July 29- JPMorgan Chase& Co, the biggest U.S. bank by assets, is slashing its technology support workforce in corporate and investment banking division following a revenue dip, Bloomberg News reported, citing people familiar with the matter. Offices affected include New York, Tampa, Chicago and Dubai, according to the report.» Read More
Discussions continue as to how to recapitalize Spain’s troubled banks, Fannie Mae gets a new CEO, Sprint will soon be rolling out a pay-as-you-go iPhone, Starbucks and Coinstar strike a deal.
Goldman Sachs has laid off roughly 50 people last week, a number of whom were from the higher end of its pay scale, according to people briefed on the matter but not authorized to speak on the record, rattling sentiment with the firm. The New York Times reports.
A 275 page report sheds light on what may have happened in the last days of MF Global, airlines consider more fees, Starbucks spends $100 million on bread companies, CBS Outdoor billboards business could fetch $6 billion.
Falling stock market turnover in Hong Kong and Singapore is increasing pressure on medium and small-sized brokerage firms, hurting their commissions and forcing some to cut jobs.
The Dow continues to have a choppy May, Kayak delays its IPO, U.S. Treasury yield hits record low, TiVO goes into the red, Lionsgate reports a loss and Virgin Galactic gets the go ahead for a test flight.
Large size is an impediment to effective bank management, says Peter Cohen, Cowen Group chairman and CEO, discussing big retail brokerage firms and client services, with CNBC's Gary Kaminsky.
"It's a very difficult set of circumstances to manage that much, says Thomas Hoenig, FDIC board member discussing his proposal to severely limit the activities of banks, with CNBC's Steve Liesman.
Is it time to buy financials, currently one of the worst-performing sectors in the market? David Katz, Matrix Asset Advisors chief investment officer, discusses whether there is a buying opportunity in financials.
CNBC's Mary Thompson reports the latest detail from Goldman Sachs' annual shareholder meeting.
Sallie Krawcheck, former Merrill Lynch Wealth Management CEO, discusses the Facebook fiasco, and where investors are now putting their money.
CNBC's Mary Thompson reports the latest detail on shareholders and protesters gathering at Goldman Sachs' annual meeting in New Jersey, to rally against CEO Lloyd Blankfein's leadership, and Michele Burns' re-election to the board, among other things.
Brennan Hawken, UBS director of equity research, discusses Facebook's poorly executed IPO, Morgan Stanley's role as underwriter and why he maintains a "buy" rating and price target of $19 on Morgan Stanley.
CNBC's Kayla Tausche reports government regulators are looking into whether Morgan Stanley followed the same procedures for Facebook's IPO as it has for all other initial public offerings.
Yra Harris, Praxis Trading, discusses which market moving activities traders will be watching ahead of the opening bell and shares his perspective on repealing the Glass-Steagall Act.
Banks should focus on capital, liquidity and diversification, says Gary Parr, Lazard Freres vice chairman, discussing the future of Wall Street's regulatory landscape, in the face of JPMorgan's $2 billion trading blunder.
Sen. Jeff Merkley, (D-OR), provides a preview of today's hearing in Congress and discusses JPMorgan's $2 billion trading blunder, and why he thinks banks used for loans should not be in the hedge fund business.
CNBC's Mary Thompson reports JPM's CEO, Jamie Dimon will give a keynote speech to analyst and institutional shareholders this morning at the Deutsche Bank Global Financial Services Conference, and has an update on the credentials of the former risk officer at the unit responsible for the $2 billion trading loss at JPMorgan.
Bart Chilton, Commodities Futures Trading Commission commissioner, weighs in on an open probe into any wrongdoing in JPMorgan's $2 billion plus trading loss.
Steve Bartlett, Financial Services Roundtable president & CEO, discusses JPMorgan's trading blunder, the Dodd-Frank Act and the impact of regulations on big banks.
Investors are expected to grill JPMorgan's CEO at its yearly shareholder's meeting in Tampa, Florida over the more than $2 billion in trading loses. CNBC's Mary Thompson reports the details. Also, Robert Lowenstein, BusinessWeek contributor and Tom Stemberg, Highland Capital Partners, discuss the fallout of the bungled trade and Wall Street's game of risk.