JPMorgan Chase CEO Jamie Dimon's got egg on his face over that $2bn trading loss - but should he stand down ? We did a quick poll, and here's what you said.
The US Justice Department opened an investigation into how JP Morgan lost more than $2bn in poorly managed trading at its London office as the bank's embattled boss, Jamie Dimon, saw off attempts by shareholders to strip him of his role as chairman.
US President Obama has said JP Morgan Chase's $2bn trading loss demonstrates the need for tighter financial services regulation, amid reports that Ina Drew, the bank's departing chief investment officer, is walking away with a $32m payout.
Selling off the taxpayer stakes in Royal Bank of Scotland and Lloyds Banking Group could take years, according to financial experts who also told a committee of MPs that banker bashing needed to stop to help the shares prices recover.
Facebook has raised its initial public offering price to between $34 and $38 a share after being "swamped", confounding sceptics who say the social network is overvalued.
Fun and games at the JP Morgan Chase annual meeting.
Here's some hiring, people and other news.
Bloomberg TV's Erik Schatzker sat down with Toronto Dominion CEO Edmund Clark, who calls himself an old-fashioned banker, to talk about the strategy of Canada's second-biggest bank and why the countries’ banks have fared better than U.S. counterparts.
Supporters of a financial transaction tax have a strong ally in the new French president, François Hollande, who wants to recycle the revenue raised from the so-called Tobin tax into growth-enhancing investment projects.
'Revenge is a dish best served cold'.
Oops! Goldman Sachs on Wednesday retracted a downgrade of WebMD stock issued earlier in the day, citing a calculation error.
JPMorgan CEO Jamie Dimon defended the financial firm's size on Wednesday, saying "larger does not necessarily mean more risky."
Fund management companies that invest billions of pounds of savers’ money pose a threat to global financial stability and regulators should police them more closely, according to the International Monetary Fund.