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's the league table of Fortune magazine's largest US corporations by 2006 revenues:
Here's the list of the most profitable companies in the US for 2006 as compiled by Fortune magazine.
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.
Our quest to find the 'Best IT Recruitment Firm' in the financial markets ends at the close of play Wednesday.
David Evans had everything going for him. He was doing well at Duke University, was Captain of the lacrosse team, and had a Wall Street job offer in the bag. Then his world fell apart.
Reuters reports that shares in Jefferies Group rose 5% Wednesday amid rumours that the firm is a takeover target.
The Times reports that Goldman Sachs is thought to have signed off on a $4.6m two-year comp package to bag star Citigroup investment banker Anthony Gutman.
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).
The Wall Street Journal reports that Dutch bank ABN AMRO has extended its exclusive merger talks with Barclays Bank until 20th April, as the parties attempt to hammer out an amicable deal.
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.
It's not smart trying to be smart at this firm.
It's been a bad two weeks for this firm. All the news has been bad news.