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The investment bank should consider buying a commercial bank such as Bank of New York Mellon
Lenders that lost billions will get back as little as 5 cents on the dollar from restructuring
German law enforcement suspected UK-based employee shared sensitive information about looming deals
Western banks are exiting the country following the invasion of Ukraine
Lawmaker Andy Barr says the financial system has been ‘co-opted by the intolerant left’
Reduction comes after rocky 2022 in which bank cut staff and slashed bonuses
Bank’s offices raided this week as part of investigation that has already led to one arrest in Germany
Forfeitures after WhatsApp scandal range from a few thousand dollars to more than $1mn per employee
Shareholder proposals face challenge from political backlash
More doughnuts than a Dunkin’s
Investment bank cites weaker financial performance and ‘challenging’ economy in 2022
The Wall Street investment bank has outflanked its old rival by diversifying into wealth management
Longest-serving boss of Wall Street bank earned $34.5mn for 2022
Lender has bested bigger rivals but the threat of greater regulatory scrutiny has put held back its shares
Plus, DD pokes holes in Disney’s case for buying 20th Century Fox and Wall Street financiers go shopping in France
Discount brokerage has transformed itself into one of America’s largest lenders by deposits
Diverging fortunes of Wall Street’s premier investment banks laid bare by fourth-quarter earnings
Wall Street bank has embarked on biggest cost-cutting drive since financial crisis
Shares climb more than 7% as investors look past drop in profits in investment banking unit
Lender braced for ‘sustained period of lower deposits’ even as its faith in digital asset industry remains intact
Competition for cash is mounting as depositors seek higher-yielding alternatives
Also in this edition: Some welcome news on the UK economy, China takes tech golden shares, quantum computing hype
Net income for final three months of 2022 was $11bn, up 6% year on year
Net interest income up 23% from a year ago as Federal Reserve raises rates
Supervisory chief’s call reflects unease about potential for contagion from other corners of financial markets
UK Edition
