Morning scan
- Banking
Goldman restocks consumer banking team; Ray McGuire’s big bonus
Receiving Wide Coverage … Three strikes Hartford Financial Services “has rebuffed two additional unsolicited takeover offers from its rival Chubb,…
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JPMorgan addresses banker burnout; Credit Suisse’s full risks exposed
Receiving Wide Coverage … It could have been worse Credit Suisse, which has already acknowledged losing $4.7 billion in the…
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Banks line up for Citi Asia retail units; Goldman discloses Black worker count
Wall Street Journal Probe of Credit Suisse Regulators in the U.S. and Switzerland “have asked Credit Suisse for more information…
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Soccer fans diss JPMorgan Chase; another Libor alternative ramps up
Receiving Wide Coverage … The heads keep rolling Credit Suisse “said two executives in charge of its prime brokerage unit…
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Citi in big Asia hiring spree; the end of the corner office at HSBC?
Wall Street Journal Asia push Citigroup plans to recruit “1,100 private bankers and relationship managers as well as 1,200 technical…
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Citi retreats from foreign consumer markets; flush Americans worry lenders
Receiving Wide Coverage … Wealth focus Citigroup “is shutting down most of its consumer-banking operations in Asia, Europe and the…
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Big banks report record 1Q earnings; Coinbase shines in stock market debut
Breaking News This Morning BofA profit doubles Bank of America said its first-quarter profit more than doubled to $8.05 billion…
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Earnings season kicks off; higher tax rates may work in banks’ favor
Breaking News This Morning Profit blowout JPMorgan Chase said its first-quarter profit “nearly quintupled, after the bank released $5.2 billion…
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Credit Suisse cuts bonuses; financial firms split on bitcoin
Receiving Wide Coverage … Blow to earnings The largest U.S. banks this week are “expected to release some of the…
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Troubles multiply for Credit Suisse CEO; Coinbase set to go public
Receiving Wide Coverage … A whale of a mess “There are some striking parallels” between the London Whale debacle, “where…
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