The Wall Street Job Report

Most corporate annual reports specialize in self-promotion and accentuating the positive. But the 2012 annual report of Barclays reads like a mea culpa.

When Barclays (BCS) was fined a whopping $453 million by regulators in the U.S. and U.K. based on allegations that the bank manipulated the Libor rate — which affects the prices banks charge each other to borrow money and influences fees for various loans and home mortgages — CEO Antony Jenkins vowed to overhaul and shake up the bank’s culture. Of course, … Read More »

HSBC Holdings Plc (HSBA) Chairman Douglas Flint said it’s “worrying” that more countries are acting unilaterally on regulation as financial oversight undergoes its biggest change since the Great Depression of the 1930s.

“This puts at risk globally consistent … Read More »

Bank of America Corp., the second-largest U.S. lender by assets, is seeking buyers for about 40 branches in New York and Pennsylvania, four people with knowledge of the matter said.

The offices hold about … Read More »

The U.S. Securities and Exchange Commission said Thursday that a former banker for Goldman Sachs agreed to pay $100,000 and be barred for five years from the securities industry for his role in a pay-to-play scheme.

Neil M.M. Morrison, who was fired … Read More »

Bank lobbyists are not leaving it to lawmakers to draft legislation that softens financial regulations. Instead, the lobbyists are helping to write it themselves.

One bill that sailed through the House Financial Services Committee this … Read More »