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The SEC and other regulators are seeking information about the bank's use of proprietary products in its wealth management business, the company disclosed in a regulatory filing.
By Hugh SonMay 7 -
A new generation of Wall Street bankers is about to get a raise, as firms open wallets to head off defections to investment funds and Silicon Valley.
By Hugh SonAugust 21 -
Bank of America Corp. will pay $16.65 billion to end federal and state probes into mortgage bond sales, the harshest penalty yet related to loans that fueled the 2008 financial crisis, the Justice Department said.
August 21 -
JPMorgan Chase CEO Jamie Dimon plans to be involved running the bank at a less intense pace as he fights throat cancer and said that the company is prepared for all scenarios.
By Hugh SonJuly 15 -
The worlds biggest bond dealers, including JPMorgan Chase & Co. and Morgan Stanley, failed to properly report trades to the industrys price-tracking system more than 11,000 times. JPMorgans penalty: About three minutes of its annual profit.
By Hugh SonMay 22 -
Bank of America Corp. is dismantling an electronic market-making unit created last year to serve the lenders Merrill Lynch wealth-management division, said two people with knowledge of the decision.
By Sam MamudiMay 22