Overconfidence Games: Beware of Advisers Who Are 100% Certain by Selena Maranjian May 30th 2013 2:44PM It's tempting to want a financial adviser who sounds sure of his advice. But a new study shows how being overconfident lets them get away more easily with being wrong.
New Rule on Goldman Sachs Bonuses: Don't Embarrass the Firm by Eamon Murphy May 28th 2013 3:49PM Goldman Sachs employees earn stellar bonuses, even by Wall Street's standards. But now, bonuses will be tied to more than earnings; they'll also be tied to avoiding bad PR.
JPMorgan Chase CEO Jamie Dimon Retains Chairmanship by Eamon Murphy May 21st 2013 12:46PM Jamie Dimon has maintained his dual role at JPMorgan Chase, after shareholders at the firm's annual meeting voted down a proposal to split the positions of CEO and chairman.
Sometimes, It's Better Not to Check Your Stock Portfolio by Dan Caplinger May 14th 2013 5:00AM Technology has made it easier than ever to keep constant tabs on every detail of your investments. But do you really need to micromanage your portfolio all day, every day?
Bloomberg Probed Over Reporters' Access to Client Data by Reuters May 13th 2013 8:16AM Bloomberg customers were examining whether there could have been leaks of confidential information, even as the media company restricted its reporters' access to client data.
Dimon May Leave JPMorgan If Stripped of Chairmanship by Reuters May 13th 2013 7:53AM JPMorgan Chase Chairman and CEO Jamie Dimon said he may consider leaving the bank where he has held the top post since 2005, if shareholders vote to split his duties.
JPMorgan Sued by California Over Credit Card Robosigning by DailyFinance Staff May 10th 2013 9:16AM JPMorgan Chase has been sued by the state of California for allegedly using robo-signing and other illegal practices to collect debts from 100,000 credit card holders.
Calif. Sues JPMorgan Chase For Debt-Collection Tactics by The Associated Press May 10th 2013 7:00AM California's attorney general has sued JPMorgan Chase, alleging that used illegal tactics in its efforts to collect debts from more than 100,000 credit card holders.
A Davos Grows in the Desert: Why the SkyBridge Conference Matters by CNNMoney May 9th 2013 11:53AM Hedge fund manager Anthony Scaramucci has elevated his Skybridge Alternatives confab in Vegas into a conference of big ideas.
How to Handle the Dangers of DIY Investing by Dan Caplinger May 4th 2013 5:00AM Wall Street wants you to believe that you need professional help to manage your money, but most investors prefer to go it alone. And you, can, if you dodge these pitfalls.
JPMorgan Faces Federal Probe Over Energy Trading 'Schemes' by Eamon Murphy May 3rd 2013 11:35AM The latest federal inquiry to focus on JPMorgan Chase bears uncomfortable similarities to one of the most notorious chapters in U.S. business history: the Enron scandal.
JPMorgan Facing Multiple Federal Investigations by DailyFinance Staff May 3rd 2013 9:15AM At least eight federal agencies are reportedly investigating JPMorgan Chase for a broad variety of misdeeds, from improper debt collection to staying quiet on Bernie Madoff.
Top Executives Leaving JPMorgan, Avon by DailyFinance Staff Apr 29th 2013 9:00AM Another top executive is leaving JPMorgan Chase: one of two COOs will become the ninth exec to leave in the past year and a half. And Avon chairman Fred Hassan has resigned.
Another Top JPMorgan Chase Executive Departs by CNNMoney Apr 28th 2013 4:30PM Another one of Jamie Dimon's key executives is leaving JPMorgan Chase, the firm announced Sunday. Frank Bisignano becomes the ninth top exec to depart in the past 18 months.
Morgan Stanley Profit Falls, But Beats Wall Street Expectations by The Associated Press Apr 18th 2013 7:55AM Morgan Stanley says profit and revenue dropped in the first quarter, though the results beat Wall Street expectations.
Bank of America to Pay $500M to Settle Investor Lawsuit by The Associated Press Apr 18th 2013 6:36AM Bank of America says it will pay $500 million to settle a class-action lawsuit involving investors who say they were misled in their purchase of mortgage-backed investments.
American Express Profit Boosted by Higher Cardmember Spending by Reuters Apr 18th 2013 6:11AM Credit card company American Express Co.'s quarterly revenue came in below analyst expectations as cardmember spending growth remained muted.
Bank of America's Quarterly Profit Soars as Revenues Sink by Reuters Apr 17th 2013 7:55AM Bank of America's profit soared in the first quarter, helped by mortgages and wealth management, but revenue fell and profits missed expectations.
Goldman Sachs Earnings Beat Analyst Estimates by The Associated Press Apr 16th 2013 12:30PM Goldman Sachs reported first-quarter results that beat analyst forecasts thanks to a pickup in stock and bond underwriting.
U.S. Regulator to Fault JPMorgan Over Madoff Accounts by Reuters Apr 16th 2013 9:15AM Regulators plan to fault JPMorgan Chase, which served as Bernie Madoff's main bank for two decades, for failing to report suspicious activity, a source says.
U.S. Bancorp's Q1 Earnings Miss Wall Street Forecasts by The Associated Press Apr 16th 2013 8:43AM U.S. Bancorp's first-quarter net income rose 7 percent as lower costs offset falling revenue, shy of most Wall Street predictions.
Wells Fargo Reports 23% Surge in First-Quarter Profits by Reuters Apr 12th 2013 8:46AM Wells Fargo reports a 23 percent jump in first-quarter profit as the bank set aside less money to cover bad loans and it held down costs.
JPMorgan Earnings Soar to $6.1 Billion in First Quarter by The Associated Press Apr 12th 2013 7:35AM JPMorgan Chase, the country's biggest bank by assets, says its first-quarter earnings soared to $6.1 billion, even as revenue fell slightly.
Payments to Wealth Advisers Shows Some Funds Aren't 'Fee-Free' by Reuters Apr 5th 2013 2:15PM At least three wealth management firms marketing themselves as objective financial advisers are getting payments for investing their clients' money in certain mutual funds.
Is She the Next Buffett? ING, Girls Inc. Groom Girl Investors by Michele Lerner Apr 5th 2013 9:29AM Only a quarter of women feel confident about making investment decisions, compared to nearly half of men who do. ING and Girls Inc. have a plan to close that confidence gap.
HMO Stocks Rise on Medicare Advantage News by DailyFinance Staff Apr 2nd 2013 9:00AM Shares of health insurance provider Humana jumped yesterday and are set to gain more today following news that Medicare Advantage might increase reimbursement rates.
