Paul Miller News
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Bank of America Corp. Chief Executive Officer Brian T. Moynihan, who once vowed to wage “hand-to-hand combat” in lawsuits over faulty mortgages, settled one big fight with MBIA Inc. yesterday as another remains unfinished.
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Banks that opened more than 15,000 branches across the U.S. in the decade leading to the financial crisis are retreating from lower-income neighborhoods, even as the industry posted its second-most-profitable year on record.
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Bank of America Corp. led the Dow Jones Industrial Average lower today after shortfalls in mortgage banking and trading marred first-quarter results and slowed the company’s turnaround.
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Wells Fargo & Co. Chief Executive Officer John Stumpf said there aren’t enough homes for sale in some markets and that a rebound in sales, prices and construction will bolster future earnings.
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Brian Moynihan was impatient. It was August 2011, and the Bank of America Corp. chief executive officer was reviewing plans to impose a $5 monthly fee on debit- card users.
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Heidi Miller , a confidant of Jamie Dimon for almost two decades, more than quintupled pretax profit at JPMorgan Chase & Co. ’s treasury unit since taking over the division in 2004. Her reward: a newly created job heading all of the company’s international operations.
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City National Corp., banker to Frank Sinatra and Arnold Schwarzenegger, will open its first street-level branches in New York to gain visibility in the city where many of its Hollywood clients work and live.
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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon has called the bank’s money-losing London Whale trade “harpooned” and “killed.” Today in Washington, it will be revived.
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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon has called the bank’s money-losing London Whale trade “harpooned” and “killed.” Today in Washington, it will be revived.
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The biggest U.S. banks including JPMorgan Chase & Co. and Citigroup Inc. are lending the smallest portion of their deposits in five years as cash floods in from savers and a slow economy damps demand from borrowers.
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