JPMorgan Chase to Cut Up to 4,000 Jobs in 2013February 26, 2013JPMorgan Chase & Co
plans to cut 3,000 to 4,000 jobs in its consumer bank in 2013,
representing about 1.5 percent of the company's overall
workforce, it said in a presentation to investors on Tuesday.
Bank Failures Down in 2013February 26, 2013Three banks have been shuttered so far in 2013, compared with 11 over the same time period last year.
Citigroup Bows to Shareholder Pressure, Overhauls PayFebruary 21, 2013Citigroup Inc said on
Thursday it has overhauled an executive pay plan that
shareholders rejected last year as overly generous, revising it
to tie bonus payments more closely to stock performance and
U.S. DOJ Probing JPMorgan Over Bear Stearns Mortgage ProductsFebruary 21, 2013The U.S. Justice Department is
investigating JPMorgan Chase & Co over allegations that
Bear Stearns provided misleading information about its mortgage
products during the lead-up to the financial crisis, according
to people familiar with the matter.
Russian Central Banker Slams Vast Criminal Cash ExportsFebruary 20, 2013Russia's central bank chief said
nearly $50 billion, or 2.5 percent of the national income, had
been sent abroad illegally in 2012, much of it controlled by a
single group of people - whom he did not identify.
Legislation Still Needed On National Cyber Security StandardFebruary 19, 2013While the President’s executive order on cyber security last week brought public attention to the growing issue of cyber threats, legislation is still needed from Congress to help block attacks like those aimed at banks in recent months.
Monday they plan to take action against Google by this
pool user data from across all its services ranging from YouTube
U.S. Judge Dismisses ATM Fee Collusion LawsuitsFebruary 13, 2013A federal judge has dismissed antitrust
lawsuits accusing Visa Inc, MasterCard Inc,
JPMorgan Chase & Co, Bank of America Corp and
Wells Fargo & Co of conspiring to fix automated teller