Analysis: Citigroup looks to cut cash holdings to boost earnings
NEW YORK (Reuters) - Citigroup Inc is considering cutting its cash on hand by about $35 billion, which should help the bank buy higher yielding assets or redeem expensive debt...
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Analysis: Is Citi safer than JPMorgan? And other stress-test questions
NEW YORK (Reuters) - The newest stress tests for U.S. banks produced scores that are at odds with other measures of lenders' safety, in another sign that some institutions may...
Citigroup asks to spend $1.2 billion on stock buybacks
NEW YORK (Reuters) - Citigroup Inc said on Thursday it has asked the Federal Reserve for permission to spend $1.2 billion to buy back its own stock through next March...
JPMorgan to cut up to 17,000 jobs by end of 2014
NEW YORK (Reuters) - JPMorgan Chase & Co said on Tuesday that it plans to cut 17,000 jobs by the end of 2014, representing about 6.6 percent of the company's...
JPMorgan names auto loan head as it works to win back business
NEW YORK (Reuters) - JPMorgan Chase & Co named a new head of auto finance on Monday as the bank tries to boost its lending in a red-hot area where...
Citigroup faced SEC questions over its value on brokerage
NEW YORK (Reuters) - At the same time that Citigroup Inc was unsuccessfully trying to convince an arbitrator that the brokerage it owned with Morgan Stanley was worth as much...
JPMorgan looks to block shareholder proposal on bank break-up
(Reuters) - A federation of U.S. labor unions is looking to force JPMorgan Chase's board to consider breaking up the company after the disastrous "London Whale" affair, but the bank...
American Express to cut 5,400 jobs, take charges in fourth quarter
(Reuters) - Credit card company American Express Co said it would cut about 5,400 jobs, or 8.5 percent of its workforce, as it restructures its business and pay legal bills....
Whale of a job change for JPMorgan’s Staley
NEW YORK (Reuters) - James "Jes" Staley is leaving his job as chairman of the investment banking unit of JPMorgan Chase & Co to join a hedge fund that profited...
JPMorgan names new mortgage banking chief
(Reuters) - JPMorgan Chase & Co promoted Kevin Watters to be chief of its home loan business, relieving Co-Chief Operating Officer Frank Bisignano of the temporary assignment to clean up...