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Trader said lied to customers, jury verdict near


Former Jefferies Managing Director Jesse Litvak lied to customers who sought to buy mortgage bonds at the best possible price, defrauding pension funds, retirement accounts and even the U.S. Treasury to enrich himself, a jury was told as a verdict neared.

Bank earnings good enough, Dimon upbeat on economy

Jamie Dimon

The first wave of earnings reports has rolled in, and they are "good enough," with Bank of America , PNC and JPMorgan all beating on the bottom line, while Wells Fargo at 96 cents was a bit shy of the $1 consensus.



Michael Corbat

Citi CEO asks for patience

Citigroup CEO Michael Corbat asked investors for more patience on Wednesday in explaining how the bank failed to meet four-year-old performance targets, even as vibrant markets drove profits higher in the fourth quarter.

Richard Fuld

Dick Fuld backs multifamily office

Richard Fuld is backing a multifamily office that will help small-business owners manage their personal wealth, part of a comeback effort by the former head of failed investment bank Lehman Brothers.

Money On Hook

State Street to pay $64.6m, name monitor after fraud

State Street agreed to pay $64.6 million and cooperate in the U.S. prosecution of former executives, while admitting it overcharged six clients in Europe, Africa and the Middle East. The Boston-based bank also agreed to appoint a compliance monitor.