New York – Citigroup Inc. has reported first quarter 2011 net income of $3.0 billion, or $0.10 per diluted share. Net income declined $1.4 billion from the first quarter 2010, but more than doubled sequentially.
The Wall Street Journal reports that Germany's WestLB, which almost collapsed during the financial crisis 'has accepted European Union demands that it reduce its balance sheet and operations, with the lender expected to cut 80%' of its 5,000 staff.
London - The Fulham Chronicle reports that Tom Wilson, a broker over at Numis Securities, turned hero earlier this month when he saved the life of a suicidal man who had jumped into the River Thames at Hammersmith to end it all.
Bank of America's first-quarter earnings were out Friday, and although the bank posted its first profit in three quarters, Q1 earnings fell 36% to $2.05bn on the same period last year.
The Annual Global Accelus Survey by Thomson Reuters GRC polled more than two thousand senior governance professionals, compliance officers and legal counsel who manage risk everyday for their companies, and survey data indicate that today’s rigid regulatory environment may be stifling economic growth.
UBS has officially opened the Hong Kong Campus of the UBS Business University at Li Po Chun Chambers in Sheung Wan, Hong Kong.
Breaking News - A New York-based reporter, working undercover in Goldman's executive suite for the last several months, has filed a report that finally lifts the lid on how Goldman Sachs manages to prosper in good years and bad, and reveals the sensational secret that the firm's leaders never wanted made public.
CHARLOTTE – Bank of America Chief Executive Officer Brian Moynihan has made several announcements concerning the executive management team, to be effective after a planned transition period of several months.
The overall suicide rate rises and falls in connection with the economy, according to a US Centers for Disease Control and Prevention study released online this week by the American Journal of Public Health.
Peter Lynch (born January 19, 1944) is a Wall Street stock investor. He is currently a research consultant at Fidelity Investments.