Bank of America
April 19: Bank reports improved core profits for the first quarter, aided by a rebound in trading revenues, but fails to turn a profit in home loans
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JPMorgan to spin out ‘special investments’
The bank is spinning out the group that caused $2bn in trading losses from its troubled chief investment office as executives clean up the London division
Morgan Stanley chief defends Facebook role
The disappointing market debut is haunting the social networking industry, sapping demand for shares in other recently debuted internet companies
M Stanley derivatives switch hits hold-up
Regulators stall on group’s plan to shift part of its $52tn portfolio to its banking arm and soften the possible $9.6bn blow from a potential credit downgrade
JPMorgan in Japan insider trading probe
US bank is under scrutiny after employee allegedly leaked information on Nippon Sheet Glass share issue, which was used by a hedge fund
Goldman in deal to buy Vale’s coal assets
The sale of its Colombian thermal coal operations for $407m will allow the Brazilian miner to concentrate on its core metals business
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Earnings news
Goldman Sachs
April 17: Wall Street bank reports 23% drop in first quarter profits compared with last year, but results beat expectations after a trading rebound
Morgan Stanley
April 19: Investment bank reports an increase in sales and trading of fixed income securities that trumps the gains produced by its competitors
Citigroup
April 17: Citi reports improved first-quarter earnings and a rebound in investment banking from a poor previous quarter
JPMorgan
April 13: US bank beats analyst expectations as it kicks off earnings season for American lenders, with higher revenues auguring well for Wall Street firms
Wells Fargo
January 17: Results underline US banks’ diverging fortunes as Wells’ net income surges by 20 per cent to $4.1bn
Comment and analysis
JPMorgan shows fighting complexity is futile
The line between proprietary trading, client facilitation and hedging is sometimes so thin as to be nonexistent, writes Sallie Krawcheck
Biggest US banks in senator’s sights
Sherrod Brown renews congressional push to break-up America’s top lenders to put an end to the ‘too big to fail’ problem that sparked bailouts
M Stanley turns profit on Facebook support
The profit for the lead underwriter is likely to focus attention on the mechanics of how big Wall Street banks ‘stabilise’ shares in IPOs
JPMorgan takes more risk than rivals
The bank’s regulatory filings reveal the full extent of trading at its chief investment office, which is still reeling from a $2bn-plus trading loss
JPMorgan loss set to alter regulatory focus
The trading loss at JPMorgan Chase is likely to refocus regulators’ attention on the pitfalls of banks using derivatives to hedge a portfolio of assets
Banking: Back to the wall
JPMorgan Chase’s $2bn loss tarnishes the reputation of chief executive Jamie Dimon as a hawk-eyed risk manager prepared to confront regulators
Size can be deadly in a low-rate world
There is one aspect of JPMorgan’s tale that generates a weary sigh of recognition from rivals: the investment dilemma the bank found itself in in recent years
JPMorgan reaction
If clawbacks are employed, patforwards should be too – and indeed some consultancies do this already
Multimedia
Changing landscape of US banks
An interactive timeline focusing on three of the largest bank mergers in decades that took place in the aftermath of the collapse of Lehman Brothers
Stress tested
Interactive chart: see how large US banks would fare under adverse conditions according to the Fed’s Supervisory Capital Assessment Program
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