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Goldman boss defends its ethics  New York: Goldman Sachs' boss Lloyd Blankfein has rejected claims by a former employee that its environment is 'toxic and destructive' Lehman Brothers exits bankruptcy  New York: Lehman Brothers, the US investment bank that collapsed in 2008, has exited from bankruptcy protection Citigroup plans to cut 4,500 jobs  New York: US banking giant has said it is to cut 4,500 jobs around the world in an effort to reduce its costs Goldman Sachs reports $393m loss  New York: Goldman Sachs' trading was 'significantly impacted' by the debt crisis in the eurozone and the wider global economic uncertainty Banks lead global share declines. New York   Obama pushes case for bank reform bill
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JP Morgan 'faces record $13bn fine'   Manhattan: US banking giant JP Morgan is set for a record $13bn fine to settle investigations into its mortgage-backed securities, US media reports say JP Morgan pays $920m to regulators   Manhattan: US bank JP Morgan Chase has agreed to pay four regulators $920m relating to a $6.2bn loss incurred as a result of the 'London Whale' trades Swedish Princess Madeleine weds New York banker    Sweden: Madeleine has said 'yes' to New York banker Christopher O'Neill in a lavish and emotional wedding ceremony in Stockholm Citigroup in 11,000 staff cull Map of Manhattan  Manhattan: Citigroup says it is cutting 11,000 jobs worldwide in an efficiency drive, with most of the jobs being lost in its consumer banking division Ex-Goldman Sachs board member jailed for 2 years  New York: Rajat Gupta, 63, who was found guilty of four criminal counts of insider trading has sentenced to two years in jail Citigroup's boss Pandit resigns   Manhattan: Citigroup chief executive Vikram Pandit has surprised Wall Street by resigning with immediate effect. He is being replaced by Michael Corbat JPMorgan doubles its trading loss   Manhattan: JPMorgan Chase has raised its estimate of the value of its recent losses from trading in complex financial derivatives to $4.4bn JPMorgan reveals shock $2bn loss  New York: The biggest US bank has revealed a surprise trading loss of $2bn on complex investments made by its traders American Jim Yong Kim named World Bank chief
JP Morgan in record $13bn settlement Map of Manhattan

year 2013 Top ^

  Manhattan: JP Morgan has agreed to a record $13bn settlement with US regulators for misleading investors during the housing crisis

year 2012 Top ^

  New York: Jim Yong Kim was tapped to be the next president of the World Bank, besting Nigerian finance minister Ngozi Okonjo-Iweala


year 2011 Top ^


year 2010 Top ^

  New York: US President Barack Obama will push the case for more government regulation of big banks in a speech to financial leaders
Apr.16 Goldman Sachs accused of fraud  New York: The Wall Street powerhouse has been accused of defrauding investors by the Securities and Exchange Commission

year 2009 Top ^

Oct.15 US banks' profits beat forecasts
  New York: Goldman Sachs and Citigroup have reported better-than-expected profits between July and September
Jul.14 Goldman Sachs sees bumper profit
  New York: US bank reported a net profit of $3.44bn for April to June, beating analysts' forecasts Jan.16 Citigroup to split as losses grow  New York: Struggling banking giant has announced plans to split the firm in two, Citicorp and Citi Holdings, as it reported a quarterly loss of $8.29bn

year 2008 Top ^

Nov.23 Citigroup secures U.S. government lifeline
  Washington: The government outlined a massive rescue package that would inject another $20 billion into the banking giant, shares of which have plunged Sep.21 US banks make shock status switch
  New York: Goldman Sachs and Morgan Stanley are to become bank holding companies, allowing them to take deposits from investors
 They are the last two major investment banks in the US
Sep.14 Barclays quits Lehman sale talks  New York: Barclays has pulled out of talks to buy most of troubled investment bank because it was unable to obtain guarantees Mar.14 Bear Stearns gets emergency funds   New York: US bank has got emergency funding, in a move that raises fears that one of Wall Street's biggest names is on the verge of collapsing

Bad Economic News Main Event: JP Morgan in r...
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2013-11-19 JP Morgan in record $13bn settlement Manhattan
C. 2013-10-19 JP Morgan 'faces record $13bn fine' Manhattan
D. 2013-09-19 JP Morgan pays $920m to regulators Manhattan
4. 2012-12-05 Citigroup in 11,000 staff cull Manhattan
F. 2012-10-24 Ex-Goldman Sachs board member jailed for 2 years New York
6. 2012-10-16 Citigroup's boss Pandit resigns Manhattan
7. 2012-07-13 JPMorgan doubles its trading loss Manhattan
8. 2012-05-10 JPMorgan reveals shock $2bn loss New York

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