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The United States should consider pulling out of the Basel group of global banking regulators, Jamie Dimon, CEO of JPMorgan Chase & Co., said in an interview with the Financial Times, Reuters reported.
Dimon said …
U.S. banks’ third-quarter profit estimates were cut an average 45 percent by Citigroup Inc. on concern that the global equities rout and volatility in credit markets will pare earnings from trading and investment banking, Bloomberg …
Bank of America Corp. CEO Brian Moynihan said the company is looking to cut $5 billion in annual costs. The bank has about 50 senior employees reviewing some 150,000 ideas for cutting costs, Moynihan said. …
Bank of America Corp. officials have discussed slashing roughly 40,000 jobs during the first wave of a restructuring, The Wall Street Journal reported.
A Reuters report on the Journal story said the number of job …
Dear Mr. Berko:
What do you think of the potential for natural gas stocks in the next couple of years? My broker thinks coal is better and wants me to buy Peabody Energy and Westmoreland …
In the past 50 years, I’ve lived through at least seven recessions — but never one like this, which has economists mumbling to themselves. There are 20 million unemployed; interest rates are …
We have an $83,000, 4.5 percent CD coming due. It was paying us a monthly income of $260. We have other CDs coming due later this year, as well as some utility …
Are employee benefit costs killing your company? Author and benefits consultant Wendy Lynch says that for many businesses, they are. Lynch spoke last week during an annual benefits seminar conducted by LaMair-Mulock-Condon Co. (LMC), a …
The number of unprofitable Iowa banks continued to shrink in the quarter that ended June 30, but the need to shed bad loans continued to be a drag on earnings, according to data from the …
Midwest Housing Equity Group Inc. announced today the closing of Iowa Fund VI with a total of $39.75 million in equity for affordable housing.
The equity raised in the fund will assist in the development …
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