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
The Fast Money traders, with the trade on today's market activity; the tech sector; and RadioShack's after hours sell-off, and whether it's a likely takeover candidate. Also, the trade on big banks, with Fred Cannon, Keefe Bruyette & Woods, warning investors that what looks to be value stocks in the financial sector now, could end up being a value trap, if estimates get cut as they did last year.
Discussing how to resolve debt issues surrounding Greece, with Jes Staley, JP Morgan Investment Bank CEO, and Mary Callahan Erdoes, JP Morgan Asset Management CEO.
Private equity firms looking to invest in Indian companies can hope to strike better bargains in 2012, as valuations are at a low owing to a weak stock market and the struggling rupee gives investors more for their dollar, say industry experts.
Rich Repetto, Sandler O'Neill, discusses ETrade's downgrade to "hold" & lowering expectations by 24% in 2012, and the outlook for e-brokers.
Bank of America CEO Brian Moynihan sounded optimistic Wednesday about a US economic recovery and discussed his plan to improve the company’s stock price.
Kevin Kabat, Fifth Third Bancorp president & CEO, discusses the company's earnings miss and its outlook for 2012.
In a House hearing, regulators are defending the merits of the Volcker Rule today, with CNBC's Eamon Javers.
The Fast Money traders weigh in on the trade on Goldman Sachs, ahead of its earnings, and a preview of the banking sector, with Fred Cannon, KBW chief equity strategist.
CNBC's Mary Thompson has details on more bonus cuts coming on Wall Street, and whether this is a growing trend, with Gary Goldstein, Whitney Partners, and John Carney, CNBC.com senior editior.
The investigation into MF Global is intensifying as federal authorities unearth new details and confront potential obstacles in their hunt for roughly $1.2 billion in customer money that disappeared. The New York Times reports.
As many as 10,000 bankers at Royal Bank of Scotland face the prospect of losing their jobs, as the state-owned UK bank draws up detailed plans to retreat from investment banking, the FT reports.
China is poised to unveil measures to bolster the country’s nascent short-selling industry in an effort to deepen its capital markets, according to securities officials and fund managers. The Financial Times reports.
Mergers and acquisitions activity collapsed in the fourth quarter as the sovereign debt crisis and market volatility put the brakes on dealmaking and equity sales, pushing European investment banking fees to their lowest level in more than a decade. The FT reports.
The Fast Money traders weigh in on shares of Bank of America falling below its support level, and the trade on financials. Also a preview of Jeffries earnings, with Douglas Sipkin, Ticonderoga Securities analyst.
Is the decline in financials only halfway done? John Roque, WJB Capital, takes a look at the charts for clues.
India's economy, which was relatively sheltered during the last financial crisis in 2008, is looking especially fragile this time around.
The Fast Money traders discuss Gimme Credit's 'buy' rating on Jefferies, versus Egan-Jones' downgrade, and the investment banking business model.
The CEO of Southeast Asia’s largest lender DBS expects dollar funding shortages to continue into 2012 but he said Asian banks were well equipped to deal with the situation.
China Construction Bank is in talks to buy a bank in Brazil amid plans to open a subsidiary in Latin America’s biggest economy, according to officials and people familiar with the matter. The FT reports.
Years after the dotcom bust, capital is again flowing to needy entrepreneurs, but the funding structure is very different.