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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.



Larry Fink Interview Pic

Larry Fink To Square Up Against Jamie Dimon ?

Bill Rubin, BlackRock's senior investment analyst responsible for picking financial-company stocks, didn’t mince words a year ago when he e-mailed JPMorgan Chase right after the bank disclosed a trading loss that ultimately cost more than $6.2bn.