JPMorgan Profit Rises 12% on Gains From Stock, Bond Trading
The bank boosts earnings on asset management 11% to $502 million, as total assets for the unit hit $1.8 trillion.
Algorithms Will Make JPMorgan Less Bad
JPMorgan is using algorithms "to identify rogue employees" to minimize costs and maximize ROE (and bonuses). That happens to coincide with regulatory goals.
Asian Infrastructure Investment Bank Broadens Opportunities
The U.S. may not be overjoyed at the fact, but a new investment bank in Asia represents a host of new opportunities for infrastructure growth.
FINRA Enforcement: I-Bank Hid Client’s Criminal Record From Investors
Meanwhile, the regulator slapped multimillion-dollar fines on Citigroup Global Markets and Merrill Lynch.
12 Best & Worst Broker-Dealers: Q4 Earnings, 2014
Here’s how some of the biggest firms’ earnings compared over the fourth quarter.
Former American Realty Executive Drops Whistleblower Lawsuit
Lisa McAlister had accused Nicholas Schorsch and others of firing her from the real-estate entity when accounting errors were revealed.
Stifel Moves to Buy Sterne Agee: Reports
The reported deal means Stifel could soon top 3,000 total advisors and $200 billion in client assets.
Is Investing in Movies a Good Investment Strategy?
Wade Bradley claims his Media Society has cracked the code of money-making in the risky world of film investing.
JPMorgan Profits Drop in Q4; Wells Fargo Sees Modest Improvement
One bank is hit by continued legal costs, while the other has loan and deposit growth.
Schorsch Retreats to Background While Meister Targets ARCP
The news comes as shareholder lawsuits hit sister company RCS Capital.