jurors that the founders of speech-recognition pioneer Dragon Systems Inc. are scapegoating the investment bank for their own mistakes in a $580m all-stock sale rendered worthless when the buyer was exposed as a fraud.
Bank of America and Citigroup posted two of the three biggest declines in the Standard & Poor’s 500 Index Thursday, after results fell short of those at rivals as managers had to focus on cutting costs.
By Alastair Fairbrother, Associate Director, Financial and Professional Services, Fishburn Hedges
The "new normal" of slow economic growth, high unemployment and government debt problems could be over in the not-so-distant future, Pimco's Mohamed El-Erian says.
A former Goldman Sachs programmer who took the firm’s high frequency trading code when he left for another job was exonerated a second time after a judge ruled what he did wasn’t a crime.
Boris Johnson is calling for the top rate of income tax to be cut to 40p and for large firms to pay the living wage to employees just days before the first Conservative budget for 19 years.
Courteous. Dignified. Almost statesmanlike.