Morgan Stanley Profit Beats on Strength in Equity Trading, Underwriting
Morgan Stanley reported a better-than-expected quarterly profit on Tuesday, driven by higher revenue in its stock trading and equity underwriting businesses.
JPMorgan Steps Up Push for Women Executives and Clients
JPMorgan Chase & Co. is expanding the reach and funding of a group established to promote women working inside the bank to also help female clients, including entrepreneurs and individuals.
Citigroup Hires Three Software Investment Bankers
Citigroup Inc. has hired three investment bankers for its technology investment banking group focused on software in the United States and in Europe, according to a memo published internally at the bank and confirmed by a spokeswoman on Monday.
Goldman Names New Operating Chief, Finance Head in Executive Shakeup
Goldman Sachs Group Inc. on Thursday announced its biggest management shakeup since naming David Solomon as CEO Lloyd Blankfein’s successor.
Citigroup CFO Gerspach to Retire, Be Replaced by Mason
Citigroup Inc.’s longtime CFO John Gerspach will retire in March, to be replaced by Mark Mason, CFO of the institutional clients group, the third-largest U.S. bank told employees on Tuesday.
Citigroup Shakes up Consumer Bank and Card Chief Leaves
Citigroup Inc. restructured its consumer bank on Monday, elevating one executive and triggering the departure of another, as the third-biggest U.S. bank moved to improve results.
Morgan Stanley Beats Estimates on Higher Trading Revenue
Morgan Stanley reported a better-than-expected quarterly profit on Wednesday, driven by higher revenues in equities and fixed income trading as well as investment banking.
Citigroup, with Limited Options, Hopes to Lure Deposits Digitally
Citigroup Inc. is facing a unique dilemma among the four largest U.S. banks: it is light on deposits from individuals, an important funding source that costs little and tends to stick around.
JPMorgan Chase Takes Smartphone Account ‘Finn’ Nationwide
JPMorgan Chase & Co. said that it is now offering a digital bank account for smartphones nationally after testing and refining the app in St. Louis since October.
Wells Fargo Faces Costly Overhaul Of Bankrupt Sales Culture
Embroiled in a scandal over unauthorized customer accounts, Wells Fargo & Co. faces a steep challenge in overhauling its hard-charging sales culture without gutting profits.
Citigroup To Pay $425M Over Attempted Benchmark Manipulation
Citigroup Inc. has agreed to pay $425 million to resolve civil charges by the Commodities Futures Trading Commission it tried to manipulate foreign exchange and interest rate benchmarks, the latest settlement in ongoing international probes of global banks. Citigroup...Morgan Stanley Quarterly Profit Drops 42 Percent, Shares Plunge
Wall Street bank Morgan Stanley reported a quarterly profit that fell far short of market expectations, capping a generally downbeat quarter for big U.S. banks after investors fled the bond, currency and commodity markets. Morgan Stanley’s profit slumped for the...
