Bank of America Corp. has been sued for race discrimination by allegedly steering wealthy clients to white co-workers.
John C. Whitehead said he is outraged by the excessive compensation given to Wall Street top execs.
Bank of America appoints Moynihan and Sevilla-Sacasa to head a wealth team that incorporates U.S. Trust Corp.
JPMorgan Chase & Co. acquired Xign Corp., a provider of business-to-business on-demand financial settlement solutions.
Russia's customs service is suing the Bank of New York for $22 billion over alleged misdeeds dating from the 1990s, according to Russian news agencies.
An affiliate of Edward Lampert's ESL Investments Inc. hedge fund now owns 15.24 million shares of Citigroup Inc.
Rising trading volumes boosted the London exchange's fiscal-year operating profits by 55% to $367 million.
George "Beau" Taylor, JPMorgan Chase & Co.'s energy-trading head has quit to join the Credit Suisse Group, according to published reports.
The Fidelity Out of Sudan group applauded news that the fund giant has slashed its stake in PetroChina ADRs by 91%.
Merrill Lynch & Co. Inc. has announced that it will expand its private equity efforts and promote two managers.
