The culture of the shoeshine has taken a factorylike approach, but some Manhattan parlors have attracted Wall Street bankers who crave a more personal experience.
The investigation into whether JPMorgan Chase hired the children of powerful Chinese officials to help the bank win business is sending shudders through Wall Street.
JPMorgan Chase won a court victory today that may have saved it $769 million dollars.
The Securities and Exchange Commission on Friday charged JPMorgan and Credit Suisse with misleading investors over mortgage-backed securities, and the firms agreed to pay more than $400 million in combined settlements, according to a press release.
CNBC's Scott Cohn and Eric Schneiderman, attorney general of New York, discuss which Wall Street firms are bracing themselves for a possible lawsuit from the New York attorney general.
CNBC's Scott Cohn reports New York's attorney general's office filed a civil lawsuit against JPMorgan over mortgage-backed securities packaged and sold by Bear Stearns.
New York State Attorney General's office is moving to sue JPMorgan over claims that Bear Stearns had packaged loans and misrepresented the quality of those loans before the financial crisis.