Dimon May Leave JPMorgan If Stripped of Chairmanship
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.
Banks
Bernanke: Fed Increasing Oversight Beyond Banks
The Fed has broadened its oversight beyond banks and now monitors a wide-range of financial institutions that could hasten another crisis, Chairman Ben Bernanke said Friday.
JPMorgan Faces Federal Probe Over Energy Trading 'Schemes'
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.
Morgan Stanley Profit Falls, But Beats Wall Street Expectations
Morgan Stanley says profit and revenue dropped in the first quarter, though the results beat Wall Street expectations.
American Express Profit Boosted by Higher Cardmember Spending
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
Bank of America's profit soared in the first quarter, helped by mortgages and wealth management, but revenue fell and profits missed expectations.
With Banks Courting Customers, You Can Try Before You Buy
In an effort to be friendlier (and lure customers) banks are giving away services like personal consultations, financial literacy classes and seminars. And that's good for us.
Goldman Sachs Earnings Beat Analyst Estimates
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
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
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
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
JPMorgan Chase, the country's biggest bank by assets, says its first-quarter earnings soared to $6.1 billion, even as revenue fell slightly.
Simple: A New Bank for the Online Set
For customers sick of dealing with bank fees and surcharges, a new company called Simple is offering an interesting solution: all-online banking.
Could the U.S. Do Like Cyprus and Seize Bank Deposits?
Cyprus' attempt to raid insured bank accounts has left a bad taste in the mouths of people around the world, and led some to ask: Could it ever happen here in America?
Monday Memo: This Week on the Saving Channel
A preview of what's happening this week on DailyFinance's new Saving Channel, where we bring you the best in money-saving ideas and strategies.