Easing Basel Rules Boosts Bank Stocks, but Hazards Linger
European banks’ persistence paid off in mid-January as the Basel Committee somewhat relaxed two of its requirements on leverage and liquidity ratios.
Citigroup Earnings Miss as Bond Trading Slump Slows Recovery
Net income at Citigroup more than doubled to $2.69 billion from $1.2 billion a year earlier.
SEC Names Choi, Aronow to Key Posts
Choi will be "a vital asset" in the IM Moving Ahead improvement project, while Aronow fills a key spot as "international regulatory arena continues to grow," says SEC Chairwoman Mary Jo White.
UBS Signals Sizable Jump in Net Profits for Q2
Estimated net asset inflows for Wealth Management Americas at $2.9 billion for its 7,000-plus advisors in Q2 2013.
‘Antichrist’ at SEC, Dimon, Bush Among Villains of Financial Crisis: Tavakoli
To Wall Street scourge Janet Tavakoli, the list of financial-crisis villains still evading responsibility is not short and includes, to name a few, Jamie Dimon, Jon Corzine, Tim Geithner, Mary Schapiro, George W. Bush, President Obama and the financial media.
Knight Capital Blunder Hastens SEC Rulemaking on Exchange Integrity
After a computer mishap spewed orders through stock exchanges on Wednesday and led to a $440 million loss at market maker Knight Capital Group, the SEC is speeding efforts to require exchanges to ensure the “capacity and integrity of their systems.”
London’s ‘Whale’ Loses $2 Billion for JPMorgan
CEO Jamie Dimon said that the office suffered an “egregious” failure and that losses from volatile synthetic credit securities could mount by another $1 billion in this quarter or the third.
Compensation Spending Down at Goldman, Up at Smaller Firms
Goldman Sachs ended 2011 with one of the lowest compensation-to-revenue ratios of the publicly traded investment banks, 42%, according to SNL Financial analysis.