Bank of America Corp. has been sued for race discrimination by allegedly steering wealthy clients to white co-workers.
John C. Whitehead said he is outraged by the excessive compensation given to Wall Street top execs.
Bank of America appoints Moynihan and Sevilla-Sacasa to head a wealth team that incorporates U.S. Trust Corp.
Russia's customs service is suing the Bank of New York for $22 billion over alleged misdeeds dating from the 1990s, according to Russian news agencies.
JPMorgan Chase & Co. acquired Xign Corp., a provider of business-to-business on-demand financial settlement solutions.
A senior fund manager at a joint venture between JPMorgan Asset Management and Shanghai International Trust & Investment Co. was dismissed yesterday because of suspected insider trading.
Merrill Lynch & Co. Inc. has announced that it will expand its private equity efforts and promote two managers.
Rising trading volumes boosted the London exchange's fiscal-year operating profits by 55% to $367 million.
The Fidelity Out of Sudan group applauded news that the fund giant has slashed its stake in PetroChina ADRs by 91%.
George "Beau" Taylor, JPMorgan Chase & Co.'s energy-trading head has quit to join the Credit Suisse Group, according to published reports.
