'Today marks seven months since I had to get up and go to work. How time flies!
Citi CEO Vikram Pandit remains bullish about the prospects of his firm.
JP Morgan Chase aced the US bank stress test. Jamie Dimon's 'fortress balance sheet' is a reality, it seems.
Here's April's re-cap from Thomson Reuters.
JPMorgan Chase CEO Jamie Dimon.
'Bank of America Corporation said the Federal Reserve has notified it of the stress test results. The test shows that in order to weather two years of the most severe economic circumstance, Bank of America would need to increase Tier 1 common capital by $33.9 billion.
Here's a selection of comments made by those in the know on the relevancy (or otherwise) of the 'stress tests' recently undertaken on 19 of the largest financial institutions in the US.
The Independent reports that a UK High Court has ordered brokerage firm MF Global to pay a day trader $30m compensation, after deceiving him over the amount of losses he incurred when trading.
Here'a an article provided by Claire Dawson, a Solicitor in the Employment law team at Russell Jones & Walker.
The Financial Times reports that UBS's wealth management unit is to bear the brunt of the 8,700 job cuts the bank aims to make by the end of next year.