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JPMorgan Chase kicks off earnings season for the financial sector Thursday, and investors will be keen to see whether a pick-up in mergers and acquisitions has offset an industry-wide drop-off in trading activity.

Continue reading JPMorgan Chase Earnings Preview: EPS Expected to Rise Despite Trading Decline

JPMorgan Chase Earnings Preview: EPS Expected to Rise Despite Trading Decline originally appeared on DailyFinance on Tue, 12 Oct 2010 13:40:00.

Filed Under: Company News, Investing, Earnings, JP Morgan Chase, Stocks in the News, Market News

Bank of America (BAC) is reportedly laying off as many as 400 people as revenue from trading and advising clients falls.

Bank of America, the country’s largest bank by assets, is laying off people ranging from junior analysts to managing directors, Bloomberg News said without naming its sources.

“This sounds like an acceleration of the usual year-end cutbacks among the lowest…

Continue reading Bank of America Reportedly Planning Layoffs

Bank of America Reportedly Planning Layoffs originally appeared on DailyFinance on Tue, 21 Sep 2010 07:02:00.

Filed Under: Company News, People, Investing, Bank of America, Credit

Goldman Sachs (GS) poached a top banker from the London office of Swiss bank UBS (UBS), The Financial Times reported.

Philip Shelley, co-head of corporate broking at UBS, will make the move to Goldman later this year, The Financial Times reported without naming its sources.

Corporate broking involves a bank acting as a point of contact between a company and its investors.

Shelley…

Continue reading Goldman Sachs Poaches Senior Banker From UBS

Goldman Sachs Poaches Senior Banker From UBS originally appeared on DailyFinance on Thu, 09 Sep 2010 08:47:00.

Filed Under: Company News, People, Goldman Sachs , Credit