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By Julia Leite and Cordell Eddings, Bloomberg |
July 27, 2012
The Dow Jones Industrial Average climbed above 13,000 for the first time since May, while Treasuries fell and commodities gained amid speculation European policy makers may take steps to ease the debt crisis.
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By Nicholas Comfort and Jan-Henrik Forster, Bloomberg |
July 24, 2012
Deutsche Bank AG, Germany’s biggest bank, said it will reduce risk to meet its 2013 capital ratio goal after second-quarter profit missed analysts’ estimates on expenses tied to a weaker euro.
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By Michael J. Moore, Bloomberg |
July 19, 2012
Morgan Stanley reported a 50 percent drop in earnings and said it will cut more jobs as revenue from trading stocks and bonds declined the most among Wall Street banks.
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By Hugh Son, Bloomberg |
July 18, 2012
Bank of America Corp., shaking off some of the drag caused by faulty mortgages, swung to a second- quarter profit as real estate-unit losses narrowed and the company set aside less money for bad loans.
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By Howard Mustoe, Bloomberg |
July 2, 2012
Barclays Plc Chairman Marcus Agius resigned after the bank was fined a record $455 million for trying to rig interest rates.
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By Dakin Campbell and Michael J. Moore, Bloomberg |
June 22, 2012
Credit Suisse Group AG’s credit rating was cut three levels and Morgan Stanley’s was reduced by two as Moody’s Investors Service downgraded 15 banks in moves that may shake up competition among Wall Street’s biggest firms.
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By Michael J. Moore, Bloomberg |
June 11, 2012
Wall Street bankers and traders, given hope by a market rebound in the first quarter, are now seeing earnings and paychecks threatened by turmoil in Greece in what is becoming an annual cycle.
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By Michael J. Moore, Bloomberg |
June 6, 2012
Morgan Stanley has had talks with private-equity firms including Blackstone Group LP as the bank considers options for its commodities trading unit if the Volcker rule outlaws some activities.
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June 6, 2012
The proportion of investment bankers who got no bonuses last year more than doubled to about 14 percent, a poll by executive-search firm Options Group shows.
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By Michael McFarlin |
May 24, 2012
One of the major concerns supposedly addressed in the Dodd-Frank Act was that many banks had become “too-big-to-fail.” Here's a look at the size of the 10 largest banks in 2008 compared to now.
