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Big Bank News

Bad News For JPMorgan Workers

AP | CHRISTINA REXRODE | Posted 02.27.2013 | Business

NEW YORK -- JPMorgan will trim about 19,000 jobs over the next two years but cast a positive spin on the news: It is shrinking the unit it had beefed ...

Big Bank Finds Loophole In Controversial Financial Reform

Reuters | Posted 04.23.2013 | Business

* PE business produced $715 million in gains in 4th quarter * Norwest investments may be considered 'merchant banking' ...

Bad News For Goldman

AP | PALLAVI GOGOI | Posted 09.16.2012 | Business

NEW YORK — Another tough quarter, another reminder for Goldman Sachs that it's not just its reputation that's under attack. The once-mighty inv...

BofA Directors To Settle Claims They Overpaid For Merrill Lynch

Reuters | Posted 08.20.2012 | Business

* Definitive settlement in lawsuit vs BofA directors * Final OK may wait until after trial in securities case * Director...

BofA Accused Of Hiding Losses From Shareholders Before Huge Acquisition

Reuters | Posted 08.04.2012 | Business

* BofA accused of hiding Merrill losses, earnings dilution * Investors who owned stock, call options claimed losses * Ex...

Investor: 'Big Banker Pay Hasn't Been Tamed At All'

Reuters | Posted 07.03.2012 | Business

By Katharina Bart ZURICH, May 3 (Reuters) - UBS became the latest bank to face the anger of its shareholders over exec...

Revolt At Citi, Shareholders Say 'No Way' On Pay

The Huffington Post | Posted 06.17.2012 | Business

DALLAS, April 17 (Reuters) - Directors of Citigroup Inc lost an advisory vote of shareholders on the company's executive compensation plan, the ban...

Justice Department Reviewing Debit Card Fees

Posted 11.23.2011 | Business

Big banks shouldn't rest easy, the debit fee debacle isn't over. The Justice Department is reviewing claims by a lawmaker that banking industry of...

Poll: One-Third Of Customers Would Switch Banks Over Debit Card Fees

The Huffington Post | Jillian Berman | Posted 12.19.2011 | Business

For many, debit card fees could be enough to push customers to go through the hassle of switching banks. About one-third of consumers say they'd l...