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BofA, Mack, Merrill, Morgan Stanley, Wachovia

Bank of America posted its first quarter profits last week - net income rose 5.4% to $5.26bn. Profit over at the investment banking unit fell slightly from $1.52bn for the same period 12 months ago to $1.45bn, due mainly to higher compensation costs.

Here Is The City News Shorts

Barclays Bank CEO John Varley said at an investor conference in New York earlier this week that his bank's wealth management operations should be able to generate £500m in profits before too long. The unit posted pre-tax profits of £172m in 2005.

Citi - Prince Wins CEO Pay Vote

The Wall Street Journal reports that Citi shareholders voted down a proposal at the company's annual meeting earlier this week which would have limited Chairman and CEO Chuck Prince's pay to no more than 100 times the average pay of the company's total employee-base (some 300,000 staff).



FA Cup

And The IFR Bank Of The Year Is...

Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, has announced the winners of the International Financing Review Awards 2012.