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JPMorgan sets aside less pay for staff

Jamie Dimon

JPMorgan Chase set aside 3% less to pay employees at its investment bank in the first nine months of 2014 as revenue in the division slumped, driven by a 12% drop in fixed-income trading.

Wall Street passing out cash to boost GOP hopefuls

Wall Street sign

Wall Street is spending more on midterm elections than ever before-particularly in support of Republicans, who have a good shot of taking control of the Senate. But the donations are not coming from who you might think.




Time for the annual British bank results bust-up

Most of Britain’s banks report their annual results this week in probably the most frenzied atmosphere since the financial crisis. Bank shares have plunged as investors have fretted about their financial strength, prompting Deutsche Bank and Credit Suisse to go public with reassuring comments.

Warren Buffett

Buffett's Berkshire Hathaway changed in S&P's eyes

Credit ratings agency Standard & Poor's is formally acknowledging what Warren Buffett watchers have known for years: Berkshire Hathaway has transformed itself from an insurance holding company to a full-fledged corporate conglomerate.