This is getting very serious now.
Here's the latest from our Highly Placed Professional.
Good news, bad news.
The executive team over at Bank of America definitely (well, maybe) has a game plan to turn around the ailing giant.
Here's a few links to some interesting Bloomberg, CNBC, Fox Business, New York Post, New York Times and Reuters stories currently doing the rounds.
In case you missed them, here's last week's top stories.
There's no getting away from it - even on a Friday.
The New York Times reports that at least 16 protesters from Occupy Wall Street were arrested after a 'large group' of demonstrators were said to have marched on the Goldman HQ in Lower Manhattan Thursday.
The Board of Directors of MF Global Holdings Ltd. has announced the resignation of Jon Corzine from all posts at MF Global. Corzine has confirmed that he will not seek severance payments in connection with his resignation.
Groupon’s US$700 million IPO is 2nd largest Internet IPO this Year.
JPMorgan, the world’s biggest investment bank, lowered its target for returns at that business and plans to cut $2.8bn in costs because higher capital requirements are crimping profit.
HSBC is suffering “horrible reputational damage” as a result of the exposure of the systematic aiding of tax avoidance in its Swiss subsidiary, the bank’s chairman has conceded before MPs.
The nascent industry of bitcoin derivatives got a high-profile boost on Wednesday, as a London-based trading platform was launched by ex-employees of some of the world's leading investment banks.