Page 920 


JPMorgan investigations said to find hacking clues

Computer Hacker

JPMorgan Chase's own investigators have found clues that a global network of computers available for hire by sophisticated criminals was used to reroute data stolen from the bank to a major Russian city, according to people familiar with the probe.

Ex-Goldman trader loses $5m bonus claim

Lloyd Fonzie Blankfein

Former Goldman Sachs trader Deeb Salem struck out in his pursuit of almost $5 million in bonus money on top of $8.25 million he received in 2010 as a Manhattan judge upheld an arbitration panel’s decision favoring the bank.

CIBC has $1.8bn wealth-management war chest


Canadian Imperial Bank of Commerce would consider spending as much as US$1.8 billion) on wealth-management takeovers, incoming Chief Executive Officer Victor Dodig said, setting a new ceiling for acquisitions by the country’s fifth-biggest bank.



Citi Building Sign

People News: Citigroup, Sberbank

Citigroup lost two traders in its North America interest-rates trading group, including its head of automated market making, Mike Sung, according to people with knowledge of the matter.