WASHINGTON – Concluding a two-year bipartisan investigation, Senator Carl Levin, D-Mich., and Senator Tom Coburn M.D., R-Okla., Chairman and Ranking Republican on the Senate Permanent Subcommittee on Investigations, Wednesday released a 635-page final report on their inquiry into key causes of the financial crisis.
The Wall Street Journal reports that JPMorgan has set aside some $3.3bn in the first quarter in compensation for bankers in its investment banking unit.
BBM Search has just published the results of its 2011 salary survey. Using data obtained in March 2011 from over 1,300 respondents, 3,000 registered candidates and over 500 registered vacancies, the survey has thrown up some interesting findings.
UBS expands its existing structured products capabilities by acquiring Luxembourg Financial Group (LFG), a structured products boutique and specialist asset manager.
By Matt Roberts.
The Cumbrian News & Star reports that a UK coroner has ruled that a 51-year-old former Deutsche and JPMorgan investment banker died after accidentally overdosing on heroin after drinking tea made with crushed opium seeds he bought on the internet.
The turnaround is underway over at Morgan Stanley, but will be a slow process.
The Financial Times reports that Deutsche Bank is planning to reorganise its US operations in order to sidestep raising billions in additional capital under the new Dodd-Frank legislation.
Fischer Sheffey Black (January 11, 1938 – August 30, 1995) was an American economist, best known as one of the authors of the famous Black–Scholes equation.
New York, April 13, 2011 – JPMorgan Chase & Co. (NYSE: JPM) today reported first-quarter 2011 net income of $5.6 billion, compared with net income of $3.3 billion in the first quarter of 2010. Earnings per share were $1.28, compared with $0.74 in the first quarter of 2010.
Joshua Wilkes, co-head of investment-grade credit at Deutsche Bank, has left the firm, according to two people with knowledge of the matter.
The price of the digital currency bitcoin rose sharply on Monday with news that the U.S. is set to have its first regulated exchange.
Interest rates in the UK could rise sooner than markets expect, a top Bank of England policymaker has said.