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JPMorgan CEO's Plan to Stay Five Years Shows He's Up for Another Crisis

JPMorgan CEO's Plan to Stay Five Years Shows He's Up for Another Crisis

Under JPMorgan CEO Jamie Dimon's own formula, a financial crisis happens every five to seven years. It's now been a decade since the last crisis.

For JPMorgan's Dimon, It's a Waste Not to Spend the Tax Windfall

For JPMorgan's Dimon, It's a Waste Not to Spend the Tax Windfall

JPMorgan and rivals in the banking industry are drooling over the billions of dollars they'll save on taxes this year. But whereas rivals like Bank of America and Citigroup want to give a lot of the money back to shareholders, JPMorgan's CEO wants to spend the bank's extra cash or use it to make new loans.

JPMorgan Will Give 22,000 People a 10% Raise With Its Tax Law Windfall

JPMorgan Will Give 22,000 People a 10% Raise With Its Tax Law Windfall

JPMorgan, the biggest U.S. bank, follows competitors Wells Fargo and Bank of America in sharing with workers some of its tax windfall, following a cut in the corporate rate to 21% from 35%.

Crypto Mining 101, What it Is And How it Works (Watch Video)

Crypto Mining 101, What it Is And How it Works (Watch Video)

The World Economic Forum is getting underway in Davos, Switzerland and cryptocurrency, bitcoin and blockchain are in the spotlight. Still confused by it all? Watch this video primer on cryptocurrency.

JPMorgan Boosts CEO Dimon's Pay $29.5 Million as Workers See No Raise

JPMorgan Boosts CEO Dimon's Pay $29.5 Million as Workers See No Raise

The biggest U.S. bank increased CEO Jamie Dimon's pay by 5.3% to $29.5 million for 2017, as profit fell by 1%. That's roughly 240 times what the firm's roughly 250,000 employee make on average, and they got no raise last year.

Goldman Sachs CEO Blankfein Looks Like Runt of Wall Street Litter

Goldman Sachs CEO Blankfein Looks Like Runt of Wall Street Litter

This year has seen price swings in bonds and has seen other assets drop to unusually low levels, keeping investors on the sidelines and leaving few opportunities for traders at banks to score gains on big market moves. Nowhere has the downturn been felt more keenly than at Goldman Sachs -- and the pressure is now on CEO Lloyd Blankfein to show that it's just a blip.

Morgan Stanley Profit Tumbles as Firm Takes Bond Trading Hit

Morgan Stanley Profit Tumbles as Firm Takes Bond Trading Hit

Morgan Stanley says fourth-quarter profit tumbled 59%, as the firm suffered along with rival Goldman Sachs from a slump in bond markets.

Goldman Sachs Ends Horrible Bond-Trading Year With Big Tax Loss

Goldman Sachs Ends Horrible Bond-Trading Year With Big Tax Loss

This year has seen price swings in bonds and has seen other assets drop to unusually low levels, keeping investors on the sidelines and leaving few opportunities for traders at banks to score gains on big market moves. And nowhere has the downturn been felt more keenly than at Goldman Sachs.

Bank of America Takes Profit Hit From Tax Law, Bond-Trading Slump

Bank of America Takes Profit Hit From Tax Law, Bond-Trading Slump

Bank of America's results include costs to write down so-called deferred tax assets, or DTAs, a type of credit that allow companies to cancel out taxes by deducting past losses against current earnings.

Citigroup's $18 Billion Loss Recalls 'Sins' of the Financial Crisis, Shares Gain

Citigroup's $18 Billion Loss Recalls 'Sins' of the Financial Crisis, Shares Gain

Citigroup posts an $18.3 billion loss in the fourth quarter as it writes down the value of tax credits saved up following the U.S. bank's massive government bailout in 2008.