By John Solomon
How the government's punishing of the exposure of official wrongdoing can linger for years
JPMorgan Chase is trimming expenses by $1 billion and cutting 1.5 percent of its workforce, company executives announced Tuesday
Passing another milestone on the nation's long journey back from the Great Recession, the Standard and Poor's 500 index closed above 1,500 for the first time in more than five years Friday after a wave of good earnings reports.
Consumer advocates have complained that the nation's mortgage lenders are getting off easy in a deal to settle charges that they wrongfully foreclosed on many homeowners after the collapse of the housing bubble.
More problems for Boeing's 787 sent the aircraft maker's stock down sharply Wednesday, dragging the Dow Jones industrial average lower.
America's best-known banker is getting a big pay cut. JPMorgan Chase said Wednesday that it will dock the pay of CEO Jamie Dimon by more than half, to $11.5 million from $23 million.
Apple held down the Standard & Poor's 500, pushing it further below the five-year high it reached last week, after the technology giant's stock sank following a report that demand for the iPhone 5 may be weaker than expected. The Dow Jones industrial average edged higher.
JPMorgan Chase & Co. has been ordered to take steps to correct poor risk management that led to a surprise trading loss last year of more than $6 billion.
It's official: From presidential campaign politics to a world gone "Gangnam Style," 2012 was the most dubious year yet.
Vilified as a chief cause of the global financial crisis three years ago, America's banks appear to be quietly on the mend.
Major stock-market indexes climbed Tuesday as investors waited for the finish of a closely fought U.S. presidential election.
Major stock-market indexes climbed Tuesday as investors waited for the finish of a closely fought U.S. presidential election.
The incredible shrinking bank may have to shrink more. In the hours after Tuesday's surprise announcement that Citigroup CEO Vikram Pandit was stepping down, speculation was rife, and facts scant, about what lay ahead for the nation's third-largest bank.
Vikram Pandit abruptly stepped down as CEO of Citigroup on Tuesday, surprising Wall Street, after steering the bank through the 2008 financial crisis and the choppy years that followed.
Stocks rose on Monday after a strong gain in retail spending suggested that consumers could be getting more confident about the economy. Bank stocks rose broadly after Citigroup delivered a strong earnings report.
Economists foresee only tepid growth for the coming year, with unemployment back above 8 percent for the first half of 2013.
