In a new filing, the bank reiterated that it's not worried about future legal expenses.
FORTUNE -- Morgan Stanley is either the cleanest bank on Wall Street, or it's living in denial.
Talk of JPMorgan Chase's $13 billion settlement has dramatically upped the expectations of what banks may pay to put the financial crisis behind them. On Thursday, in a regulatory filing, Goldman Sachs (GS) estimated it may spend $4 billion more MOREStephen Gandel, senior editor - Nov 8, 2013 5:00 AM ET
Two new studies find preferential treatment for banks with political ties to the Treasury Department.
FORTUNE -- Move over "too big." There's a new knock on the mega banks: "Too connected to fail."
Two studies published in the past few weeks tackle the issue of whether big banks get special privileges because of their connections to top regulators and Washington officials.
Both studies focus on the early days of the financial crisis. The MOREStephen Gandel, senior editor - Oct 28, 2013 5:00 AM ET
Accounting moves boosted bottom lines at the biggest banks this quarter. How long can this last?
FORTUNE -- Even as Washington is adding doubts to the recovery, investors have taken comfort in bank earnings. Perhaps they shouldn't be.
On Wednesday, Bank of America (BAC) said it netted $2.5 billion in the third quarter, up from basically breaking even a year ago. Shares rose, as they have at the other banks, even before MOREStephen Gandel, senior editor - Oct 17, 2013 10:36 AM ET
Assets at the six largest U.S. banks are up 37% from five years ago. What happened?
FORTUNE -- One third of all business loans this year were made by Bank of America. Wells Fargo funds nearly a quarter of all mortgage loans. And held in the vaults of JPMorgan Chase is $1.3 trillion, which is 12% of our collective cash, including the payrolls of many thousands of companies, or enough to MOREStephen Gandel, senior editor - Sep 13, 2013 11:42 AM ET
The Fed's taper is hitting Wall Street.
FORTUNE -- Earlier this week, at an investor conference, JPMorgan Chase's CFO Marianne Lake said her bank could see a $15 billion drop in the value of its bond portfolio if interest rates were to rise two percentage points. In April, JPMorgan (JPM) CEO Jamie Dimon said in his annual letter to shareholders that a 3 percentage point rise in interest rates would produce $5 billion MOREStephen Gandel, senior editor - Sep 11, 2013 1:34 PM ET
Dow Jones says a goal of the 30-stock index is to capture the pulse of the broader economy. So why replace a rebounding Bank of America with Goldman Sachs?
FORTUNE – In the biggest change of the 30-stock index in nearly a decade, three companies will be replaced on the Dow Jones Industrial Average. Alcoa, Bank of America, and Hewlett-Packard are out, Nike, Goldman Sachs, and Visa (V) are in.
The shake-up MORENin-Hai Tseng, Writer - Sep 10, 2013 1:27 PM ET
The government's bailout of Citigroup has finally ended. It was profitable, but it took a while.
FORTUNE -- Congratulations, taxpayers. Your Citigroup bailout is finally over.
On Monday, the Federal Deposit Insurance Corp. said it was selling $2.4 billion in Citi bonds. The bank debt is the last remaining piece of Citi (C) that is owned by any government agency tied to the bailout of the firm in the wake of MOREStephen Gandel, senior editor - Sep 10, 2013 5:00 AM ET
Citigroup stands to lose the most business, but no bank is immune.
FORTUNE -- Here's yet another risk the Federal Reserve might want to consider as it exits its bond buying program: Could the growing rout in emerging markets create a financial crisis back home?
Rising interest rates in the U.S., sparked by indications that the Fed may slow its bond buying, have translated into a summer of pain for emerging markets. MOREStephen Gandel, senior editor - Sep 3, 2013 5:00 AM ET
Citigroup released a cumbersome, jargon-filled, 101-page earnings announcement. How can Washington possibly regulate entities like this?
FORTUNE -- You would think that a well-researched and insightful book about the Washington legislative process would have nothing in common with a big bank's quarterly earnings news release. But you'd be wrong.
If you read the two documents almost back to back -- as I've done recently -- you discover that the book and the MOREAllan Sloan, senior editor-at-large - Jul 19, 2013 5:00 AM ET
Collateralized loan obligations are back, even in the most unlikely places.
FORTUNE -- The former office of JPMorgan Chase's London Whale is diving back into risk.
According to several people familiar with the deals, JPMorgan's London chief investment office, which last year lost more than $6 billion betting on credit derivatives, is in the process of inking deals to buy significant portions of collateralized loan obligations, which are structured bonds that are backed MOREStephen Gandel, senior editor - Jul 18, 2013 1:06 PM ET
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