Ever wondered what goes down ?
Patrick de Nonneville, Goldman Sachs’s co-head of European interest-rates trading, left the bank and is working with a new company focused on lending for small and medium-sized businesses in France.
An activist investor group said it is withdrawing a shareholder resolution that called for Bank of America to have an independent board chair, easing some of the pressure the bank faced after giving its Chief Executive Brian Moynihan the additional title of chairman last year.
"The views and the facts are completely different, OK?" Dimon said, after being asked about a breakup.
Citigroup, said profit tumbled 86%, missing analysts’ estimates after year-end trading slumped more than forecast.
JPMorgan has suspended a foreign-exchange trader over allegations of wrongdoing related to his work at Royal Bank of Scotland, according to a person with knowledge of the decision.
Citigroup lost an appeal on Wednesday aiming to block Abu Dhabi Investment Authority from pursuing a second arbitration over the sovereign wealth fund's $7.5bn investment in late 2007 to shore up the then-struggling bank.
The odds are stacking up against Peter Sands keeping his job.
Goldman Sachs named Pablo Salame, co-head of the firm’s trading unit, as chairman of the partnership committee.
Bank of America reported quarterly earnings that fell short of analysts' expectations on Thursday.