A Senate report into Credit Suisse says it was “deeply involved in facilitating U.S. tax evasion”
Banking
‘Goldman Sachs Elevator’ Mystery Twitter Account Unmasked
Tweeter is a 34-year-old former bond exec who never actually worked for Goldman
It’s Time to Forgive the Big Banks
Consumers still blame big banks for many of their economic woes. But it’s time to move on.
This Plan Could Save the Post Office From Extinction
Go to the post office, send a package, pick up some stamps and deposit your paycheck or pay a bill? That’s the newest idea for rescuing the cash-strapped USPS floated in a report published by the U.S.P.S. Office of Inspector General.
JP Morgan Chase Gives Jamie Dimon $8.5 Million Raise
Even after a tough year for the country’s largest bank
After Losing Billions, JPMorgan Chase Gives CEO Jamie Dimon a Raise
After heated meeting, board decides to reward Jamie Dimon for stewardship during tough times
Citibank to Replace Debit Cards for Customers Compromised in Target Breach
Becomes second bank to issue new cards for affected clients
Europe Inks Deal Reforming Securities Markets
The new rules will curb commodity speculation and regulate new high-frequency trading technologies
Exhausted Barclays Interns Napped on the Toilet
You say toilet, Barclays interns say nap time
Wells Fargo Posts 16 Percent Rise in Yearly Profit
Nation’s largest home lender boasts higher annual profits than JP Morgan for first time since 2009
JP Morgan Sees Profits Drop as Legal Costs Take Toll
The bank has paid out roughly $20 billion in the past year to settle its regulatory and legal woes.
Neiman Marcus Credit Cards Hacked
Unclear if any relation to massive Target security breach